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ASIC to force lenders into involuntary liquidation

The financial services regulator has filed a court order that could force several car financiers into involuntary liquidation.

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Lender to ‘democratise’ mortgage process with AI

A new Australian mortgage provider will soon begin offering prime home loans through the third-party channel using a range of innovative technologies such as artificial intelligence.

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NAB develops mortgage for ‘world-first’ co-ownership platform

The major bank has developed a new mortgage product in partnership with a co-ownership platform, positioning the product as a potential solution to Australia’s housing affordability crisis

mortgagebusiness
Scrapping LMI would lift rates ‘materially higher’: Suncorp

A Suncorp executive has stressed the importance of lenders mortgage insurance for the first home buyer market, claiming that interest rates would “go up materially” without the added fee

mortgagebusiness
CBA announces board changes

The major bank has appointed a new director to its board and announced the retirement of a current board member.

mortgagebusiness
Pepper-backed offshore lender launches non-resident mortgages

A new offshore lender backed by a consortium of major investors has entered the Australian mortgage market and started funding non-resident mortgages.

mortgagebusiness
Former NAB exec warns of ‘tsunami of change’ in mortgages

A former major bank executive and founder of a new Australian mortgage provider believes that the banking establishment is not equipped with the tools to survive a “massive” wave of change ...

mortgagebusiness
New mortgage lender set to disrupt local market

A handful of mortgage industry veterans have launched a new innovative home loan provider that will harness blockchain technology and allow mortgage brokers to brand their own mortgages.

mortgagebusiness
Former PM joins ANZ board

ANZ has announced the appointment of a former prime minister to its board, effective immediately.

mortgagebusiness
Non-major’s volumes down by 29% following APRA curbs

A mutual bank has pointed to APRA’s “blunt” lending curbs as a primary driver of lower volumes over the six months to December 2017.

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