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Mortgage curbs give majors an ‘advantage’: CEO

Regulatory measures to curb investor and interest-only lending have benefited the big four “in an unexpected way”, says the chief executive of a challenger bank.

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CBA accused of ‘manifest failure’

A federal senator has slammed the integrity of the CBA’s chair, CEO and board of directors, accusing them of failing to comply with legal obligations.

mortgagebusiness
Narev comes clean on CBA’s ‘$500m’ rate hike

The chief executive of Australia’s largest bank has told a parliamentary committee that the group’s 30 basis point rate hike on existing borrowers was measured by “what our competitors had ...

mortgagebusiness
Non-bank sees 48% surge in new lending

One of Australia’s largest non-bank lenders has seen a significant increase in mortgage lending, which has driven total assets by 40 per cent in 12 months to $7.5 billion.

mortgagebusiness
Westpac to refund $65m to customers

The major bank has said that it will refund approximately $65 million to customers, including home loan customers, after finding that they did not receive discounts when they should have.

mortgagebusiness
CBA, NAB chiefs next in the firing line

The chief executives of the two major banks will appear before a parliamentary committee on Friday to face a barrage of questions on mortgages and money laundering.

mortgagebusiness
Citi flags ‘disturbing’ debt levels in Sydney suburbs

New research has identified how property investors have left some Sydney suburbs with debt-to-income ratios that rival those seen in Hong Kong.

mortgagebusiness
Refinancing difficulties, restrictions on lending and financial discipline

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

Refinancing difficulties, restrictions on lending and financial discipline
CBA to backdate remuneration changes

The Commonwealth Bank has announced remuneration changes in an effort to meet the recommendations of the Sedgwick review by 2020.

mortgagebusiness
Hong Kong-backed lender launches home loans

A Melbourne-based broker part-owned by one of Hong Kong’s largest real estate players is eager to use the third-party channel to distribute its new line of mortgage products.

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