Lender

ANZ and the Commonwealth Bank have each recorded multibillion-dollar mortgage portfolio growth, far exceeding their big four peers, APRA data has revealed.

The mutual bank has become the latest among a slew of banks to announce a cashback offer, with the bank specifically targeting first home buyers.

While still expecting a change in the official cash rate, the major bank’s senior economist has backtracked from his view that this would occur on the same day as the budget.

The major bank has confirmed reports that it has identified 200,000 accounts with incorrect balances that may have led to customers accessing “excess” redraw.

The interim CEO of the bank’s institutional arm has announced his retirement, while the bank has made an internal appointment to the role of group treasurer.

The major bank has partnered with a crowdsourced security company to establish a “bug bounty” cyber security program.

Banks have welcomed the government’s proposed changes to the Credit Act, outlining that the change will “speed up the flow of credit” to Australian borrowers.

The non-bank lender has completed its second RMBS transaction for 2020, with the underlying mortgage pool differing from the usual issuance.

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

Consumer groups have blasted the federal government’s proposal to remove responsible lending laws from the NCCP, claiming the move has “disaster written all over it”.