Jul 14, 2026 – 1.37pmMajor bank backed mortgage broker Lendi has slashed its corporate team as the owner of Aussie Home Loans rejigs its workforce to “reflect changing market conditions”.The move comes just six months into the tenure of new CEO Sebastian Watkins. Watkins faces the tall task of finally trying to turn a profit amid the country’s biggest property price correction in 40 years.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a banking and financial services reporter for The Australian Financial Review. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?