Lender

P&N Bank slashes investor fixed rates
14 October 2020
P&N Bank slashes investor fixed rates

The bank has reduced its fixed rates for investor home loans by up to 61 basis points, effective 13 October.

Early super release tops $34bn
14 October 2020
Early super release tops $34bn

Funds flowing out of the super system through the early release scheme have topped $34 billion, with more than 30,000 payment applications received in the first week of October.

The Secret Formula For Hiring Your Best Mortgage Broker Yet
13 October 2020
The Secret Formula For Hiring Your Best Mortgage Broker Yet

Promoted by Platinum People Group Mortgage Brokers are hot property right now. Brokerages across Australia are fighting to attract the best on the market. This formula can help you win the ...

AFG Securities issues first non-conforming RMBS
13 October 2020
AFG Securities issues first non-conforming RMBS

AFG’s in-house lending division has announced that it has priced its inaugural non-conforming RMBS transaction worth $500 million.

Auction volume, clearance rate inch upwards
13 October 2020
Auction volume, clearance rate inch upwards

The volume of auctions and success rate increased across the combined capital cities last week, but is still down on last year’s levels, according to data.

Lender increases refinance cashback offer
13 October 2020
Lender increases refinance cashback offer

A non-major lender has increased its refinance cashback offer to $3,000 for new applications.

Mortgage approvals soar to new heights
12 October 2020
Mortgage approvals soar to new heights

An unprecedented spike in owner-occupied demand has lifted the value of home loan approvals to a record high, the latest ABS data has revealed.

More lenders appointed to SME Guarantee Scheme
12 October 2020
More lenders appointed to SME Guarantee Scheme

A total of nine lenders, including major banks, non-majors and non-bank lenders, have been confirmed as eligible lenders for the second phase of the Coronavirus SME Guarantee Scheme.

Westpac group drops floor rate
12 October 2020
Westpac group drops floor rate

The major bank and its subsidiaries have dropped the floor rate on mortgages and reinstated some offerings that were suspended due to COVID-19.

Latitude reverts to pre-COVID lending criteria
12 October 2020
Latitude reverts to pre-COVID lending criteria

The non-bank lender has announced that it is restoring its lending criteria to pre-COVID-19 settings to reflect improving economic conditions amid the COVID-19 pandemic.