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Lender reports 281% rise in loan originations
by Reporter • 1 Aug 2019
Personal loan lender Wisr has reported a 281 per cent increase in loan origination value in FY19 compared to the year... READ MORE

Major bank announces new risk weight floors
by Annie Kane • 1 Aug 2019
A big four bank has announced new risk weight floors for some of its mortgage and farm lending portfolios in New... READ MORE

YBR reports lift in home lending performance
by Charbel Kadib • 31 Jul 2019
The broking franchise group has reported an increase in mortgage settlements volumes and a rise in its underlying loan... READ MORE

Major bank appoints group chief people officer
by Hannah Dowling • 31 Jul 2019
National Australia Bank has announced that KPMG’s current global head of people, Susan Ferrier, will become the... READ MORE
Bank of Queensland

BOQ amends serviceability policy
by Charbel Kadib • 31 Jul 2019
The non-major lender has reduced its floor rate in response to APRA’s new mortgage serviceability assessment... READ MORE
Sold sign in front of house

New home sales spike in June quarter
by Reporter • 31 Jul 2019
The recent improvements in housing market sentiment has helped spur a rise in new home sales, which lifted for the... READ MORE

Scottish Pacific rolls out asset finance offering
by Annie Kane • 30 Jul 2019
Debtor finance specialist Scottish Pacific has begun rolling out a new asset finance offering through the broker... READ MORE
ANZ

ANZ updates banking code provisions
by Charbel Kadib • 30 Jul 2019
The major bank has revised its home lending policy to align with recent guidance regarding the implementation of the... READ MORE

Appeal denied for jailed CEO

by Hannah Dowling • 30 Jul 2019
A former CEO who is currently serving a four-year jail sentence for conspiring to defraud CBA and his company will... READ MORE
Susan Campbell

Bank director steps down
by Hannah Dowling • 30 Jul 2019
A director of Heritage Bank has resigned from the board after nearly 14 years of service. READ MORE

New SME funding guide launches
by Annie Kane • 29 Jul 2019
An “industry first” business funding guide for brokers and other financial advisers has been launched by... READ MORE
Heritage Bank

Heritage revises assessment rates
by Charbel Kadib • 29 Jul 2019
The customer-owned bank has made changes to its home loan serviceability assessment policy, joining a host of other... READ MORE
Percentage

Major banks slash fixed rates by up to 96 bps
by Charbel Kadib • 29 Jul 2019
Two of the big four banks have announced reductions of up to 96 bps across their owner-occupied and investment home... READ MORE
National Mortgage Brokers

Aggregator launches new remuneration model
by Charbel Kadib • 29 Jul 2019
A mortgage aggregator has announced the launch of a new revenue-sharing model for its broker network. READ MORE
David Carter

Lenders can’t ‘abdicate’ distribution responsibilities to...
by Annie Kane • 26 Jul 2019
The heads of a non-major bank have said that industry will need to work together to ensure the new laws requiring... READ MORE

N1 launches new mortgage suite and joint venture
by Tas Bindi • 26 Jul 2019
The ASX-listed financial and property services firm has announced the launch of self-branded mortgage products, as well... READ MORE

BOQ Business appoints new group executive
by Annie Kane • 26 Jul 2019
BOQ has appointed a former Westpac executive as its new group executive for its business and SME arm, following the... READ MORE

Citi changes expense verification method
by Reporter • 26 Jul 2019
Citi has announced that it has changed the method it uses to assess customer expenditure reports.  READ MORE

Industry urged to get on the front foot of trail messaging
by Annie Kane • 25 Jul 2019
Suncorp’s CEO of banking and wealth has said it is “beholden of all parties in the industry” to “think about... READ MORE
Percentage

Interest rate analysis reveals state of play in mortgage market
by Reporter • 25 Jul 2019
Variable mortgage rates have sunk to as low as 2.89 per cent, with the market continuing to take shape following... READ MORE
Arrow hitting bottom

Fixed rate demand fell to eight-year low after RBA rate cut
by Reporter • 24 Jul 2019
The demand for fixed-rate mortgages dropped to an eight-year low in June this year, according to newly released data. READ MORE
Suburbs

Aussies sitting on the fence as housing sentiment shifts
by Reporter • 24 Jul 2019
Recent political and economic developments have helped trigger a spike in property price sentiment, but fewer... READ MORE

More details of new SME business fund released
by Annie Kane • 24 Jul 2019
Those wishing to access the government’s new SME business fund will need to demonstrate that they are working towards... READ MORE
NAB

NAB revises home lending policy, undercuts big four peers
by Charbel Kadib • 23 Jul 2019
The major bank has updated its mortgage serviceability assessment policy, becoming the final big four bank to amend... READ MORE
Heritage Bank

Heritage Bank pulls CCI product
by Annie Kane • 23 Jul 2019
The non-major bank has temporarily ceased selling its consumer credit insurance product, as the CCI industry revises... READ MORE