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LATEST PODCAST: What ASIC’s revised responsible lending guidance entails
16 December 2019
LATEST PODCAST: What ASIC’s revised responsible lending guidance entails

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

MoneyMe IPO to fund product expansion
16 December 2019
MoneyMe

The newly listed fintech is looking to tap into “unmet demand” by expanding its credit product range.

FHB scheme lender panel revealed
13 December 2019
mortgagebusiness

The full panel of lenders to take part in the government’s First Home Loan Deposit Scheme has been announced, with mutual banks leading the charge.

Westpac leadership fronts disgruntled shareholders
13 December 2019
Westpac leadership fronts disgruntled shareholders

The major bank has renewed its commitment to restoring the trust of its disgruntled shareholders amid ongoing scrutiny over its risk and compliance practices in light of the AUSTRAC scandal

AUSTRAC scandal cost Westpac millions in capital
12 December 2019
Westpac

Thousands of speculators have pulled their investments in new Westpac shares in response to AUSTRAC’s investigation into the bank’s alleged breaches of anti-money laundering laws.

NHFIC loans total $900 million for community housing
12 December 2019
Money

The Affordable Housing Bond Aggregator has delivered its largest loan to date, bringing the total amount of funds loaned through the housing finance corporation to $900 million.

ASIC issues guidance for lending to ‘mortgage prisoners’
11 December 2019
ASIC

The regulator has outlined the “reasonable steps” that lenders and brokers should take when assisting “mortgage prisoners” looking to refinance.

ASIC releases new responsible lending guidance
9 December 2019
ASIC releases new responsible lending guidance

The corporate regulator has published the revised version of its long-awaited responsible lending guidance.

Macquarie embeds CCR, revamps home lending process
6 December 2019
Macquarie

The non-major has revised its credit policy to facilitate the integration of its comprehensive credit reporting regime.

Lender hikes rates to ‘improve processing times’
5 December 2019
Citibank

A non-major has increased mortgage rates for both new owner-occupier and investor borrowers by up to 25 bps, in a bid to enhance turnaround times.