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Citi to pay US$1bn in RMBS claims

Citigroup announced on Monday that it will settle US$1.13 billion in claims stemming from mortgage securities the group sold during the financial crisis.

Coles closer to mortgage play

Retail heavyweight Coles looks set to beef up its financial services offering by entering the $1.2 trillion mortgage market in the near future.

Firstmac hamstrung by banking act

Mortgage lender Firstmac has called for the removal of ownership restrictions preventing it from applying for an ADI licence.

No capital incentive for LMI: QBE

QBE has urged the Financial System Inquiry (FSI) to consider the role that lender's mortgage insurance (LMI) plays in the financial system a...

YBR calls for greater mortgage mobility

Yellow Brick Road believes 14 days is sufficient time for lenders to be able to arrange transfer of a mortgage in accordance with the customer’s needs.

Bendigo calls out capital funding risk

The major banks, as the primary importers of overseas capital funding, are creating a concentration risk issue, according to Bendigo and Adelaide Bank.

Regional banks mount attack on majors

A group of regional banks has challenged the majors’ stranglehold on the mortgage market through a submission to the Financial System Inquiry

La Trobe issues RMBS offer

La Trobe Financial Capital Markets Trust has issued $102 million worth of residential mortgage-backed securities (RMBS).

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LATEST PODCAST: Best interests guidance and pre-approval suspension

Do you think the mortgage market will see more consolidation this year?

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