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APRA right to ‘turn up the dial’ on lending standards

Industry figures have backed the regulator’s increased surveillance of mortgage activity but dismissed concerns about lax standards.

mortgagebusiness
Slow uptake of comprehensive credit reporting

Comprehensive credit reporting was introduced in Australia more than 12 months ago. With it came the opportunity for credit providers to see a more complete picture of borrowers than ever ...

Andy Sheehan
Nation’s largest lender under margin pressure

A report on Australia’s biggest bank has found it will face ongoing margin pressure after its quarterly trading figures came in below system growth.

mortgagebusiness
Westpac acknowledges broker success

Westpac Bank has praised Vow Financial after the aggregator recorded one of the highest conversion rates with the lender.

mortgagebusiness
Big four bank boosts mobile lending network

A major Australian bank has bolstered its network of mobile loan writers and grown mortgage lending above system for the fifth consecutive year.

mortgagebusiness
Westpac lending concerns ‘overdone’

Morningstar has argued that Westpac’s successful mortgage strategy is a “core strength”, not a “key weakness” as certain commentators have claimed.

mortgagebusiness
ANZ to sell off $8.3bn lending business

ANZ has decided to sell its motor dealer finance group so it can focus on its own branded products.

mortgagebusiness
Westpac appoints new director

Westpac has announced the appointment of Craig Dunn as its independent non-executive director.

mortgagebusiness
YBR and Homeloans comment on merger reports

Yellow Brick Road and Homeloans have both responded to media reports of a merger.

mortgagebusiness
SME confidence steady: NAB

SME conditions and confidence was largely unchanged in Australia over the March quarter.

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