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Lender
Bank ceases lending for off-the-plan purchases
by Reporter • 4 May 2020
A non-major lender has announced that it will no longer issue credit for off-the-plan property purchases and has...
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ANZ ‘cleans up’ turnaround times, volumes surge
by Charbel Kadib • 1 May 2020
The major bank’s home loan volumes have spiked over the past six weeks despite the slide in housing market...
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Big 4 unfazed by sharper pricing from non-majors
by Charbel Kadib • 30 Apr 2020
Lower home loan rates offered by smaller lenders had no bearing on the big four’s pricing decisions, the ACCC has...
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Westpac tightens screws on LMI, income verification
by Reporter • 29 Apr 2020
The major bank has amended its residential lending policy to reflect changes in its economic outlook amid the ongoing...
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NAB secures $3bn in capital
by Hannah Dowling • 29 Apr 2020
The major bank has successfully secured $3 billion in capital from domestic and overseas investors in a share placement...
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Mortgage slump adds to NAB’s earnings woes
by Charbel Kadib • 28 Apr 2020
A home lending portfolio contraction has been overshadowed by a 156.8 per cent spike in NAB’s credit impairment costs...
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Bankwest digitises verification process
by Reporter • 27 Apr 2020
The lender has launched a new digital verification tool for brokers in response to social distancing measures aimed at...
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PM calls on banks to address finance lags
by Annie Kane • 23 Apr 2020
The Prime Minister has called on banks to “step up to the mark” and reduce the lags in processing and offering...
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NAB introduces mandatory VOI changes
by Hannah Dowling • 22 Apr 2020
The major bank has announced new, compulsory measures for brokers to meet identity verification requirements during the...
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Westpac amends loan approval process
by Reporter • 22 Apr 2020
The major bank has introduced a number of changes to its home loan settlement process, which includes the introduction...
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