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Macquarie Bank revises serviceability policy
by Malavika Santhebennur • 21 Oct 2019
The non-major bank has announced changes to its serviceability policy in response to record-low interest rates.
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CBA reaping rewards of home lending bounce
by Malavika Santhebennur • 18 Oct 2019
The major bank’s CEO, Matt Comyn, told the AGM that there is an “abundance” of housing credit available, as the...
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One in five consumers to switch banks
by Hannah Dowling • 17 Oct 2019
With open banking due to be introduced in February 2020, Deloitte studied how consumers are likely to react to the...
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ME joins uno’s lender panel
by Malavika Santhebennur • 16 Oct 2019
The non-major has joined an online mortgage broker’s lender panel.
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Heritage Bank drops floor rate
by Reporter • 16 Oct 2019
The member-owned bank has announced a second cut to its interest rate floor for mortgage serviceability assessments.
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Non-bank lender launches new loan product
by Malavika Santhebennur • 11 Oct 2019
A non-bank lender has announced that it is piloting a new loan product that will enable small businesses access to...
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AMP merges banking and wealth division, bank CEO steps down
by Charbel Kadib • 11 Oct 2019
The financial services giant has announced the merger of its banking and wealth divisions following the resignation of...
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Lender appoints national broker manager
by Charbel Kadib • 10 Oct 2019
A non-bank lender has announced the appointment of a national broker channel manager to help bolster its presence in...
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Big 4 bank cuts fixed rates by up to 40 bps
by Hannah Dowling • 10 Oct 2019
A major bank has announced cuts of up to 40 basis points across fixed rate home loan products for owner-occupiers and...
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Resimac, Citi cut variable rates
by Hannah Dowling • 9 Oct 2019
Both lenders have announced cuts to variable interest rates by 15 basis points, short of the full 25 basis point cut by...
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