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Westpac to remediate 40,000 home loan customers
10 July 2019
Westpac

The major bank will remediate customers that, as a result of a processing error, have been overcharged interest on their home loans.

Property industry welcomes ‘sensible’ lending, tax reforms
10 July 2019
Green light

The prudential regulator’s changes to its mortgage lending guidance and the federal government’s income tax cuts are expected to provide a “welcome shot of confidence” to the property market

Big four trail non-majors in home loan satisfaction
9 July 2019
NAB CBA Westpac ANZ

Mortgage customers continue to be more satisfied with non-majors than the big four banks, according to the latest Roy Morgan research.

LATEST PODCAST: Mortgage lending changes and another rate cut
8 July 2019
LATEST PODCAST: Mortgage lending changes and another rate cut

Join Alex Whitlock, Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Retirement lender passes on full RBA rate cut
8 July 2019
Retirees

A retirement lender has announced its decision to reduce interest rates in line with the Reserve Bank’s cash rate cut. 

APRA finalises mortgage lending reforms
5 July 2019
APRA finalises mortgage lending reforms

The prudential regulator has finalised its plans to amend its guidance relating to home loan serviceability assessments.

Major banks launch blockchain bank guarantee pilot
5 July 2019
Major banks launch blockchain bank guarantee pilot

Three of the four major banks have jointly launched a live pilot with IBM and Scentre Group to trial a new digital platform that uses blockchain technology to obtain and manage bank ...

Westpac lobbies for changes to expenses verification
4 July 2019
Westpac

The major bank has called on ASIC to consider amending its responsible lending guidance to reflect a borrower’s willingness to “make lifestyle adjustments” after securing a home loan

Lenders pass on fresh RBA cut
2 July 2019
Lenders pass on fresh RBA cut

The Reserve Bank’s second consecutive cut to the cash rate has elicited an immediate response from the mortgage market, prompting lenders to pass on the reduction to their mortgage customers

Lenders no longer able to earn commission on LMI
2 July 2019
mortgagebusiness

A new Banking Code of Practice – which calls on signatories to cease charging commissions on lenders mortgage insurance,  among other updates – is now in effect.