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LATEST PODCAST: Broker commission changes, changes to low doc lending and the Deloitte mortgage report 2018
9 July 2018
LATEST PODCAST: Broker commission changes, changes to low doc lending and the Deloitte mortgage report 2018

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

New findings of alleged ANZ misconduct
9 July 2018
New findings of alleged ANZ misconduct

The counsel assisting the financial services royal commission has alleged that ANZ may have engaged in eight instances of misconduct and several instances of conduct falling below community ...

ANZ admits dealings with Indigenous customer were ‘not good enough’
9 July 2018
mortgagebusiness

One of the latest cases to be heard in the banking royal commission is that of an Indigenous Australian customer who was charged fees she could not afford for an ANZ bank account she had not ...

Lender sees personal loan originations double
6 July 2018
mortgagebusiness

A marketplace lender has seen personal loan originations double in the second half of the financial year as it broadens its reach across the broker channel.

Mortgage heavyweights reveal biggest fears for home lending
6 July 2018
mortgage, falling property market

Prudential policy decisions, a 50 per cent hike in servicing costs, a falling property market and “cherry-picking” clients are some of the main concerns for the mortgage industry’s decision ...

Two former NAB employees banned for loan fraud
5 July 2018
Two former NAB employees banned for loan fraud

The financial services regulator has permanently banned two former employees of National Australia Bank for “recklessly” giving the bank “false payslips, letters of employment, bank ...

CBA pulls out of low doc lending
4 July 2018
CBA pulls out of low doc lending

The Commonwealth Bank of Australia has announced that it will remove low documentation features on all new home loans and line of credit applications from 29 September, as it continues its ...

ASIC seeks to bring in new lending criteria for credit cards
4 July 2018
ASIC seeks to bring in new lending criteria for credit cards

Following a review of credit card lending in Australia, the regulator is looking to update responsible lending assessments so that credit cards would be deemed “unsuitable” if the limit ...

CBA cuts executive remuneration by $60m
3 July 2018
CBA cuts executive remuneration by $60m

The major bank has confirmed that the Australian Prudential Regulation Authority has endorsed its plan to address its governance issues, which includes a move to cut executive pay by $60 ...

CBA served with another shareholder class action
2 July 2018
Commonwealth Bank of Australia

The major bank has said that it will “vigorously defend” a new class action proceeding being brought against it on behalf of some of its shareholders.