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MA Financial acquires US credit asset manager

The firm is planning to expand its credit investment platform into the US and launch the new MA Global Private Credit Fund on the back of the acquisition.

Farewell to Citi’s mortgage distribution team

Matt Wood, the head of mortgage distribution at Citi, and several members of the third-party channel team have been made redundant following NAB’s acquisition of the banking business.

Digital bank reports lift in lending portfolio in 3Q23

BNK Banking Corporation Limited has provided a trading update for the third quarter of the 2023 financial year.

Non-bank lender recruits independent director

Firstmac has announced the appointment of former Westpac senior executive Craig Parker as its new independent director.

Winners of first-ever Mortgage Business Awards revealed

Over 20 members of the third-party channel were chosen as the winners of the inaugural Mortgage Business Awards.

Non-major bank hits ‘record month’ for digital home loans

A non-major bank has delivered another record month in digital home loans after approving over $60 million in loans.

Revealed: Who attracts the most complaints in mortgages?

New data has revealed which banks, aggregators, non-bank lenders, and mortgage brokers are seeing the greatest number of complaints from borrowers.

Major bank opens $1k cyclone grant

A major bank has opened applications for a $1,000 emergency grant to financially assist customers impacted by tropical cyclone Ilsa.

BOQ home lending growth plummets in 1H23

BOQ Group reported its total housing portfolio grew by just $0.2 billion in 1H23 results, marking a more than $2 billion drop when compared with 1H22, as mortgage lending slows.

AMP reports loan book growth for 1Q23

The non-major bank has released an update on its loan book growth for the first quarter of 2023.

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