Lender

Symple Loans has partnered with PwC Australia to implement a solution to prevent loan application fraud.

The major bank has reached a settlement with AUSTRAC to pay a record $1.3 billion penalty for over 23 million breaches of anti-money laundering and counter-terrorism financing laws.

A mutual lender has signed a deal with a fintech lender to provide them with an initial $300 million in home loan funding.

The major banks’ senior economists are expecting the Reserve Bank to cut rates further by as soon as next month.

A non-major lender has announced that it has temporarily ceased accepting new loan applications with loan-to-value ratios over 90 per cent as part of a move to clear a backlog of loans.

La Trobe Financial’s chief investment officer has suggested that while Australia is suffering from a “molasses” economy due to COVID-19, the impact on the housing market has been “benign”

Almost three-quarters of Millennials have admitted that they struggle to prioritise their financial wellbeing because thinking about money makes them anxious, according to research.

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

Bluestone has announced that it will resume lending to some of the industries hardest hit by COVID-19, following a six-month hiatus.

Banking and finance has been named as one of the sectors with the highest monthly job ad growth, but job ads overall have fallen by almost 30 per cent year-on-year.