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WLTH acquires Mortgage Mart

The neo-lender has acquired the mortgage manager in a move to “create greater competition” and a broader range of solutions for brokers and their clients.

Plenti enters partnership with major bank

The fintech lender has entered a strategic partnership with a major bank to launch a new car and electric vehicle loan.

Auswide Bank ‘relieved’ it didn’t offer cashbacks

The lender’s outgoing MD has flagged ongoing cost pressures in mortgage lending, adding he was “relieved” the bank did not offer cashbacks.

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Summerland Bank eyes growth through broker channel

The customer-owned bank has revealed it is overhauling its loan origination system and looking to grow its broker presence as it builds its book.

Banks launch ‘new offensive in the war on scams’

A fraud protection endeavour has been launched, including a $100 million investment to create a new confirmation of payee system.

RedZed settles $500m RMBS

The non-bank lender has announced the completion of its third transaction of 2023.

Australian mutuals outperform broader banking sector 

The mutuals have achieved a greater increase in total gross loans than other ADIs, according to KPMG’s Mutuals Industry Review 2023.

Westpac subsidiaries added to government guarantee scheme

Three Westpac subsidiaries have joined the lender panel of the government’s Home Guarantee Scheme that enables Australians to access LMI-free mortgages.

Home loans the top reason for hardship 

Lenders are being urged to improve their hardship services with an increasing number of Australians needing assistance.

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