Lender

A flat fee paid by lenders to brokers is “worth looking at” and is “not an unreasonable proposition”, ANZ CEO Shayne Elliott has told the financial services royal commission.

Online financial assessment solution MOGOPLUS, which is believed to be Australia’s “first” expenses tool that meets the ePayments Code, has launched as an independent platform.

ANZ’s branch network is “not a terribly efficient” or “well used” avenue for mortgage origination, CEO Shayne Elliott has told the financial services royal commission.  

Challenger lenders pose no real threat to the major banks despite their aspirations to dismantle the long-standing oligopoly, according to a commissioner.

Funding law suits against the bank from NAB’s own customers would have produced better outcomes than ASIC-negotiated remedial action, the bank’s chairman has said. 

The financial services royal commission helped NAB recognise that it was swept by a “tide” that was deteriorating its culture, NAB CEO Andrew Thorburn has conceded.

A big four bank has announced that it has launched a “world-first”, certified investment product designed for investors seeking investments that address climate change.

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

Financial products, such as home loans, have not been keeping pace with evolving customer needs, according to a report that examined financial hardship applications.

The state government of Queensland announced that it would be offering grants and interest-free loans to encourage the transition to green energy.