AMP Bank has seen a significant increase in the use of AMP-aligned financial advisers as a distribution channel for the lender’s residential mortgages.
Australia’s mutual lenders have hinted at the need for a national mortgage broker register after estimating 40 per cent of loan writers are owned by the major banks.
The Reserve Bank of Australia has emphasised its “careful monitoring” of the Australian lending landscape by assessing the impact of APRA’s lending guidance.
Morningstar analysts have flagged, as a “central theme”, slower growth in the Australian banking system over the coming years.
A listed mortgage group has revealed plans to provide predictive and reactionary analytics as it transitions to the cloud.
LMI provider Genworth has conceded it will feel the “full effect” of a major bank’s decision to terminate its agreement with the group.
Australia and New Zealand’s largest credit reference agency has launched a new service designed to support lenders in assessing the risk profile of customers applying for a loan.
Weak confidence has been a recurring theme among Australian banks this reporting season.
The federal government has been urged to lead the push for a national first home owner grant system that would apply to all housing.
ANZ has delivered an unaudited cash profit of $1.79 billion for the three months to 31 December 2014.