Lender

The regulator has said that it is “very frustrated” by the speed at which the big four banks are returning money to customers in their advice remediation programs.

Customers affected by the NSW floods are being offered loan repayment deferrals, among other forms of financial relief, as more heavy rain is forecast.

Two major banks have settled class actions in the US in relation to the trading of bank bill swap rate-based products.

While the recent rise in “riskier” lending is not enough to prompt a regulatory response in the near term, this could change if this trend speeds up, CoreLogic has warned.

The progression of the bill repealing responsible lending laws has been delayed, after Senate adjourned the debate of its second reading until 11 May 2021.

Pepper Group has priced a $750-million RMBS, marking its first securitisation for 2021.

A big four bank has announced that it will sell its lender’s mortgage insurance business to a global specialist insurer.

The big four bank is set to roll out a buy now, pay later offering for customers, which can be used wherever Mastercard debit and credit card payments are accepted.

Mortgage delinquencies will rise over the first half of 2021 as support measures expire but will decline later in the year as the economy improves, according to new analysis.

The non-major bank has priced a three-year senior unsecured floating rate note tranche, which it says will assist with “growth in its housing and consumer loan portfolio”.