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Banks offer cyclone relief packages

Lenders have begun offering disaster relief packages for customers impacted by Tropical Cyclone Seroja in Western Australia.

Banks offer cyclone relief packages
SME lender launches eftpos business finance

Boutique lender Apickle has launched new finance product for SMEs using eftpos that enable them to borrow up to $200,000 without an asset security.

SME lender launches eftpos business finance
Bluestone partners with NRL club

The non-bank lender has signed on as the official home loan partner of the Penrith Panthers for the next three years.

Bluestone partners with NRL club
Loan deferrals plummet by over $20bn

The value of total deferred loans has dropped by $23 billion month-on-month to February as the deferrals program comes to an end.

Loan deferrals plummet by over $20bn
Prospa gains access to NZ SME scheme

The SME lender has announced that it has received access to New Zealand’s Business Finance Guarantee Scheme to help small businesses recover from the COVID-19 crisis.

Prospa gains access to NZ SME scheme
LATEST PODCAST: REA Group’s proposed acquisition of Mortgage Choice; record-breaking auction numbers

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: REA Group’s proposed acquisition of Mortgage Choice; record-breaking auction numbers
RedZed prices largest RMBS transaction to date

The specialist lender has priced a $550-million residential mortgage-backed securities transaction, its first of the year and largest to date.

RedZed prices largest RMBS transaction to date
Prolonged rise in riskier loans could spur intervention

While the recent rise in “riskier” lending is not enough to prompt a regulatory response in the near term, this could change if this trend speeds up, CoreLogic has warned.

Prolonged rise in riskier loans could spur intervention
CBA to roll out BNPL offering

The big four bank is set to roll out a buy now, pay later offering for customers, which can be used wherever Mastercard debit and credit card payments are accepted.

CBA to roll out BNPL offering
Loan delinquency to rise, then fall in 2021

Mortgage delinquencies will rise over the first half of 2021 as support measures expire but will decline later in the year as the economy improves, according to new analysis.

Loan delinquency to rise, then fall in 2021
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