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SME lender terminates CFO
28 February 2019
mortgagebusiness

Axsesstoday’s chief financial officer has been terminated by the lender’s newly appointed chief executive, who is now on the hunt for a permanent replacement.

Bendigo launches fully digitised home loan
27 February 2019
Bendigo Bank

The non-major lender has announced the launch of a fully digitised mortgage product, powered by fintech platform Tic:Toc.

CBA’s group general counsel to retire
26 February 2019
Anna Lenahan

The Commonwealth Bank of Australia’s group general counsel, who played a “critical role” in the bank’s AUSTRAC, BBSW, APRA inquiry and royal commission challenges, is to retire later this ...

Can responsible lending help save the broking industry?
25 February 2019
Can responsible lending help save the broking industry?

Although the banking royal commission’s recommendations criticised home loan broker commissions, the complexity of obtaining home loans may make the service brokers provide borrowers even ...

Non-bank lender names new general manager
25 February 2019
Natalie Sheehan

Resicom has announced the appointment of Natalie Sheehan to the role of general manager.

Westpac slapped with class action over mortgage approvals
22 February 2019
Gavel

A class action suit has been filed against the major bank for allegedly approving home loans outside serviceability.

Outgoing NAB boss to receive $1m payout
22 February 2019
NAB

The major bank has revealed that its outgoing chief executive will receive a $1 million payout, but will lose out on unvested awards.

Bank revises home lending policy
22 February 2019
Teachers Mutual Bank

A non-major lender has announced a number of credit policy changes, including the addition of a maximum debt to income ratio.

Royal commission a ‘non-event’ for the mortgage industry
22 February 2019
Royal commission a ‘non-event’ for the mortgage industry

Commissioner Hayne’s investigation into the efficiency and prudential effectiveness of mortgage lending was “clearly a non-event”, according to a chief economist.

ANZ puts Hayne recommendations into effect
21 February 2019
Shayne Elliot

The major bank has revealed the raft of changes it will initially make in response to Commissioner Hayne’s recommendations, including no longer charging default interest to drought-stricken ...