Lender

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

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

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

The major bank’s home loan portfolio has contracted for three consecutive months, with a cumulative fall of $1.9 billion, new APRA data has revealed.

The chief executive officer of Australia’s largest credit union is to step down from his role this year, after electing not to extend his five-year contract.

The major bank has revealed that its earnings are to be hit by an additional $522 million in customer-remediation costs.

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

The mortgage marketplace has announced the launch of a new conveyancing partnership designed to remove a “major pain point” in the home lending process.

The big four bank has created 15 dispute resolution principles for handling customer complaints and legal matters fairly. 

A new report released by ASIC has highlighted the continued growth of marketplace lending, with new borrowings increasing by 45 per cent year-on-year.