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NAB scraps fees in ‘clean-up program’
30 September 2019
NAB

National Australia Bank has announced that it is removing more than 100 fees from across its products and services, as part of a “fee clean-up program”.

Treasurer calls for ‘common sense’ in lending space
27 September 2019
Josh Frydenberg

Commonwealth Treasurer Josh Frydenberg has stressed the need for home lending practices that don’t curb the “aspirations of hard-working families” by further limiting access to credit

NAB supplies fintech with $57m loan facility
26 September 2019
NAB

A fintech lender has secured a $57-million warehouse facility from NAB, as part of the major bank’s commitment to supplementing the growth of “high-potential” start-ups.

Majors to hold off on further changes to serviceability rates
25 September 2019
NAB CBA Westpac ANZ

ANZ, the Commonwealth Bank and NAB have revealed that they have no immediate plans to lower their serviceability rates further, despite Westpac’s decision to revise its interest rate floor ...

LATEST PODCAST: The economics of mortgage broking
23 September 2019
LATEST PODCAST: The economics of mortgage broking

Join Alex Whitlock, Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Asset finance lender welcomes sale to Cerberus
23 September 2019
Asset finance lender welcomes sale to Cerberus

Equipment finance lender Axsesstoday has completed a $260-million sale of most of its business and subsidiaries to an affiliate of Cerberus Capital Management LP.

DTI lending caps touted as future credit curbs
20 September 2019
Cameron Kusher

Regulators could move to set caps on loan volumes for borrowers with high debt-to-income ratios if the housing market recovery continues to accelerate, according to analysts.

ASIC defends lending remit amid legal ‘uncertainty’
19 September 2019
Tim Gough

ASIC has defended the utility of its responsible lending guidance amid court rulings that have called into question current compliance practices. 

Lender launches 95% LVR loan for FHBs
18 September 2019
Better Choice Home Loans

Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property market.

Mutual banks’ lending growth outpaces majors
17 September 2019
Growth

Customer-owned banking institutions wrote $6.6 billion in the 2019 financial year, up 7.8 per cent from the previous year and outpacing growth from the major banks.