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Fintech invests in lending marketplace
14 December 2018
mortgagebusiness

A loans and deposits marketplace has announced that it has secured capital investment from Lakeba Group.

High LVR lending falls to ‘record low’
13 December 2018
High LVR lending falls to ‘record low’

The decline in the banks’ risk appetite has been highlighted by the latest statistics from APRA, with low-deposit, low-doc and interest-only lending falling sharply.  

Tighter credit stifling auction activity: ANZ Research
13 December 2018
mortgagebusiness

Stricter credit criteria imposed by the banks off the back of regulatory scrutiny has inhibited prospective home buyers from taking risks at auctions, according to ANZ Research.

CBA’s bottom line takes additional $220m hit
13 December 2018
mortgagebusiness

The major bank has revealed that it will fork out an additional $220 million in costs associated with its mis-selling of insurance products, the demerger of its mortgage broking and wealth ...

ACCC accuses majors of ‘synchronised’ revenue grab
12 December 2018
Putting money

APRA’s cap on interest-only lending served as a “convenient focal point” for the major banks to engage in “synchronised” mortgage pricing activity that undermined competition, the ACCC has ...

New housing finance body appoints inaugural CEO
12 December 2018
mortgagebusiness

The newly established National Housing Finance and Investment Corporation has announced the appointment of its inaugural chief executive officer.

Bank pulls high LVR home loan product
11 December 2018
mortgagebusiness

A bank has announced that it will no longer process home loan applications with loan-to-value ratios above 95 per cent in a bid to “rebalance its portfolio” amid strong demand for the ...

Neo-lender looks to become bank in 2019
11 December 2018
mortgagebusiness

A new digital lender has said it expects to receive its full banking licence in the first quarter of 2019 and will launch with deposits, followed by mortgages.

LATEST PODCAST: Changing faces and bank growth slowdown
10 December 2018
LATEST PODCAST: Changing faces and bank growth slowdown

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

AMP launches financial literacy platform
10 December 2018
mortgagebusiness

The financial services giant has announced the launch of a new website designed to serve as a “one-stop shop” for financial education.