Breaking

The non-bank lender’s chief executive expects a positive 2024 after what was a “challenging” financial year 2023 for the group.

The private lender has bolstered its senior executive team with a new chief operating officer and general manager, loan origination and credit.

Tiimely Home, formerly known as Tic:Toc, has rebranded to provide an expanded range of services to its customers.

Australia’s mortgage debt has surged to $2.2 trillion, according to the latest data from CoreLogic.

While borrowers behind on loan repayments remain at low levels, EY has called on banks to monitor arrears as the full effect of rate hikes still looms.

The major bank looks to continue to grow its digital home loan product after its launch earlier this month.

The central bank has upgraded its inflation and scheduled repayment forecasts following its latest interest rate increase.

The mutual lender has announced a new alliance with NextGen in its pursuit towards digitisation.

The major lender has made its abuse detection artificial intelligence model available to banks globally.

While 90-plus day arrears have ticked up amid the current cycle of interest rate hikes, they still remain lower than the levels recorded before the pandemic.

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

Australia’s banks have begun raising interest rates on home loan and savings after the RBA’s latest rate increase.

The latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the third-lowest month since June 2012.

The federal Treasurer has warned the latest rate hike will put further pressure on mortgage holders.

The institute’s chief executive has called out the Queensland state government for its lack of support towards investors.