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ANZ: cash rate set to hold

One of the big four banks says the Reserve Bank of Australia is likely to keep interest rates at 1.5 per cent, following the release of minutes of the latest RBA meeting, in which the board ...

mortgagebusiness
Lending change to ‘fuel surge in SME owners’

Recent lending changes by Westpac, CBA and St.George are set to “fuel a surge” in small- to medium-sized enterprise owners purchasing property, an industry association has claimed. 

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Record lending lifts mutual lender’s earnings by 8.7%

Mutual lender CUA has made $53.03 million net profit after tax in its banking business in the last financial year, driven by above-system home loan balance and higher net interest income ...

mortgagebusiness
ASIC: Responsible lending in mortgage industry improving

Australia's home loan industry has improved its performance over the past year, adopting “better ‘responsible lending’ practices”, an ASIC review has found.

mortgagebusiness
CBA pays $180K in penalties

The Commonwealth Bank of Australia has paid four infringement notices totalling $180,000 for breaches of responsible lending laws.

mortgagebusiness
Regional home loan arrears outpace cities

New research has revealed that the number of home loans in arrears in regional Australia is outstripping those in the country’s cities.

mortgagebusiness
ANZ reshuffles management as COO steps down

ANZ has announced changes to the group’s operating model for technology, operations and shared services to accelerate the delivery of its technology and digital roadmap.

mortgagebusiness
NAB on the hunt for new execs

National Australia Bank recently announced changes to its organisational structure and executive leadership team.

mortgagebusiness
ANZ to refund $28.8m in fees

ANZ will refund $28.8 million to almost 400,000 accounts following a “significant breach” of its financial services obligations.

mortgagebusiness
Specialist lender signs sports sponsorship deal

A non-bank mortgage provider has announced that is has extended its sponsorship of a local sports team for a second term to support 'future champions'.

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