Lender

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

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.

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

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.

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

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.

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.

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

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.