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Lender halts trading ahead of ‘possible’ takeover
21 September 2018
ASX, lender, trading, takeover bid

An ASX-listed financier has halted trading pending a “material announcement”, which is expected to relate to a takeover bid.

CBA withdraws from SMSF lending
18 September 2018
CBA, Commonwealth Bank of Australia, SMSF lending, SuperGear lending product

The Commonwealth Bank of Australia has become the latest major bank to withdraw from self-managed super fund lending, announcing that it will pull its SuperGear lending product from next ...

Credit union’s profits driven by 6.9% growth in residential lending
18 September 2018
mortgagebusiness

A customer-owned lender has reported a net profit after tax of $32.2 million, off the back of its “success in residential lending”.

LATEST PODCAST: Upheaval at the major banks
17 September 2018
Mortgage podcast

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

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.