Lender

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.

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

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

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.

Westpac has announced rate increases to all of its variable home loan offerings, making it the first big four bank to adjust pricing amid rising funding costs.

Virgin Money is the latest lender to raise its interest rates for owner-occupier home loans.

NAB has announced the resignation of its chief operating officer and the appointment of a new acting group executive.

Consumer anxiety had risen “sharply” in Q2 of 2018 due to concerns around the economy and household finances, according to NAB’s Consumer Anxiety Index.

A non-major bank is expecting a rise in lending volumes as the typically blossoming spring season kicks in.

Lodex has enlisted the help of Lakeba Group to develop its blockchain-based peer-to-peer lending platform BLOCKLOAN.