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ANZ exec expects pain when cash rate climbs

Two big four banks have expressed concerns for home loan customers who have never experienced a rate rise, as the market is anticipating the first hike in 12 years.

ANZ exec expects pain when cash rate climbs
Heartland’s lending growth slows, as credit reforms pinch

Despite announcing “pleasing” growth in reverse mortgage lending and home loans for 1H 2022, Heartland predicts tightening credit regulations will continue to impact lending volumes in 2022

Heartland’s lending growth slows, as credit reforms pinch
ANZ exec blasts banks folding under price wars

The retail and commercial head at the major bank has criticised “silly pricing” in the home loan market resulting from intense competition.

ANZ exec blasts banks folding under price wars
House prices expected to flatten by May

As Australia’s housing market begins to show clear signs of slowing, amid tightening conditions, Westpac economists are predicting a drop in house prices sooner than expected.

House prices expected to flatten by May
COG eyes growth through acquisitions

The financial services group has announced a new acquisition and secured a $31 million facility from a major bank to continue its “acquisition-led strategy”.

COG eyes growth through acquisitions
Challenger looks to launch lender

Fund manager Challenger has revealed it is exploring a joint venture, which would establish a new non-bank lender.

Challenger looks to launch lender
LATEST PODCAST: The mortgage industry’s election wish list

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

LATEST PODCAST: The mortgage industry’s election wish list
Making news this week (ending 18 February)

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

Making news this week (ending 18 February)
Latitude Group to purchase Humm Consumer Finance

The transaction will see hummgroup continue its commercial business pivot, shedding its BNPL, instalment and credit card operations to the non-bank. 

Latitude Group to purchase Humm Consumer Finance
Call for brokers to assess lenders in survey

Mortgage Business has launched its annual survey for brokers to assess the performance of Australia’s mortgage lenders, which will provide both brokers and lenders with insights.

Call for brokers to assess lenders in survey
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