lender

While a “competitive backdrop” leached away at its profit margin, the group secured $2.1 billion in new home loans over the six months to December.

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.

New research has found a quarter of consumers believe now is the time to buy a home, while 13 per cent have plans to purchase over the next year.

In two separate mergers, Greater Bank and Newcastle Permanent have officially merged, as have Heritage Bank and People’s Choice.

Around half of consumers have indicated they would consider a green home loan if the price was right, a new survey has found.

Lenders have indicated they do not have access to data they need to make responsible lending decisions, Experian has found.

A new survey, including 54 Australian lender leaders, has found that 60 per cent wish to leverage new data to determine credit risk.

New research from Great Southern Bank has revealed a majority of borrowers would rather borrow from lenders with a commitment to ethical behaviour.

The competition watchdog has watched all banks who have not kept up with its open banking roll out, warning of potential enforcement actions for non-compliance.

The non-major bank will have a direct-to-consumer digital mortgage in market in 2022, the chief executive has revealed, as it explores “new business opportunities”.

The big four bank welcomes Evelyn Halls to the customer fairness adviser role, in a bid to improve the “fairness of the bank’s products and services” for ANZ customers.

Economists from the big four bank believe the RBA will commence hiking the cash rate from September, tipping it will reach 2 per cent by the end of 2023.

Economists from the big four bank expect the Reserve Bank will hold off on raising the cash rate until wage growth accelerates, despite a spurt in inflation.

The exit of ANZ’s retail and commercial executive is not tied to its highly reported home loan processing problems, according to the bank's chief.

The reveal of the executive role comes less than two months after the major bank’s chair pledged to address its extensive turnover times.

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

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.

The major bank has yet to complete the quest to shrink its home loan assessment times, as competition and other pressures have affected its profitability.

While its big four rivals expanded their home loan books over February, ANZ’s total slipped by $226 million.

The major bank today (15 February) announced it will remove its Breakfree package in March and “simplify its home loan offerings”.