Credit specialist La Trobe Financial expects Australian lenders to meet the threat of new digital entrants head-on.
Non-bank lender Firstmac has expressed its disappointment with the Murray Inquiry’s interim report for failing to address restrictions to obtaining ADI status.
Commonwealth Bank of Australia is currently working on a mobile app that will track the status of a mortgage application from start to finish.
Australian lenders have hit back at the prudential regulator’s draft practice guide on residential mortgage lending for being “unduly prescriptive”.
A Deloitte response to the Murray Inquiry interim report has highlighted that the inquiry does not give a clear sense of how the system needs to change to be ready for the future.
ME Bank has seen a huge upswing in the number of broker-originated fixed-rate mortgages processed over the last financial year.
Australian-based Computershare has agreed to buy third-party mortgage servicing company Homeloan Management Limited (HML) from Skipton Building Society in the United Kingdom.
A branded retail brokerage has been earmarked as a potential acquisition target for Bendigo and Adelaide Bank and Bank of Queensland.
The demand for low-doc loans has fallen to its lowest levels since the GFC.
APRA’s new chairman has dismissed claims that the regulator is out of step with the rest of the world on Basel standards.