Lender

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.

The non-bank lender has launched an IPO at an offer price of $2.89 per share to raise $500.1 million.

The shareholders of the neobank have agreed to the scheme of arrangement that would see NAB acquire all the issued share capital in the company.

The big four bank has reclaimed its title as Australia’s third-largest mortgage lender after strong home loan growth, particularly from the broker channel.

Two non-bank lenders have settled RMBS deals and another has doubled the funding capacity of a warehouse facility.

Bluestone, with its parent company Cerberus Capital Management, has agreed to supply fintech lender Athena Home Loans with $2 billion in funding.

New loan commitments soared to a record high in March, driven by a surge in investor lending, which accounted for more than half the increase, according to new data.

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.