Lender

The major bank’s home loan portfolio has contracted for three consecutive months, with a cumulative fall of $1.9 billion, new APRA data has revealed.

The chief executive officer of Australia’s largest credit union is to step down from his role this year, after electing not to extend his five-year contract.

The major bank has revealed that its earnings are to be hit by an additional $522 million in customer-remediation costs.

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

The mortgage marketplace has announced the launch of a new conveyancing partnership designed to remove a “major pain point” in the home lending process.

The big four bank has created 15 dispute resolution principles for handling customer complaints and legal matters fairly. 

A new report released by ASIC has highlighted the continued growth of marketplace lending, with new borrowings increasing by 45 per cent year-on-year.

The non-bank lender has announced that it has successfully priced its eighth $750 million residential mortgage-backed security.

Axsesstoday has entered into voluntary administration after senior lenders revoked their support for the business.

The major lender has announced mortgage rate changes for both owner-occupied and investment home loans.