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‘We need more of it’: NAB rues loss of mortgage market share
19 November 2019
Phil Chronican

NAB chairman Philip Chronican has said the bank is intent on recovering lost ground in the home lending space, conceding that it needs to “sharpen its act”.

Prices would surge in absence of lending curbs
15 November 2019
Prices would surge in absence of lending curbs

Australia could see double-digit growth in home values if there were to be no further rate cuts or macro-prudential curbs on residential lending, according to market predictions released by ...

Owner-occupiers drive up lending commitments
15 November 2019
Lending commitments

Data from the Australian Bureau of Statistics on new housing credit has shown a sharp rise in the value of home loan commitments driven by a record rise in owner-occupied lending.

NAB admits to hundreds of NCCP breaches
13 November 2019
NAB admits to hundreds of NCCP breaches

The major bank has admitted to breaching the NCCP in more than 85 per cent of the 297 alleged contraventions regarding introducer-originated home loans.

Volume growth unable to bolster CBA’s bottom line
13 November 2019
CBA

The major bank has released a trading update for the first quarter of the 2020 financial year, posting an 8 per cent decline in its cash net profit amid a “challenging operating environment”

Major bank launches free credit check
13 November 2019
Major bank launches free credit check

NAB has launched a new service that allows Australians to access their credit report and score for free, regardless of who they bank with.

Westpac opens second phase of $2.5bn capital raising
13 November 2019
Westpac

The major bank has officially opened the second phase of its capital raise following the completion of its institutional share placement.

Westpac CEO rejects ‘loyalty tax’ link to ‘fees for no service’
11 November 2019
Westpac CEO Brian Hartzer

Chief executive of Westpac Brian Hartzer has dismissed suggestions that the disparity between back book and front book mortgage pricing is comparable to the “fees for no service” scandal

Concern raised as lending commitments continue to rise
11 November 2019
Concern raised as lending commitments continue to rise

The total value of home loan commitments continues to rise month-on-month, largely driven by owner-occupiers. However, increasing loan sizes flag concern for a country already inundated with ...

NAB profits slide amid ‘disappointing’ lending result
8 November 2019
NAB

The major bank has released its full-year results, posting a 13.6 per cent decline in its statutory net profit, partly driven by a $15-billion slide in mortgage volumes.