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Unemployment biggest driver of mortgage stress: CBA

Unemployment has been cited as one of the main reasons behind mortgage stress, according to CBA’s chief executive.

Westpac eyes high DTI borrowers

Westpac’s chief executive has said borrowers “need to engage” with the bank when a broker is not involved.

NAB ‘pleasantly surprised’ at low defaults rate

While arrears rates are starting to tick up, the chief executive of the major bank has said he is ‘pleasantly surprised’ that they are still below pre-COVID-19 levels.

Reducing buffer won't materially help customers: ANZ

The major bank has maintained that APRA's serviceability buffer of 3 per cent is appropriate.

In Memoriam: Craig ‘Bakes’ Bacon, 1967–2023

Craig ‘Bakes’ Bacon, an instrumental player in building the electronic gateway to allow brokers to lodge loans electronically, has passed away suddenly at the age of 55.

RBA assistant governor appointed to Westpac

The major bank has announced Luci Ellis has been appointed as chief economist.

LATEST PODCAST: Will ANZ change its buffers?

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

Only 1 remaining major to tweak buffers

After NAB announced it will bring in buffer exceptions, ANZ remains the outlier of the big four banks.

Resimac’s Rodney Cottam runs 500km in 5 days

Resimac’s regional sales manager has crossed the finish line in Sydney after running a huge 500km in five days for Invictus Australia.

MyState Bank announces new head of lending

The Tasmania-based lender has appointed a new general manager for lending to lead its broker distribution, retail home lending and end-to-end lending operations.

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