ASB accelerates mortgage lending and profit margins
ASB Bank continued to accelerate its mortgage lending at above its market share in the six months ended December and managed to lift its profit margin as well.
ASB’s disclosure statement showed it added $3.03 billion in net new mortgages in the six months, taking its on-balance sheet mortgage book to $84.44 billion.
That compares with the $2.61 billion of mortgage lending in the six months ended June and $2.28 billion in the six months ended December 2024.
ASB’s parent, Commonwealth Bank of Australia, said ASB’s...MORE»
Big move back to two-year fixed interest ratesWednesday, February 11th, 10:31AM
Two-year fixed interest rates surged back into popularity with home owners taking out new mortgages in December. MORE» |
Challenger aims for a stake in Pepper MoneyMonday, February 9th, 11:55AM
Australian annuities player, Challenger, has made an offer to acquire listed non-bank lender Pepper Money. MORE» |
Investors no longer sitting on the fence as mortgage pile rises
The mortgage pile for residential investors is rising faster than that for owner-occupiers.
MORE»Cost of living dropping as mortgage interest rates tumble
Mortgage interest payments falling 17.3% last year kept the cost-of-living hikes for the average household at just 2.2%.
MORE»Fewer complaints against advisers
Dispute resolution scheme Financial Services Complaints says it has received fewer complaints about financial advisers in the second half of last year than in the same time a year earlier, even as overall complaint numbers rose.
MORE»Hybrid human-AI client model the most effective for adviser success
Being a good mortgage adviser requires combining technical expertise in lending with exceptional customer service to build trust.
MORE»Mortgage lending reaches all-time high in big bank cash backs frenzy
As expected, billions of mortgage dollars washed around the major banks at the end of last year as homeowners chased the big cash backs on offer.
MORE»