Lender

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.

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.

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.

The central bank has urged borrowers to “shop around” for a lower rate amid new data that sheds light on the interest rate gap between new and existing customers.  

The fintech has shed light on its long-term strategy in the mortgage market following the launch of its new enterprise business. 

The fintech lender has officially rolled out a new service for banks and brokers designed to improve efficient and responsible lending compliance in the mortgage application process.

The challenger bank has launched its third round of capital raise, with the aim of raising $400 million to fund its national expansion.

The property research group has announced the appointment of a former ANZ head as its new general manager of banking and finance.

A fintech firm fully owned by the Commonwealth Bank has released an app that looks to simplify the process for customers buying a home.

The Commonwealth Bank’s home loan portfolio growth has far exceeded its major competitors, while Westpac’s woes persist, new APRA data has revealed.