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Major lender sounds warning on housing market

Fewer foreign buyers and slower population growth will cause Australian house prices to cool as oversupply sets in – but a housing 'crash' is unlikely, according to a big four bank.

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10-year ban for former lending director

The corporate watchdog has today announced that the former director of an Australian lender has been banned from credit activities for 10 years.

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CBA pays out $7.6m in compensation

The Commonwealth Bank of Australia (CBA) has paid out $7.6 million in compensation to people who were given poor financial advice between 1 September 2003 and 1 July 2012, the bank has ...

mortgagebusiness
Porges steps down as chairman of marketplace lender

The board of an ASX-listed lender has announced the election of John Nantes to the position of executive chairman.

mortgagebusiness
CBA is ‘stifling competition’, says Acorns

Mobile investment platform Acorns has accused the Commonwealth Bank of Australia (CBA) of “stifling competition” by advising its customers to refrain from sharing login details with third ...

CBA is ‘stifling competition’, says Acorns
Non-bank posts record year of lending

Non-bank finance group Chifley Securities has announced that it achieved record levels of lending for the 2015-2016 financial year, lending more than $600 million to a range of investors, ...

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Lender sees billion-dollar settlement spike ahead of merger

A listed lender has seen significant growth in its branded loan settlements over the year to 30 June as it prepares to merge with a non-bank.

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RBA ‘retains strong easing bias’, says ANZ

The Reserve Bank’s cash rate is likely to remain unchanged at 1.5 per cent, however ANZ sees a “clear risk of further easing”, primarily due to the low inflation outlook.

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Lessons from the UK commercial lending market

Despite having gone through significant flux, with regulation curtailing the amount and type of lending that they could carry out, the UK commercial lending landscape has emerged triumphant

mortgagebusiness
A look at mortgage lending across the states and territories

Late last week the Australian Bureau of Statistics (ABS) published lending finance data for June 2016. When this data is paired with housing finance data it provides valuable insights about ...

A look at mortgage lending across the states and territories
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