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Auswide prices $40m senior unsecured FRN

The non-major bank has priced a three-year senior unsecured floating rate note tranche, which it says will assist with “growth in its housing and consumer loan portfolio”.

Auswide prices $40m senior unsecured FRN
Firstmac issues warning on SMSF loans offsets

The lender said it has shelved plans to offer an offset with its residential SMSF lending product after receiving advice that such products may “fall foul” of superannuation laws.

Firstmac issues warning on SMSF loans offsets
New SME Recovery Loan Scheme welcomed

Lenders have welcomed the government’s new SME Recovery Loan Scheme for businesses receiving JobKeeper, citing it as a “thoughtful extension” to the hardest-hit businesses.

New SME Recovery Loan Scheme welcomed
Small-business finance platform enters market

A new finance platform that allows small businesses to access equity, grants and loans has launched in Australia.

Small-business finance platform enters market
Arrears rise as mortgage relief periods end: S&P

Australian mortgage arrears are starting to rise as fiscal stimulus measures taper and mortgage relief periods end for many borrowers, but economic recovery and lower interest rates are ...

Arrears rise as mortgage relief periods end: S&P
Tasmanian HomeBuilder applications 3x over forecast

The popularity of HomeBuilder in Tasmania has delivered a threefold increase in applications over initial forecasts.

Tasmanian HomeBuilder applications 3x over forecast
Plenti launches green BNPL finance

The non-bank lender has announced the launch of specialist interest-free finance option for renewable energy technology.

Plenti launches green BNPL finance
MORTGAGE AND FINANCE LEADER: How the broking industry has evolved - and what's next for Aussie

Mortgage and Finance Leader gives you a unique insight into the mindset of the most influential figures in Australia's $2.7 trillion mortgage industry.

James Symond
Westpac cuts SME guarantee scheme loan rates

The bank has reduced lending rates on some SME loans by up to almost 50 bps on new lending for products offered under the SME Guarantee Scheme.

Westpac cuts SME guarantee scheme loan rates
ACCC to ‘follow through’ on home loan inquiry

The competition watchdog is set to make good on its recommendations for improving the mortgage process, and will also be announcing enforcement outcomes in the coming months.

ACCC to ‘follow through’ on home loan inquiry
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