News
Another major tightens trust lending
2+ day, 8+ hour ago (665+ words) Brokers are adjusting after another major bank tightened its approach to mortgage lending for companies and trust structures. On 8 January, Australia and New Zealand Banking Group (ANZ) became the latest of the big four banks to change its mortgage credit…...
Brokers writing 75% of Sucasa loans
3+ day, 8+ hour ago (472+ words) Broker-originated lending has surged at non-bank lender Sucasa, transforming brokers from a minority distribution channel into the source of most new settlements in less than a year. The broker channel now accounts for around 75 per cent of the low-deposit lender's…...