Lender

Reserve Bank governor Philip Lowe has been called to appear before a parliamentary committee to face questioning over the central bank’s monetary policy response to the COVID-19 crisis.

Above-system home lending volumes and record-high deposit growth have cushioned the COVID-induced hit to the major bank’s bottom line.

Fintech lender Athena Home Loans has launched a new mortgage product that automatically drops variable rates for borrowers with P&I repayments as they pay down their home loan.

Fintech company Revolut has officially launched in Australia with the launch of its money exchange and budgeting management app. 

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

A non-major bank has increased rates across both its owner-occupied and investment home loan offerings.

The non-bank lender has partnered with property valuation platform Valocity to help digitise and automate its commercial lending and valuation process.

Home lending volumes bounced back in June, according to the ABS, but stage 4 lockdown measures in Melbourne are set to have a “material” impact on demand over the coming months.

The dispute resolutions body has expressed support for ASIC’s proposal to ban a “continuing credit” product.

The financial services industry software provider has recruited Investment Trends CEO Michael Blomfield to the newly-created role of chief commercial officer.