Lender

To support self-employed borrowers, the lender has updated its loan sizes and documentation requirements on its products.

The lender will soon cease offering loans for the government’s Home Guarantee Scheme due to “operational factors”.

The new CEO of the major bank has revealed that returns on broker loans are “below the cost of capital” due to “price premiums” in the channel.

The ASX-listed lender has released its trading update for the third quarter of the financial year 2024.

The New Zealand bank has officially acquired the digital bank following approval from regulatory boards.

The growth rate of the major bank’s mortgage book doubled in March, APRA has revealed.

The non-bank lender has been targeted by hackers, with an “unauthorised third party” reportedly having accessed customer information.

The bank has transformed its home loan application system in the hopes of providing greater visibility and enabling faster approvals.

The major bank is increasing the amount of money its bankers can make on home loans, in a bid to stem the outflow of bankers to the broker channel.

The interim results of the Third-Party Lending Survey 2024 have shown that brokers believe the major banks are the frontrunners on tech when it comes to mortgages.