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Lender

AMP Bank announces executive’s departure

by Reporter • 24 Jan 2018
Mr Gibson had been at the bank for eight years and was the national sales manager for third-party... READ MORE

Rising average loan size not a problem, says economist

by Reporter • 24 Jan 2018
Senior economist at the Housing Industry Association (HIA) Geordan Murray believes that despite household debt-income... READ MORE

Bank drops fixed rates by up to 75bps

by Reporter • 23 Jan 2018
Effective from Tuesday (23 January 2018), MyState is reducing its owner-occupied three-year fixed home loan rate by... READ MORE

Bank sells stake in P2P lender

by Reporter • 22 Jan 2018
While the details of the sale are confidential, the bank said that it expects the sale of its 62 per cent stake to... READ MORE

Lenders make credit policy changes

by Reporter • 22 Jan 2018
National Australia Bank (NAB) and Homeloans Ltd (in which NAB is a major shareholder) have implemented credit policy... READ MORE

Calls for CBA to lift accreditation restrictions for mentees

by Reporter • 22 Jan 2018
Speaking to The Adviser after a discussion over CBA’s new accreditation process for new brokers dividing industry... READ MORE

ANZ agrees to pay $5m fine for responsible lending breaches

by Reporter • 19 Jan 2018
The Australian Securities and Investments Commission (ASIC) has announced that a settlement has been reached with ANZ... READ MORE

ING prohibits resi security for commercial loans

by Reporter • 17 Jan 2018
In a broker note, ING announced that it was making changes to its underwriting guidelines, which will be effective... READ MORE

Foreign sale of ANZ’s finance business falls through

by Reporter • 15 Jan 2018
On 21 December, it was revealed that New Zealand’s Overseas Investment Office (OIO) had blocked an attempt by ANZ... READ MORE

‘Micro-management’ of big banks drove me to broking, says lending...

by Reporter • 12 Jan 2018
Speaking to The Adviser, lending specialist at Regional Finance Solutions and former Commonwealth Bank and Westpac... READ MORE

Heritage updates credit policy

by Staff reporter • 11 Jan 2018
Heritage stated this week that it has made several updates, effective immediately, following a review of its credit... READ MORE

Finance company becomes new short-term commercial lender

by Reporter • 9 Jan 2018
N1 Holdings Limited — a holistic financial services provider covering mortgage broking, residential mortgages,... READ MORE

‘Broking is not a 9-to-5 job’

by James Mitchell • 5 Jan 2018
In seven years, YBR Earlwood principal Effie Nicol has built a successful mortgage broking business, but it didn’t... READ MORE

Major bank market share takes a hit

by Reporter • 2 Jan 2018
The latest AFG Competition Index found that major lender market share has “taken a hit”, falling to 62.5 per cent... READ MORE

James Symond on the benefits of being bank-owned

by James Mitchell • 27 Dec 2017
While much criticism has been directed towards vertical integration, in an era of increased compliance and squeezed... READ MORE
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