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Borrower attitudes to reshape mortgage lending

The introduction of digital mortgages in the US has shown that borrowers now expect incumbent lenders to deliver the same “seamless” origination and rapid adjudication introduced by leading ...

mortgagebusiness
Lawyers prepare CBA class action for shareholders

Maurice Blackburn Lawyers and litigation funder IMF Bentham are calling on CBA’s 800,000 shareholders to enter into the “largest shareholder class action the country has seen”.

mortgagebusiness
CBA could face $966bn in penalties

The Commonwealth Bank of Australia could be facing a penalty of more than $966 billion if fined the maximum amount for each alleged breach of the Anti-Money Laundering and Counter-Terrorism ...

mortgagebusiness
FHBs at ‘pointy end’ of affordability problems: Westpac

Core buyer sentiment remains weak across Australia despite three months of improvement, while first home buyers are at the “pointy end” of affordability problems, says Westpac.

mortgagebusiness
Auswide provides M&A update, posts FY17 lending results

Queensland-based Auswide Bank has commented on its recent merger with a mutual and its investment in a peer-to-peer lender following the release of its full-year profit results.

mortgagebusiness
Lending changes 'will continue', warns Bouris

The executive chairman of Yellow Brick Road has suggested that “there will continue to be lots of changes at the edges around lending” as the regulators seek to achieve financial stability

mortgagebusiness
ANZ ‘best placed’ to meet APRA benchmark

Of the major banks, ANZ is “best placed” to meet the Australian Prudential Regulation Authority’s “unquestionably strong” tier-one ratio without needing to raise capital on market

mortgagebusiness
Mortgage repricing delivers 5% lift in NAB earnings

NAB’s cash earnings in the third quarter of 2017 rose to $1.7 billion along with its net interest margin, as a result of “loan repricing and more favourable funding conditions”.

mortgagebusiness
CBA CEO to ‘retire’ next year

The CEO of the Commonwealth Bank of Australia, Ian Narev, is to retire next year, the bank has revealed.

mortgagebusiness
CBA boss to step down

The chairman of the Commonwealth Bank of Australia, Catherin Livingstone AO, said today that the board had decided to provide details of its planned CEO succession process to ensure the ...

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