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Fewer high-DTI loans being written

The proportion of loans with debt-to-income ratios of six times or more has fallen for the second quarter in a row, according to APRA.

Fewer high-DTI loans being written
CBA appoints former Westpac CEO to board of directors

Former Westpac institutional bank chief executive Lyn Cobley has joined the Commonwealth Bank of Australia’s board of directors.

CBA appoints former Westpac CEO to board of directors
New CEO and COO announced at Prime Capital

Pepper Money’s Malcolm Withers has been named the new chief commercial officer of Prime Capital, succeeding Steve Sampson, who will become CEO.

New CEO and COO announced at Prime Capital
Offset account usage grows, CBA data reveals

The use of mortgage offset accounts has continued to rise according to recent Commonwealth Bank research.

Offset account usage grows, CBA data reveals
Digital innovation will ‘radically disrupt’ the industry: ANZ chair

The chair of ANZ has warned the fast-paced digital innovation across the financial services will disrupt the industry.

Digital innovation will ‘radically disrupt’ the industry: ANZ chair
Pepper prices $1.25bn securitisation

The non-bank lender has priced a $1.25 billion residential mortgage-backed security transaction, its sixth for 2022.

Pepper prices $1.25bn securitisation
NAB to support implementation of ‘ConnectID’

NAB has announced its support for the creation of a digital identity ecosystem to streamline identity validation and to further protect Australians against fraud.

NAB to support implementation of ‘ConnectID’
Business lending growth outpaces mortgages at the banks

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.

Business lending growth outpaces mortgages at the banks
New non-exec director recruited to Bendigo and Adelaide Bank board

Bendigo and Adelaide Bank Limited has appointed Alistair Muir as a non-executive director.

New non-exec director recruited to Bendigo and Adelaide Bank board
Liberty mortgage originations rise 28% to hit new record

New residential mortgage originations hit a new record of $3.9 billion in the last financial year, the non-bank lender has revealed.

Liberty mortgage originations rise 28% to hit new record
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