Major banks report mixed results in broker space
Charbel Kadib
Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...
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Bank cuts mortgage rates by up to 40bps
A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.
Mortgage interest income to remain under pressure this year
The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s.
‘Very strong’ growth expected in financial broker population
The government expects to see “very strong” growth in the number of financial brokers in Australia over the next five years, continuing the trend from the past five.
Legislators cautioned as lodgements sink to six-year low
Policymakers have been urged to “tread carefully” before making regulatory changes in the mortgage industry, with the latest AFG data re...
APRA reveals ‘constructively tough’ enforcement approach
APRA has revealed its plan to take a “constructively tough” approach to enforcement, including using the full range of its powers to address prudential risks and misconduct.
HashChing launches conveyancing service
The mortgage marketplace has announced the launch of a new conveyancing partnership designed to remove a “major pain point” in the home lending process.
ANZ reveals new principles for dispute resolution
The big four bank has created 15 dispute resolution principles for handling customer complaints and legal matters fairly.
Judo Capital set to become a bank this week
SME lender Judo Capital is set to be granted a banking licence this week and will begin offering consumers retail deposits in addition to i...
A quarter of SMEs have been rejected by banks
One in four small businesses has been knocked back from the banks for financing, with one in three saying that they had to resort to borrowi...
