IO loan renewals will require full income verification soon, says the bank
The non-major hits out at "distorted competition" that disproportionately affects smaller banks
The bank plans to invest $1.5bn a year in technology
Non-majors now account for more than 37% of the group's flows
ABN Amro's head of reverse mortgages, Martin Lynch, says the lender remains strong despite the troubles plaguing its parent company the Royal Bank of Scotland (RBS).
Major banks will encourage consolidation in 2009 by limiting their relationships to top aggregators, Deloitte has predicted.
Loan Market CEO Jennifer Nielsen will quit the mortgage broking group at the start of next year (1 January) to take up a new role as head of online and marketing for real estate franchise Ray White.
The Commonwealth Bank has blamed the government's First Home Owners Grant (FHOG) boost for its decision to withdraw its zero deposit product.
A broker who left the recently collapsed franchise, Investor Finance, has set up her own brokerage in Queensland.
The total value of housing finance commitments fell by 3% in the month of April, according to figures released yesterday.