Lender

CBA facilitates 1,000 purchases under FHB scheme
30 April 2020
CBA facilitates 1,000 purchases under FHB scheme

The major bank has announced that 1,000 first home buyers have now finalised the purchase of their home under the FHLDS, with a further 2,400 promised a place in the scheme.

New virtual masterclass launches for brokers
29 April 2020
New virtual masterclass launches for brokers

Mortgage Business is launching its first ever virtual event – the Commercial Masterclass 2020 – teaching mortgage advisers how to survive, revive and regenerate their businesses during the ...

Westpac pencils in $1.6bn in new impairments
29 April 2020
Westpac

The major bank has written off $1.6 billion in impairments relating to the economic fallout from the COVID-19 outbreak.

NAB appoints new head of retail, launches capital raise
28 April 2020
NAB

The big four bank has announced two senior executive appointments, including a new head of retail, and has launched a $3.5 billion capital raise aimed at strengthening the bank’s funding ...

ANZAC Day commemoration sees auction volumes fall
28 April 2020
ANZAC Day commemoration sees auction volumes fall

The number of auctions held across the combined capital cities fell to 431 in the week ending 26 April, down from the 1,922 scheduled in the week prior, according to CoreLogic data.

New AI banking solution rolled out to accelerate SME finance
28 April 2020
New AI banking solution

Swiss software company Temenos has launched a range of new artificial intelligence models aimed at helping lenders onboard SMEs more quickly during the coronavirus pandemic.

LATEST PODCAST: Streamlining bridging loans for small businesses
27 April 2020
LATEST PODCAST: Streamlining bridging loans for small businesses

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

Non-majors downgraded amid default risks
27 April 2020
Non-majors downgraded amid default risks

Growing credit quality concerns have prompted ratings agency Moody’s to downgrade the issuer ratings and outlooks for several non-major banks.

Lumi launches new line of credit product
27 April 2020
Lumi launches new line of credit product

Fintech lender Lumi has released a new line of credit product after becoming the latest non-bank lender to be appointed to the government’s Coronavirus SME Guarantee Scheme.

Fifo stresses need for supply chain finance education
27 April 2020
Fifo stresses need for supply chain finance education

The lender has highlighted the need for better education around the utility of supply chain finance, following the release of the ASBFEO’s report into the product.