NAB

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

Confidence in the housing market continued to grow during the third quarter, the major bank’s recent survey has shown.

In the face of ever-increasing competition from fintechs in the buy now, pay later space, NAB has nabbed its share by launching its first BNPL product.

The share of broker-originated mortgages at NAB has dropped as proprietary lending increases, but the major bank has “no fixed targets” on where flows should come from.

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound in population growth has drawn stronger housing demand.

A scam attempt almost cost one NAB customer a bundle before it was caught by a Sydney-based business banker.

Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.

New research has found a quarter of consumers believe now is the time to buy a home, while 13 per cent have plans to purchase over the next year.

Around a fifth of consumers who have tightened their belts are using the savings to reduce their home loan debts, new data has revealed.

Helen Mary Rosamond has been sentenced to a total of 15 years’ imprisonment after being found guilty of defrauding NAB of millions in an enterprise “breathtaking in its audacity”.

Over four in 10 home owners are using the equity in their home to get ahead on their mortgages, a NAB survey has found.

The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.

The government body has slammed the non-bank lender after allegedly partaking in inappropriate lending practices that disadvantaged consumers.

Recent data has detailed the spending habits of Aussies, with younger consumers and families skewing the statistics dramatically.

Latest NAB hardship data has revealed Australians’ cost concerns and workforce changes to suit.