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Mortgage commitments down 4.4% in December
13 February 2019
Mortgage

The value of total home loan commitments fell by 4.4 per cent over the month in December, according to the latest ABS data.

Lenders announce out-of-cycle rate changes
13 February 2019
mortgagebusiness

A major bank and its subsidiaries, along with Macquarie Bank, have changed interest rates on a range of loans for both owner-occupiers and investors.

CBA removes banking fees for SMEs
12 February 2019
CBA

The Commonwealth Bank of Australia has committed to a series of decisions geared towards making small business lending and banking easier and more transparent.

NAB has a ‘mountain to climb’, concedes chairman
11 February 2019
Ken Henry

Outgoing NAB chairman Ken Henry has acknowledged that the bank has a “long way to go” before it can meet the expectations of all of its customers.

UBank launches AI mortgage application assistant
11 February 2019
UBank

A new artificial intelligence-powered mortgage application assistant will soon be able to answer customer questions in natural language, UBank has announced.

RBA weighs in on RC recommendations
8 February 2019
Philip Lowe

Commissioner Hayne’s recommendations concerning the provision of credit have been described by the RBA governor as “balanced and sensible”, with the central bank’s chief also providing his ...

CBA profits up, brokers drive lending growth
7 February 2019
CBA

The major bank has posted steady results for the first half of 2019 against a backdrop of slowing market conditions and public scrutiny from the banking royal commission.

Hayne questions why bill doesn’t cover all credit products
7 February 2019
Kenneth Hayne

Commissioner Hayne has implied in his final report that the design and distribution obligations proposed under a new Treasury bill should be applicable to all credit products.

Former Citibank exec joins P2P lender
7 February 2019
Melissa cicero Societyone

A peer-to-peer lender has announced the appointment of a former Citibank executive as its chief marketing officer.

Health Professionals Bank launches into broker channel
6 February 2019
mortgagebusiness

Teachers Mutual Bank Limited has announced the launch of its fourth brand, Health Professionals Bank, into the broker channel.