8+ hour, 16+ min ago   (464+ words) Mortgage frauds keep stacking up across Australia's lending landscape. The news comes off the back of reports this past fall that mortgage fraud was accelerating in Australia's lending market, putting brokers and lenders on alert, and prompting many to take…...

5+ day, 5+ hour ago   (323+ words) Six years of positive readings came to an end in August, with Australian business conditions falling into the red for the first time since 2020. Profitability and trading conditions did most of the damage, according to the NAB Monthly Business Survey:…...

5+ day, 6+ hour ago   (189+ words) Bank of Sydney has restructured its executive leadership, appointing Sam Tomaras (pictured left) as chief retail banking officer and Hisham Nakkash (pictured right) as chief business banking officer, splitting oversight of its banking divisions into two dedicated roles. The appointments…...

5+ day, 6+ hour ago   (409+ words) A new economic outlook from Commonwealth Bank points to one final rate hike this cycle in November, alongside a steeper downgrade to its national home price forecast. The report, which also weighs global growth risks and the Reserve Bank's inflation…...

5+ day, 12+ hour ago   (411+ words) All four of Australia's Big Four banks are now in alignment: They're all expecting interest rates to rise later this year. Westpac is the latest player to shift its outlook, abandoning its call from last month that interest rates would…...

6+ day, 7+ hour ago   (414+ words) Suncorp Bank has begun writing to its 1.2 million customers, brokers, and aggregators about their move to ANZ, marking the first formal step in a transition that will see all Suncorp Bank accounts, products, and digital platforms shift onto ANZ's systems…...

1+ week, 3+ hour ago   (391+ words) Non-bank mortgage manager So Money has announced a partnership with construction platform HomePay, offering borrowers up to 12 months of paused repayments on land and construction loans while their home is being built. Under the arrangement, repayments due during the construction…...

1+ week, 7+ hour ago   (769+ words) Lenders are looking for creative ways to entice investors back into the market, even as the rules change. It’s a shift that comes as investors face a changing regulatory landscape. This past autumn, the new federal budget sent ripples through…...

1+ week, 4+ day ago   (273+ words) ING notified the regulator in July that it had found material miscalculations stretching back several years, which had significantly overstated its liquidity coverage ratio (LCR) — a key measure of a bank's ability to withstand short-term cash outflows. While the bank…...

1+ week, 4+ day ago   (340+ words) Scams and corporate governance failures continue to dominate the complaints landing on the corporate regulator's desk, according to new figures that carry implications for brokers navigating an increasingly scrutinised lending and advice landscape. The Australian Securities and Investments Commission (ASIC)…...