Lender

A mutual bank has launched a new shared equity agreement for parents acting as guarantor for their children, in a bid to address the “legal, financial and emotional challenges” of the ...

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

With the financial services royal commission now having closed its seventh round of hearings, we take a look at some of the recent developments and next steps.

As we enter the last month of the calendar year, more lenders have announced changes to broker commission off the back of the Combined Industry Forum recommendations.

The result of a shareholder vote to determine the outcome of a $630 million takeover bid for a lender has been announced.

A commissioner from the Productivity Commission has rebutted calls for new entrants to become stakeholders in the NPP, implying that it might not be effective in boosting competition.

The underlying profits of Australia’s mutual banks, credit unions and building societies have increased as competition in the mortgage market intensifies.

A flat fee paid by lenders to brokers is “worth looking at” and is “not an unreasonable proposition”, ANZ CEO Shayne Elliott has told the financial services royal commission.

Online financial assessment solution MOGOPLUS, which is believed to be Australia’s “first” expenses tool that meets the ePayments Code, has launched as an independent platform.

ANZ’s branch network is “not a terribly efficient” or “well used” avenue for mortgage origination, CEO Shayne Elliott has told the financial services royal commission.