Powered by MOMENTUM MEDIA
Broker Daily logo

Lender

Westpac pulls out of SMSF loans
16 July 2018
Westpac bank, SMSF loans

A big four bank has announced that, by the end of this month, it will no longer offer self-managed super fund loans for new consumer or business lending.

Personal loan commitments fell by 4.5% in May
16 July 2018
mortgagebusiness

The value of total personal finance commitments fell by 4.5 per cent in May, the latest ABS data has revealed.

Housing finance sentiment ‘worst on record’: ANZ
13 July 2018
mortgagebusiness

Outlook on the availability of credit is the lowest on record and is driving a weakness in the housing market that could “increase the economy’s vulnerability to shocks”, according to ANZ

Moody’s endorses credit card lending reform
11 July 2018
Moody’s endorses credit card lending reform

The ratings agency has endorsed a proposal by ASIC to impose credit card lending limits designed to reduce debt risks and improve lending standards.

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.