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Non-bank boosts leadership team with executive appointments
by Ben Squires • 21 Aug 2024
Newly formed leadership roles have been announced at the non-bank to bolster its support to the broker channel.
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ORDE launches Residential Construction loans
by Reporter • 21 Aug 2024
Non-bank lender ORDE Financial has added a new Residential Construction product for borrowers looking to build new...
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Major bank launches new home loan for sustainable upgrades
by Ben Squires • 20 Aug 2024
Brokers will be able to write a new major bank loan from next week that gives borrowers up to $50,000 for ‘green’...
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Brokers will ‘absolutely be the predominant channel’ if MyState...
by Annie Kane • 19 Aug 2024
The third-party channel will continue to be the channel of choice for MyState/Auswide if their newly announced merger...
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Arrears start to rise at major banks
by Ben Squires • 19 Aug 2024
The home loan arrears rates are increasing at the major banks, as high interest rates and cost-of-living pressures...
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Two-thirds of CBA home loans originated through direct channel
by Annie Kane • 15 Aug 2024
Australia’s largest lender continues to see broker flows drop, with its proprietary channel now writing around 66 per...
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Prospa acquired by Salter Brothers consortium
by Adrian Suljanovic • 14 Aug 2024
The SME lender has announced the acquisition by a consortium led by the Salter Brothers Tech Fund has been...
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A ‘tactical reduction’ sees AMP’s mortgage book drop
by Adrian Suljanovic • 9 Aug 2024
The number of new loans written by the non-major bank has dropped during 1H24.
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Long-term SME confidence takes a hit
by Adrian Suljanovic • 9 Aug 2024
Small-business confidence continues to deteriorate amid elevated interest rates and stubborn inflation.
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Majors observe hawkish shift in RBA’s stance
by Adrian Suljanovic • 8 Aug 2024
While the cash rate remains at 4.35 per cent, major bank economists have noted the hawkish tone from the board...
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