Lender

A Brisbane-based lender has set a new record for the largest residential mortgage-backed securities issue by an Australian non-bank.

Demand for home loans rose by 23.5 per cent in the first three months of 2021, new Equifax data shows.

The non-bank lender has priced a $750-million non-conforming transaction, with pricing for the AI notes at the lowest price since before the GFC.

The federal Treasurer has appointed a veteran financial services lawyer and former regulator to head up the financial services regulator, alongside a new deputy chair.

The Federal Court has ordered a former equipment funder to pay a $750,000 court penalty for engaging in unlicensed consumer leasing.

A fintech company has announced that it has signed ANZ as a client for its open banking platform.

A big four bank has agreed to pay up to $30 million, without any admission of liability, to settle a class action relating to life insurance.

The financial services group has announced that it is selling its wealth business for $45 million as it moves to simplify its offering.

James Symond, the CEO of major brokerage brand Aussie, is to leave the business following the imminent merger of Aussie and Lendi.

The latest State of the States report has shown that Victoria leads the country for home loan commitments and construction work done.