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Bendigo opens second phase of $250m capital raise
25 February 2020
Bendigo opens second phase of $250m capital raise

The non-major has invited eligible shareholders to invest in new ordinary share issued to the market as part of a capital raise aimed at funding its home-lending strategy.

ANZ slashes home loan rates by up to 86 bps
24 February 2020
ANZ slashes home loan rates

ANZ is “hot on the heels” of the Commonwealth Bank after cutting mortgage rates across both its owner-occupied and investment home loan products.

NAB app offers gambling blocking
24 February 2020
NAB app offers gambling blocking

A major bank is offering the option to block gambling transactions via its app with immediate effect.

Nationwide broker survey on lender performance launches
24 February 2020
Nationwide broker survey on lender performance launches

A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s mortgage lenders in a bid to help them improve their service offering to the ...

Bendigo launches capital raising to fund mortgage push
18 February 2020
Bendigo CEO Marnie Banker

The non-major is issuing new securities in a bid to fund increased investment in its home-lending business.

CBA cuts mortgage rates by up to 50 bps
17 February 2020
CBA

The major bank has announced mortgage rate reduction for both owner-occupiers and investors.

NAB earnings withstand lending slump
14 February 2020
NAB

The big four bank’s underlying earnings have remained stable despite a contraction in its mortgage portfolio.

‘Unusually’ strong lending growth won’t persist: CBA CEO
13 February 2020
CBA CEO Matt Comyn

The Commonwealth Bank has delivered home-lending growth well above system, its financial results have revealed. However, CEO Matt Comyn does not expect the trend to continue.

Turnaround times lift Macquarie, sink Suncorp
12 February 2020
Macquarie and Suncorp

Processing times have played a key role in determining the performance of the non-majors in the mortgage market, as revealed by their financial updates to the market.

Lender secures NAB-backed warehouse facility
11 February 2020
Growth

Non-bank lender SocietyOne has established a $100-million NAB-arranged warehouse facility and closed a $15-million equity raise, as it prepares for growth and a potential IPO this year.