Lender

The prudential regulator has insisted that it has considered competition risks in the mortgage market when formulating proposed changes to the capital framework in the banking sector. 

The major bank has “simplified” its mortgage offering for first home buyers, introducing new owner-occupied products and withdrawing some of its fixed rate investment loans.

The ABS has reported an increase in housing finance commitments off the back of an “upside surprise” in the value of owner-occupied lending.  

It is the final week to provide feedback on APRA’s proposal to amend its guidance on serviceability assessments.

The Housing Industry Association is encouraged by the new housing minister’s commitment to improving housing supply.

The major bank will be required to remediate almost 5,000 additional home loan customers that were overcharged interest after it failed to properly link their loans to offset accounts.

Macquarie Bank, ING, and two customer-owned banks are among the lenders that have also now committed to passing on the RBA’s 25 basis point rate reduction to mortgagors, while Suncorp and ...

A former senior manager and a former manager at the major bank have been charged with fraud after allegedly misappropriating nearly half a million dollars from the bank’s internal accounts

Several lenders, including some of the major banks, have reduced their variable interest rates by 25 basis points following the RBA’s decision to reduce the cash rate to a new record low

A major bank and a non-major lender have successfully completed the sale of their insurance businesses, while AMP has delayed the commencement date of its new group CFO due to insurance sale ...