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.
Yellow Brick Road has announced the resignation of Scott Jones as a non-executive director.
The board of the Customer Owned Banking Association has advised its members that Louise Petschler has resigned as chief executive.
Indonesia has been flagged as a potential source of foreign investment into the Australian housing market.
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