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Industry welcomes new MFAA CEO

Members of the broking industry have welcomed the appointment of Anja Pannek as the new chief executive of the Mortgage & Finance Association of Australia.

Industry welcomes new MFAA CEO
Major bank distributes another $2m to flooding appeal

A big four bank has distributed a further $2 million in funding to support flood victims across Australia’s east coast.

Major bank distributes another $2m to flooding appeal
AMP reports 9% rise in home lending

The banking arm of AMP saw its residential mortgage book increase to $22.4 billion, or 9 per cent, in the first half of its financial year.

AMP reports 9% rise in home lending
Financial hardship pressures increasing

While the majority of NAB customers are ahead on their home loans, 1 in 5 has felt financially stressed in the last 90 days, a bank survey has found.

Financial hardship pressures increasing
CBA home lending ticks up in FY22

Commonwealth Bank of Australia has reported home lending grew by 7.4 per cent over the financial year 2022, but slowed in the latter half amid rate rises. 

CBA home lending ticks up in FY22
AFG Securities announces plant-a-tree initiative

The aggregation group has committed to planting one tree for every new home loan funded by its lending arm.

AFG Securities announces plant-a-tree initiative
NAB reports lift to lending, deposits following Citi acquisition

The bank has released its June quarter results, reporting a lending and deposit boost in the wake of its deal with the lender.

NAB reports lift to lending, deposits following Citi acquisition
Latitude sheds insurance business

The non-bank group has announced it will sell its insurance business, Hallmark, which would inject $20 million into its core business.

Latitude sheds insurance business
Major banks to shutter another 37 branches

The Finance Sector Union is calling on government to intervene in the bank branch “crisis”, after the big four move to close another 37 branches.

Major banks to shutter another 37 branches
Lenders move to pass on RBA rate hike

Lenders have begun to respond to August’s 50-bp lift, with all of the big four banks passing on the full rate.

Lenders move to pass on RBA rate hike
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