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Westpac leadership fronts disgruntled shareholders
13 December 2019
Westpac leadership fronts disgruntled shareholders

The major bank has renewed its commitment to restoring the trust of its disgruntled shareholders amid ongoing scrutiny over its risk and compliance practices in light of the AUSTRAC scandal

AUSTRAC scandal cost Westpac millions in capital
12 December 2019
Westpac

Thousands of speculators have pulled their investments in new Westpac shares in response to AUSTRAC’s investigation into the bank’s alleged breaches of anti-money laundering laws.

NHFIC loans total $900 million for community housing
12 December 2019
Money

The Affordable Housing Bond Aggregator has delivered its largest loan to date, bringing the total amount of funds loaned through the housing finance corporation to $900 million.

ASIC issues guidance for lending to ‘mortgage prisoners’
11 December 2019
ASIC

The regulator has outlined the “reasonable steps” that lenders and brokers should take when assisting “mortgage prisoners” looking to refinance.

ASIC releases new responsible lending guidance
9 December 2019
ASIC releases new responsible lending guidance

The corporate regulator has published the revised version of its long-awaited responsible lending guidance.

Macquarie embeds CCR, revamps home lending process
6 December 2019
Macquarie

The non-major has revised its credit policy to facilitate the integration of its comprehensive credit reporting regime.

Lender hikes rates to ‘improve processing times’
5 December 2019
Citibank

A non-major has increased mortgage rates for both new owner-occupier and investor borrowers by up to 25 bps, in a bid to enhance turnaround times.

New eligibility tool launches for FHB deposit scheme
5 December 2019
New eligibility tool launches for FHB deposit scheme

The NHFIC has launched an online questionnaire to help first home buyers assess their eligibility for the government’s first home loan deposit scheme.

Spotlight: Diversifying revenue streams by accessing commercial lending specialists
4 December 2019
Matthew Johnson, Thomas Cranfield

Mortgage Business Spotlight: Delving into all facets of the services and products available to mortgage brokers.

Former lender CEO facing criminal charges
3 December 2019
Former lender CEO facing criminal charges

The former director and chief executive officer of a credit union has appeared in court facing criminal charges relating to alleged breaches of the Corporations Act and Criminal Code, ...