The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Join Alex Whitlock and Annie Kane as they discuss some of the big legal cases in the industry – including the largest civil penalty in history.

Alex and Annie discuss the $1.3-billion penalty handed to Westpac and the regulations that were found to have been breached, NAB's penalty for illegally accepting loan applications from unlicensed third parties via its "spot and refer" introducer program, and how these issues came to be.

This week, they discuss:

- Westpac's penalty for AML/CTF breaches - NAB's introducer program and what the issues were - The launch of New Home Guarantee waitlists