Economy

The consumer watchdog has made an exemption that allows for the delay of non-major banks’ Consumer Data Right obligations.

New CoreLogic data shows there was a rise in the number of homes sold in May when compared with April, despite falling GDP, a drop in wages paid and the first month-on-month decline in ...

Promoted by Aussie Australia’s leading mortgage broker, Aussie, has launched a major expansion plan to recruit brokers and other professionals to expand their broker and franchise network ...

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 ...