Lender

Despite a surging mortgage market, bank profits dropped by over a third in the calendar year 2020, new APRA stats show.

Several MPs went head-to-head at the second reading debate in the Houses of Parliament, with members of the Opposition particularly concerned over the impact of the repeal of responsible ...

The non-major bank has completed the final stage of its equity raising, with the proceeds to be used to fund the acquisition of ME Bank for $1.325 billion.

The non-bank lender has reduced rates by up to 88 bps and waived some of its fees across its Prime Alt Doc range of home loans, effective 15 March.

The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products may “fall foul” of superannuation laws.

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

Several consumer groups have condemned the Senate committee’s backing of the repeal of RLOs, calling it a “recipe for economic disaster”.

Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.

A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.

Australian mortgage arrears are starting to rise as fiscal stimulus measures taper and mortgage relief periods end for many borrowers, but economic recovery and lower interest rates are ...