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N1 Holdings secures $10m commercial lending war chest
9 May 2019
Cash

The property services firm has announced that it has secured $10 million in capital to fund its commercial lending activities.

Margin squeeze to persist as majors tackle credit ‘headwinds’
8 May 2019
Westpac CBA NAB ANZ

The big four banks have collectively reported a 12 per cent hit to their underlying profits, with “headwinds” expected to persist amid continued weakness in the credit space, according to an ...

Rate cuts not the solution: Westpac CEO
7 May 2019
Westpac

Interest rates are “not the problem”, Westpac CEO Brian Hartzer has said, calling for a holistic regulatory approach to subdued market conditions, amid a 24 per cent slide in the group’s ...

‘Entirely digital mortgage process’ launched in NSW
7 May 2019
Fintech Network

A new platform offering an “entirely digital mortgage process” can now be used by home buyers in NSW.

LATEST PODCAST: Major bank profits take a hit
6 May 2019
Mortgage Business Uncut, podcast

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Macquarie bucks trend with 18% mortgage growth
6 May 2019
Macquarie building

The non-major lender has outshined its competitors, reporting stronger growth over the past 12 months than in the previous corresponding period.

NAB profits up despite $525m remediation hit
3 May 2019
Phillip Chronican

The big four bank has slashed its dividend to shield its bottom line from further customer-related remediation charges associated with the banking royal commission.  

Contraction in mortgage market a ‘conscious decision’: ANZ CEO
2 May 2019
ANZ CEO Shayne Elliot

The major bank has reported a $10 billion drop in home loan volumes over the past six months, which CEO Shayne Elliott said was driven by both “conscious” decisions and “clumsy” mistakes

APRA looks to broaden non-bank lending data collection
2 May 2019
Australian Prudential Regulation Authority (APRA)

The prudential regulator has released a letter addressed to non-bank lenders proposing changes to the data collection regime.

Lender takeover approved by members
1 May 2019
Lender takeover approved by members

An overwhelming majority of bank members have voted in support of a non-bank’s proposal to acquire another lender.