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ME Bank reviewing affected redraw customers
by Annie Kane • 5 May 2020
Over the weekend, mainstream media outlets broke the news that super fund-backed lender ME Bank had reduced the... READ MORE
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Banks freeze $6.8bn in loans
by Reporter • 5 May 2020
The Australian Banking Association (ABA) has published new data, revealing that its members have provided six-month... READ MORE
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Westpac earnings plunge, mortgage book thins
by Charbel Kadib • 5 May 2020
Westpac Group has released its half-year results for the 2020 financial year (1H20), posting a 70 per cent fall in... READ MORE
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Bank ceases lending for off-the-plan purchases
by Reporter • 4 May 2020
Teachers Mutual Bank Ltd (TMBL) has announced several changes to its serviceability assessment policy, lowering its... READ MORE
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ANZ ‘cleans up’ turnaround times, volumes surge
by Charbel Kadib • 1 May 2020
ANZ has released its half-year results for the 2020 financial year (1H20), reporting a $5-billion contraction in its... READ MORE
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Big 4 unfazed by sharper pricing from non-majors
by Charbel Kadib • 30 Apr 2020
On Monday, the Australian Competition and Consumer Commission (ACCC) released its interim Home Loan Price Inquiry... READ MORE
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Westpac tightens screws on LMI, income verification
by Reporter • 29 Apr 2020
Westpac Group – which includes subsidiaries Bank of Melbourne, BankSA and St.George Bank – has announced changes... READ MORE
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NAB secures $3bn in capital
by Hannah Dowling • 29 Apr 2020
Earlier this week, National Australia Bank (NAB) announced that it would be facilitating a new $3.5-billion capital... READ MORE
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Mortgage slump adds to NAB’s earnings woes
by Charbel Kadib • 28 Apr 2020
NAB has released its half-year results for the 2020 financial year (1H20), reporting a $4.4-billion contraction in... READ MORE
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Bankwest digitises verification process
by Reporter • 27 Apr 2020
In lieu of social distancing restrictions imposed by federal and state government authorities to contain the COVID-19... READ MORE
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PM calls on banks to address finance lags
by Annie Kane • 23 Apr 2020
Speaking during a press conference on Thursday (23 April), Prime Minister Scott Morrison provided an update on the... READ MORE
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NAB introduces mandatory VOI changes
by Hannah Dowling • 22 Apr 2020
NAB has announced temporary changes to its broker policy to meet both NAB’s Know Your Customer (KYC) and the... READ MORE
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Westpac amends loan approval process
by Reporter • 22 Apr 2020
Westpac Group – which includes Bank of Melbourne, BankSA and St.George Bank – has informed brokers that it has... READ MORE
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NAB clamps down on serviceability
by Charbel Kadib • 21 Apr 2020
NAB has informed brokers that it has tightened its serviceability assessment requirements for new home loan... READ MORE
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Bankwest updates credit policy, process and valuations
by reporter • 21 Apr 2020
As of this week (20 April), Bankwest has updated several of its processes to “take into consideration any impact... READ MORE
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Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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