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Lender
ME Bank reviewing affected redraw customers
by Annie Kane • 5 May 2020
The non-major bank is to review the personal circumstances of each customer affected by its controversial change to...
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Banks freeze $6.8bn in loans
by Reporter • 5 May 2020
Australia’s banking sector has collectively deferred over half a million loans valued at approximately $6.8 billion,...
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Westpac earnings plunge, mortgage book thins
by Charbel Kadib • 5 May 2020
A 70 per cent slide in the major bank’s cash earnings has been compounded by a contraction in its residential...
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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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