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Lenders committed to CCR regardless of legislation approval
17 September 2018
mortgagebusiness

The remaining three major banks will be accompanying NAB as participants of the comprehensive credit reporting regime by the end of this month, the chair of ARCA has confirmed.

Foreign-backed lender to target ‘orphaned’ borrowers
14 September 2018
Target, borrowers, lender, foreign lenders, Brighten Home Loans

A non-bank lender supported by international banks has secured $500 million in funding as it aims to exert its presence in the Australian mortgage market by appealing to borrowers that have ...

CBA announces new board appointment
13 September 2018
mortgagebusiness

The major bank has appointed the former managing director and CEO of BlueScope Steel to its board of directors.

PM applauds NAB’s rate inaction
11 September 2018
NAB, rate inaction, Prime Minister Scott Morrison, variable home rates, loan rates

Prime Minister Scott Morrison has welcomed the major bank’s decision to keep its variable home loan rates on hold in order to “rebuild the trust” of its customers.

LATEST PODCAST: Responsible lending back in the spotlight
10 September 2018
LATEST PODCAST: Responsible lending back in the spotlight

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

Mortgage ‘misstatements’ higher among majors: UBS
10 September 2018
home loans, mortgage, UBS

Home loans submitted to major banks contain a higher number of reported misstatements than mortgages lodged to smaller lenders, according to the latest UBS research.

More majors pull interest rate trigger
6 September 2018
Westpac, ANZ, CBA, interest rate, variable rate home loan

Two more majors have announced that they will increase interest rates on their owner-occupier and investment home loan offerings, following Westpac’s 14 basis point hike last week.

Non-major appoints former NAB exec to board
6 September 2018
mortgagebusiness

A regional bank has appointed Telstra’s executive director, strategy and business, to its board.

Kogan.com partners with lenders to launch mortgages
4 September 2018
Kogan.com, online retailer, mortgage market, Adelaide Bank, Pepper group

Online retailer Kogan.com recently revealed that it has joined forces with two lenders to support its entry into the mortgage market.

Bank rate hikes ‘reasonable’ despite ‘unusual’ market: ANZ
3 September 2018
rate, increase, hike, ANZ

The combination of rising mortgage rates and falling property prices is “unusual” but is “unlikely” to impact the outlook for household consumption, according to one ANZ economist.