Lender

The Queensland-based lender has resumed interstate expansion after halting it during the COVID-19 crisis, with two new branches to open in NSW.

The major bank has reported a jump in home lending for the quarter ended March in a trading update, which it attributed particularly to its proprietary network.

Following the release of the federal budget for the next financial year, lenders have welcomed the moves to support home ownership and SME growth.

Newly appointed CEO Scott Hartley has announced his new leadership team for AMP Australia across its advice, superannuation and banking divisions, and an updated operating model.

The digital lender has announced that it has eclipsed its previous capital raise, by raising $90 million in its latest funding round.

The Morrison government has released its federal budget for the new financial year, including a range of initiatives targeting home ownership.

A digital lender has announced that it will only start charging lender’s mortgage insurance on loans of 86 per cent LVR and over.

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The lenders taking part in the FHLDS have welcomed the news of a new government-backed Family Home Guarantee scheme.

Restrictions that were brought in to curb investor lending in 2017 have led to a “critical undersupply” of rental properties in capital cities, according to the group.