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CBA to pay $20m for ‘attempting’ to affect BBSW
11 July 2018
CBA to pay $20m for ‘attempting’ to affect BBSW

The Commonwealth Bank of Australia has agreed to pay $15 million to the benefit of the community and $5 million in legal costs for “ attempting to engage in unconscionable conduct” in ...

Lending crackdown and further curbs to cap property prices
11 July 2018
lending, mortgage market, property prices, lending restrictions, housing price growth

Increased lending restrictions and higher interest rates have been the catalysts of change in local investor sentiment and are set to cap housing price growth nationwide, according to a new ...

NAB provides $50m funding facility to SME lender
10 July 2018
NAB provides $50m funding facility to SME lender

NAB has set up a $50 million special purpose vehicle with SME lender GetCapital to help fund more loans to small business.

Major bank launches drought relief package
10 July 2018
mortgagebusiness

A big four bank has announced a range of initiatives to support customers affected by drought in NSW and Queensland which include the suspension of loan repayments and the waiving of fees.

CCR and risk-based pricing posing problems for lenders
10 July 2018
mortgagebusiness

A Deloitte partner has warned that comprehensive credit reporting and open banking could have broader implications for higher-risk customers and the strategic options for those that lend to ...

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 ...