Lender

The major bank has announced the closure of 15 regional branches, citing customer shift away from branches and into remote banking.

The major bank’s CEO pointed to “much lower” levels of leverage in the housing market compared with previous price peaks when questioned on macro-prudential tightening of lending standards

Promoted by Oak Capital This month saw the launch of Australia’s newest and truest alternative lender – and it’s a name you might already know…

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Citi is to exit its consumer business, including mortgages, loans, retail banking and credit card operations, in Australia and 12 other markets.

The non-major has reported growth in housing lending as well as a rise in home loan settlements via the broker channel.

Heritage Bank has announced that board director and chair of the risk and compliance committee, David Thorpe, is to step down from his position.

The personal loans lender has reported that new loan originations increased by a “record” $98 million in Q3FY21. 

A Hong Kong-based investment company has launched a real estate debt fund to invest in first and second mortgages for commercial and residential real estate in Australia and Asia Pacific.

The previous ME Bank CEO, Jamie McPhee, has joined the non-bank lender’s board as a non-executive director, along with a former American Express executive.