Economy

A sharp increase in mortgage delinquencies was recorded over the March quarter, before lenders commenced offering mortgage repayment relief, according to Moody’s.

AMP Bank has launched a range of technology enhancements to its home loan process, including digital pre-application, electronic signatures and remote VOI.

The “mortgage-focused” model of the major banks will help them absorb an acceleration in fintech adoption in response to COVID-19, according to S&P Global.

The federal government has announced a new $700-million housing stimulus package aimed at rekindling property market activity.

The financial services regulator has “concerns” over ME Bank’s handling of its redraw matter, telling an urgent public hearing it “could have and should have been handled better”

New dwelling approval figures are positive but lag behind the true impact of COVID-19, according to senior economists.

The economy contracted by 0.3 per cent in the March quarter, ending Australia’s 29-year period of economic expansion, with Treasurer Josh Frydenberg suggesting that the country is now in ...

The lender and financial regulators face a new round of questioning in front of the economics committee today, after the chair found discrepancies in responses that he said were “deeply ...

The central bank has been urged to consider further cuts to the cash rate in the wake of the unprecedented COVID-19 crisis.

The federal government is preparing to introduce new home-buying grants aimed at providing long-term support to the residential property sector as it grapples with the COVID-19 crisis.