The non-major has announced it is closing more than two-thirds of its east coast branches
The former Future Financial and Better Choice Home Loans COO is in a new role
According to one broker group the drop in dwelling value may be seeing more buyers
Other lenders are also making changes to products and requirements to meet expected regulation
ASIC has reprimanded businesses for failing to accurately prepare financial reports, resulting in a number of inquiries by the regulator.
Clarification by the ATO relating to SMSF trustees has been welcomed by those in the industry.
Brokers are calling for further competition in the LMI space as premiums continue to rise, while LMI providers have defended the price hikes.
Westpac chairman Lindsay Maxstead has cautioned against the 'extraordinary wave of regulation' impacting the finance sector in the face of a fresh round of banking regulations.
ANZ has kept its home loan variable interest rate unchanged, while announcing it will no longer include business loans in its monthly interest rate review.
Non-bank lenders have more than doubled the growth rate of banks, but industry bodies say competition between the big four is not strong enough.