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Majors expected to ‘digest’ interest-only loan risks
8 March 2018
mortgagebusiness

A banking analyst is confident that Australia’s big four banks can weather the risks of interest-only loan expiries, the effects of regulatory changes and the impact of the royal commission

Inaugural Young Leaders in Finance Awards announced
8 March 2018
mortgagebusiness

As part of our continued dedication to championing financial services professionals, Momentum Media, publisher of Mortgage Business, is excited to announce a brand-new awards program for ...

CBA to refund customers after scrapping insurance products
7 March 2018
mortgagebusiness

Effective immediately, the major bank will end the sale of two of its insurance products and “proactively” refund affected customers.

ASIC to force lenders into involuntary liquidation
7 March 2018
mortgagebusiness

The financial services regulator has filed a court order that could force several car financiers into involuntary liquidation.

Ex-bankers launch online mortgage platform
7 March 2018
mortgagebusiness

Former senior bankers from NAB and St George have launched an online platform that allows lenders to bid against each other for the borrower’s loan.

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.