Lender

A mutual bank has welcomed 3,000 new members after completing its merger with a credit co-operative.

Growth in owner-occupied lending bumped up the major bank’s mortgages book by $2.6 billion in 1HFY21, but this was partially offset by lower investor lending, it reported.

A big four bank has said that it will donate $1 million to World Vision Australia’s India COVID-19 Appeal to help with “the unfolding health crisis” there.

Investor lending grew at double the rate in March compared with February, but owner-occupied lending continued to outpace investor lending, new APRA data shows.

Several more non-major banks have extended out their cashback offers for refinances, as lenders continue to compete for mortgage flows.

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.