Lender

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to corporate property and SME finance.

Around one-fifth of Australians have seen their household finances worsen over the year to May, but 60 per cent have reported no change, according to the Australian Bureau of Statistics.

Westpac Group has announced that it is creating more than 300 new roles (including lending and credit assessor roles) in Adelaide.

AMP has confirmed when chief executive Francesco De Ferrari will step down and when his replacement will take the reins.

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

Several lenders, including the major banks, have announced relief measures for Victorian borrowers impacted by the floods.

The major banks have announced emergency assistance support and disaster relief packages for customers impacted by floods in Victoria.

The major bank has forecast an RBA tightening in two steps in H2 2023 to take the official cash rate to 0.5 per cent by the end of 2023.

Lending for new South Australian owner-occupier loans is at the highest level since ABS records began in 2003, with a consumer advocate warning of a pending “perfect storm” for borrowers

Outstanding payments for buy now, pay later products is now the fourth most common type of debt held by consumers, with new research showing it is retained by nearly one in five Australians