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Lender
Macquarie revises serviceability measures
by Malavika Santhebennur • 20 Feb 2020
The non-major has announced that it is revising its maximum acceptable debt-to-income measure for high loan-to-value...
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Online lender appoints new NSW/ACT BDM
by Malavika Santhebennur • 19 Feb 2020
SME lender OnDeck Australia has appointed former Rugby Sevens captain and broker Nick Reily to the newly created role...
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Lender to consider ‘lifestyle changes’ in serviceability test
by Reporter • 19 Feb 2020
Demonstrable commitments from prospective borrowers to adjust their spending ahead of a home loan application will be...
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Mutual bank joins SFG panel
by Hannah Dowling • 18 Feb 2020
Specialist Finance Group has announced the addition of MOVE Bank to its lender panel, giving SFG brokers access to the...
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Westpac integrates CCR, updates loan process
by Malavika Santhebennur • 17 Feb 2020
Westpac Group has announced it is updating its consumer credit policy to use comprehensive credit reporting (CCR)...
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Timing and application of new misconduct rules questioned
by Annie Kane • 11 Feb 2020
Further concerns have been raised regarding new exposure draft legislation that will bring in new reference check and...
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Banks relax valuation policies
by Malavika Santhebennur • 11 Feb 2020
Major bank ANZ and non-major bank Gateway have loosened their credit and valuation policies.
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Lender pulls investment product
by Charbel Kadib • 7 Feb 2020
A non-major has announced the withdrawal of an investment product due to “low demand” from customers.
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Lender launches loan with repayment-free term
by Charbel Kadib • 6 Feb 2020
Non-bank lender Latitude Financial has rolled out a new personal loan offering with a repayment-free window.
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Bank tweaks income verification policy
by Malavika Santhebennur • 6 Feb 2020
A non-major bank has updated its income verification policies to “keep pace” with the changing landscape of...
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