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Westpac earnings plunge, mortgage book thins
A 70 per cent slide in the major bank’s cash earnings has been compounded by a contraction in its residential mortgage portfolio.
LENDER • Mon, 04 May 2020
ANZ ‘cleans up’ turnaround times, volumes surge
The major bank’s home loan volumes have spiked over the past six weeks despite the slide in housing market transactions amid the COVID-19 crisis.
LENDER • Thu, 30 Apr 2020
Big 4 unfazed by sharper pricing from non-majors
Lower home loan rates offered by smaller lenders had no bearing on the big four’s pricing decisions, the ACCC has found.
LENDER • Wed, 29 Apr 2020
Mortgage slump adds to NAB’s earnings woes
A home lending portfolio contraction has been overshadowed by a 156.8 per cent spike in NAB’s credit impairment costs related to the COVID-19 crisis, which has triggered ...
LENDER • Mon, 27 Apr 2020
Firstmac to acquire brokerage
The non-bank lender is in the process of acquiring a brokerage in a bid to diversify its lending business.
BROKER • Mon, 27 Apr 2020
Loan relief to disguise ‘true’ credit impact of COVID-19: S&P
Mortgage relief assistance provided to borrowers in the wake of the COVID-19 pandemic would hide the “true effects” of the crisis on credit quality, according to S&P
BORROWER • Sun, 26 Apr 2020
Brokers urged to ramp up borrower probes
A non-bank lender has called on its broker partners to “ask additional questions” to their clients amid the economic uncertainty surrounding the COVID-19 crisis.
BROKER • Thu, 23 Apr 2020
Borrower risks flagged amid refinancing rush
Brokers have been encouraged to warn clients about the long-term consequences of loan switching reductions amid a sharp rise in refinancing applications.
BORROWER • Thu, 23 Apr 2020
NAB clamps down on serviceability
The major bank has introduced new requirements for serviceability assessments in lieu of the current virus-induced crisis, calling on brokers to make more rigorous ...
LENDER • Mon, 20 Apr 2020