Lender

Following Macquarie’s move to pull back on lending to trusts and companies, non-bank lender Wave Money has highlighted that it is actively lending to these segments.

A new open banking app and desktop portal that allows consumers to share real bank data with their mortgage broker has been launched.

Bendigo and Adelaide Bank has reported a drop in residential lending over the September quarter, despite an uptick in customer deposits.

Dwellings under the First Home Buyer Guarantee price caps rose 1.2 per cent nationwide in October.

The non-major bank has appointed technology provider NextGen to deliver its back-end platform and help deliver faster decisions.

Despite growing its loan book, the major bank’s profits have tumbled, impacted by costs tied to regulatory settlements and restructuring.

The low-deposit loan is available for owner-occupiers and property investors with a 10 per cent deposit.

In this episode of Broker Daily Uncut, hosts Phil Tarrant and Alex Whitlock explore the evolving landscape of Australia’s mortgage industry and what it means for brokers and investors.

The non-bank lender has announced two new products, including a loan for investors purchasing commercial properties, as it continues to broaden its offering.

The CEO of the MFAA has published an open letter criticising the push by major banks to increase focus on proprietary lending channels.