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Why I write 100pc of my loans with non-bank lenders

I was fortunate enough when starting out as a mortgage broker back in October 2005 that my mentor was a mortgage originator and broker whose sole focus and training was for a non-bank ...

Nathan Daniell, loans, non-bank lenders
Smaller lenders cry foul over ‘anti-competitive conduct’

Australia’s big four banks have been accused of scaremongering over proposed changes to lending rules.

mortgagebusiness
NAB and ANZ reserve judgement on risk weighting

Two major banks have delivered an underwhelming response to one of the key recommendations of the Financial System Inquiry.

mortgagebusiness
ANZ: ‘We are at a tipping point’

ANZ’s Mike Smith has addressed shareholders at the bank’s annual general meeting in Melbourne.

mortgagebusiness
Mortgages ‘not moving fast enough’ says lender

A non-bank lender has remarked that the industry has barely changed since the GFC and is not moving fast enough to drive competition.

mortgagebusiness
NAB sells £1.2 billion of high risk mortgages

NAB has announced it will sell an additional £1.2 billion parcel of higher risk loans from its UK Commercial Real Estate (CRE) portfolio to an affiliate of Cerberus Global Investors ...

mortgagebusiness
Majors could be forced into credit reporting

ME Bank chief risk officer Carlo Cataldo is confident the government will force the majors to participate in comprehensive credit reporting (CCR).

mortgagebusiness
Industry bodies clash over SMSF lending

The FBAA has taken issue with the MFAA’s support of SMSF lending following the Financial System Inquiry's (FSI's) recommendation to scrap limited recourse borrowing arrangements (LRBAs).

mortgagebusiness
Packer-backed lender welcomes FSI proposals

Australian peer-to-peer (P2P) lender SocietyOne has been encouraged by the FSI’s recommendations to facilitate technology-driven innovation.

mortgagebusiness
Aussie John welcomes lending investigation

Aussie founder John Symond has revealed his stance on a widespread investigation into interest-only loans and high LVR lending among Australian banks.

mortgagebusiness
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