Non-Bank Lender

• 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

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

• 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

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

• John Kavanagh

The Australian Finance Industry Association reported that its members provided close to A$2.5 billion of electric vehicle finance in 2023. read more

• John Kavanagh

Shine Lawyers has filed a class action in the Federal Court alleging that Aussie Home Loans sold junk insurance to up to 30,000 customers. read more

• John Kavanagh

A start-up promising to help home buyers bridge the deposit gap has gone into administration, just months after launching its loan. read more

• John Kavanagh

Pepper Money suffered record mortgage book attrition in 2023, at 43.8 per cent, as the intense competitive in the market exposed its relatively high funding costs. read more

• Ian Rogers

A continuing shift in business mix to higher margin lending product, combined with less residential lending punched a deep hole in the profit of Liberty Financial over the December half. read more

• John Kavanagh

The pricing of non-bank issues of residential mortgage-backed securities has tightened since the start of the year, as strong demand for locally issued RMBS and ABS continues. read more

• John Kavanagh

REA Group is struggling to make headway in financial services, a business it has targeted for growth since it acquired broker franchise group Mortgage Choice in 2021. read more

• John Kavanagh

Non-bank business lenders are finishing the year strongly, with a number of recent capital raising initiatives by lenders operating through managed investment schemes and a recovery in the securitisat.. read more

• Banking Day staff

Bendigo and Adelaide Bank’s youth-focused digital brand Up has launched a money management tool promising to help consumers get their finances under control by automating bill payments and savings pla.. read more

• John Kavanagh

Home loan borrowers and people saving for a deposit are largely unaware of the growing range of alternative home ownership strategies, a new report reveals. read more

• John Kavanagh

The pricing of prime non-bank mortgage-backed securities remains steady, as strong demand for Australian RMBS has underpinned healthy issuance this year.   read more

• John Kavanagh

Securitisation transactions over the past month show there is plenty of investor support for the shift in focus among non-bank lenders to areas such as non-prime mortgage lending, asset finance and pr.. read more

• Banking Day staff

Yellow Brick Road shareholders backed a resolution at an extraordinary general meeting yesterday to remove the company from the ASX official list.  read more

• John Kavanagh

The chair of consumer lender Wisr, John Nantes, is stepping down from the board to spare the company any reputational damage in relation to criminal charges brought against the former chief executive.. read more