Mortgages

• Ian Rogers

The period CDR participants must hold and share data will be sliced from 7 years to 2 years. read more

• Ian Rogers

Rising arrears and higher charge-offs have Resimac in a bind. read more

• Ian Rogers

Higher margins, lower staff costs and declining charge offs are putting Latitude Financial in a sweet spot. read more

'Firstmac did not have a corporate culture conducive to compliance' a Federal Court judge has found. read more

• Bernard Kellerman

2024 has emerged as the strongest year for securitisation in over a decade, where strong investor demand has driven spreads lower despite high issuance. read more

• Ian Rogers

Resimac Group yesterday said it will be appointing Pete Lirantzis as CEO, effective in the first half of 2025.   read more

• Ian Rogers

Australian Finance Group yesterday announced that it will seek to acquire non-controlling equity stakes across its network of mortgage broking businesses.  read more

• Ian Rogers

Mortgage-backed and asset-backed funding is looking at a record year in 2024. read more

• Ian Rogers

The net profit for Resimac fell to $34.8 million over the year to June 2024 from $66.5 million in FY2023. read more

• Ian Rogers

Non-bank lender humm Group is producing a turnaround featuring rapid growth in receivables and the rollout of a co-funding model that may further propel its now dominant commercial finance business. read more

• Ian Rogers

The mortgage business of REA Group lifted its game over the year to June 2024, though REA and Mortgage Choice are far away from getting anywhere near to the aspiration of being “Australia’s number one.. read more

• Ian Rogers

Service standards and turnaround times on home loan applications have blown out, badly, at People First Bank, at least for applications lodged via mortgage brokers.  read more

• Ian Rogers

Non-bank lender Resimac is on the hunt for a new permanent chief executive, following the resignation of Scott McWilliam as CEO after 21 years of service.     read more

• Ian Rogers

Seemingly late to chase the digital wave in mortgage origination, The Mutual Bank, from Maitland, has partnered with a fancied fintech to plug this gap. read more

• Ian Rogers

For only the second time in 60 years, Commonwealth Bank is seeking a Request for Proposals for it lenders mortgage insurance business, a contract held all these decades by Helia and its predecessor, H.. read more

• Ian Rogers

The level of non-performing mortgages across the banking industry hit a record of $21.3 billion in March 2024, quarterly APRA data yesterday shows. read more

• Ian Rogers

Mortgage & Finance Association of Australia’s latest data shows that between January and March 2024, 74.1 per cent of all new home loans were written by mortgage brokers. read more

• John Kavanagh

The buyer of non-bank lender Prospa plans to borrow part of the funding needed for this takeover from the target. read more

• John Kavanagh

Banks are looking for ways to preserve margins in their home loan businesses and one area where they are taking a harder look is their relationships with brokers. read more

• John Kavanagh

The Reserve Bank has held the cash rate steady since late last year but lenders have been busy adjusting home loan rates to address competitive and margin management issues, as well as positioning the.. read more