Non-majors to face parliamentary grilling
Charbel Kadib
Australia’s non-major lenders will front a parliamentary committee later this year to face questioning over their implementation of the ba...
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Lender cuts fixed rates by up to 60 bps
A non-major bank has announced that it has cut fixed rates up to 60 basis points for both owner-occupiers and investors, effective 14 Octobe...
NAB launches cyber security summit
The major bank has announced a cyber security summit and a roadshow to educate small businesses on how to defend themselves against threats.
Government launches new mortgage pricing inquiry
The federal government has commissioned the ACCC to conduct a new inquiry into the pricing of home loan products in Australia’s mortgage industry.
RBA faces dilemma as investors flock back to market
The ABS has reported an investor-driven “pop” in home loan activity, which, according to ANZ Research, could be a cause for “concern” for the Reserve Bank.
NAB to provide $2bn for affordable housing
The major bank has pledged $2 billion in funding and services to assist not-for-profit affordable and specialist housing providers, includin...
La Trobe prices over $1bn RMBS
The non-bank lender has raised over $1 billion for its latest RMBS, which has received strong interest domestically and internationally.
Criticism of personal guarantees for LRBAs rebuked
Calls to prohibit the use of personal guarantees to support LRBAs fail to acknowledge the prominence of this practice with almost all lendin...
Mortgage appetite ‘activated’ by serviceability changes
The CEO of a mortgage aggregator has dismissed claims that APRA’s serviceability changes have had a “small” contribution to credit gro...
BOQ appoints new CFO, COO
The non-major has appointed a new chief financial officer and chief operating officer, following the announcement of Matt Baxby’s resignat...
