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Macquarie mortgage push sees loan growth hit 17.5%
12 June 2018
loan growth, mortgage push

Macquarie Bank has been growing its owner-occupier home loans business more than twice as fast as the big four banks.

DomaCom obtains $100m private lending facility
11 June 2018
mortgagebusiness

The crowdfunding and fractional investment tech company announced obtaining a lending line to the tune of $100 million from private lenders.

Lender launches financial wellness program
11 June 2018
mortgagebusiness

A marketplace lender has launched a financial wellness program for businesses aimed at reducing financial stress in the workplace.

Westpac’s chief risk officer to retire
11 June 2018
mortgagebusiness

The major bank’s chief risk officer, Alexandra Holcomb, is to retire after 22 years with Westpac Group.

ANZ surprised by prolonged housing weakness
8 June 2018
ANZ surprised by prolonged housing weakness

The major bank has admitted that weakness in Australia’s housing market has persisted longer than it expected, and has also predicted prices to moderate further.

Westpac launches financial literacy program
6 June 2018
mortgagebusiness

The big four bank has partnered with school leavers platform Year13 to offer young Australians a free online financial literacy program.

Morrison says $700m CBA fine will pay RC ‘bills’
5 June 2018
Treasurer Scott Morrison, CBA, Royal Commission, federal government, shortage of bills, penalty

Treasurer Scott Morrison has said that the federal government has “no shortage of bills” and will use some of CBA’s $700 million penalty to pay them.

LATEST PODCAST: Irresponsible lending, DTI limits and foreign investment
4 June 2018
LATEST PODCAST: Irresponsible lending, DTI limits and foreign investment

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

CBA to pay $700m penalty in AUSTRAC case
4 June 2018
CBA to pay $700m penalty in AUSTRAC case

The big four bank has announced today that it will pay a civil penalty of $700 million after admitting to further contraventions of Australia’s Anti-Money Laundering and Counter-Terrorism ...

RC: Increasing responsible lending obligations ‘unnecessary’
4 June 2018
RC: Increasing responsible lending obligations ‘unnecessary’

The counsel assisting the financial services royal commission has put it to Commissioner Ken Hayne that he should not be open to consider increases to responsible lending obligations.