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Lender to ‘democratise’ mortgage process with AI
6 March 2018
mortgagebusiness

A new Australian mortgage provider will soon begin offering prime home loans through the third-party channel using a range of innovative technologies such as artificial intelligence.

NAB develops mortgage for ‘world-first’ co-ownership platform
6 March 2018
mortgagebusiness

The major bank has developed a new mortgage product in partnership with a co-ownership platform, positioning the product as a potential solution to Australia’s housing affordability crisis

Scrapping LMI would lift rates ‘materially higher’: Suncorp
5 March 2018
mortgagebusiness

A Suncorp executive has stressed the importance of lenders mortgage insurance for the first home buyer market, claiming that interest rates would “go up materially” without the added fee

CBA announces board changes
5 March 2018
mortgagebusiness

The major bank has appointed a new director to its board and announced the retirement of a current board member.

Pepper-backed offshore lender launches non-resident mortgages
5 March 2018
mortgagebusiness

A new offshore lender backed by a consortium of major investors has entered the Australian mortgage market and started funding non-resident mortgages.

Former NAB exec warns of ‘tsunami of change’ in mortgages
2 March 2018
mortgagebusiness

A former major bank executive and founder of a new Australian mortgage provider believes that the banking establishment is not equipped with the tools to survive a “massive” wave of change ...

New mortgage lender set to disrupt local market
1 March 2018
mortgagebusiness

A handful of mortgage industry veterans have launched a new innovative home loan provider that will harness blockchain technology and allow mortgage brokers to brand their own mortgages.

Former PM joins ANZ board
28 February 2018
mortgagebusiness

ANZ has announced the appointment of a former prime minister to its board, effective immediately.

Non-major’s volumes down by 29% following APRA curbs
27 February 2018
mortgagebusiness

A mutual bank has pointed to APRA’s “blunt” lending curbs as a primary driver of lower volumes over the six months to December 2017.

US investment firm acquires Bluestone APAC business
27 February 2018
mortgagebusiness

Private investment firm Cerberus Capital Management, L.P. has acquired specialist lender Bluestone Mortgages Asia Pacific (Aus and NZ) for an undisclosed sum.