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Criminals demand ransom payment from Latitude
The non-bank lender says it will not pay a ransom to criminals who stole personal identification documents from customers.
LENDER • Mon, 10 Apr 2023
Major lenders in ‘best position’ to weather global banking crisis
A leading Australian fund manager says local lenders are well positioned but not immune to the banking crisis unfolding in the US and Europe.
LENDER • Thu, 23 Mar 2023
Thinktank closes $750m RMBS issue
The specialist commercial and residential property lender has successfully closed its fourth residential mortgage-backed securitisation issue for $750 million.
85% of CFOs worried about bank failures
Fresh research from the US shows the impact that recent bank failures is having on the chief financial officers of mortgage lenders across the nation.
ECONOMY • Thu, 23 Mar 2023
US lifts rates by 25 bps despite ongoing crisis
The Federal Reserve has lifted rates by 25 bps as it looks to bring inflation back down to 2 per cent.
Social media giant TikTok loses trademark case against lender
Chinese-owned social media platform TikTok has failed to convince IP Australia that mortgage provider Tic:Toc should change its name.
LENDER • Wed, 22 Mar 2023
Fixed-rate borrowers ‘unlikely’ to be changing spending behaviour: RBA
The surge in new fixed-rate loans written during the pandemic may cause the Reserve Bank to lift rates more aggressively due to a significant lag in the impact of ...
ECONOMY • Tue, 21 Mar 2023
Latitude turns away new customers as cyber attack persists
The non-bank has confirmed it is has stopped onboarding new customers as a major cyber attack remains active.
LENDER • Mon, 20 Mar 2023
Almost 1 in 3 borrowers have negotiated a lower rate: RBA
Approximately 30 per cent of variable-rate mortgage holders have successfully negotiated a lower rate with their lender since the Reserve Bank started lifting rates in ...
ECONOMY • Mon, 20 Mar 2023
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