Lender

Two customer-owned lenders have announced that they intend to merge, with member votes expected later this year.

As a broker-only brand built purely for supporting brokers in niche lending, Granite offers an innovative SMSF product with features that set it apart from competitors.

A book of approximately NZ$1.4 billion prime New Zealand mortgages have been bought by the non-bank lender from HSBC.

Australia’s banks issued just under $3 billion in owner-occupied mortgages in July, two thirds less than the month before, according to new data.

After achieving its strongest-ever loan book growth in the financial year 2023, partly driven by brokers, the lender has said it will look to achieve ‘modest growth’ in FY24.

The non-bank has priced a $850 million residential mortgage-backed security transaction, which will be used to support its non-conforming mortgage business growth.

In an open letter to 30 large lenders, the corporate watchdog has urged them to step up their support for customers grappling with financial hardship.

The non-bank lender has said it is targeting $1 billion in asset finance settlements in the financial year 2024, along with greater operational efficiency and digital transformation.

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

The major bank has announced it has filed an application for the Australian Competition Tribunal to review ACCC’s acquisition denial.