Lender

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, ...

Refinancing: How to get approval in a tougher credit environment
2 December 2019
Refinancing: How to get approval in a tougher credit environment

Over the past 12 months, the finance industry has been through significant upheaval. The banking royal commission, stricter responsible lending guidelines from ASIC and the introduction of ...

Westpac woes continue as it fails to ‘get mortgages going’
2 December 2019
Westpac

The embattled major bank has recorded a multibillion-dollar contraction in its home lending portfolio, with volumes falling via both its owner-occupied and investor segments.

Macquarie’s market share propelled by turnaround times
2 December 2019
Macquarie

The non-major bank has attributed growth in its share of the mortgage market to a targeted effort to reduce processing times for home loan applications.

Westpac makes more changes to leadership team
2 December 2019
Board room

The major bank has continued to reshuffle its executive team in the aftermath of revelations that it contravened anti-money laundering and counter-terrorism financing laws.