Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

Non-conforming mortgage arrears bounce
15 May 2020
S&P Global Ratings

Delinquencies underlying non-conforming home loans have risen by 42 bps, while prime mortgage arrears have remained stable ahead of an expected COVID-induced spike, the latest S&P data ...

Labour participation sinks to record low
15 May 2020
Labour participation sinks to record low

Almost 600,000 Australians lost their jobs in April off the back of the economic fallout from the COVID-19 outbreak.

“Serious” challenges ahead for housing demand: CoreLogic
15 May 2020
mortgagebusiness

While restrictions have eased around auctions and inspections, it would take time for housing market demand to recover.

Auction ban lifted in Victoria
14 May 2020
Auction ban lifted in Victoria

The Victorian state government has reintroduced on-site auctions and open inspections as COVID-19 restrictions ease across the country.

Join Smartline Personal Mortgage Advisers for their May 20 Build your own Business webinar
13 May 2020
Join Smartline Personal Mortgage Advisers for their May 20 Build your own Business webinar

Promoted by Smartline Smartline’s Andrew Wild hosts CEO Sam Boer and a panel of guests including Executive Manager – Economic Research Cameron Kusher, for this upcoming event offering an ...

NSW, Victoria open door to stamp duty reform
13 May 2020
NSW, Victoria open door to stamp duty reform

State governments have revealed that stamp duty reform is being considered as part of a broader agenda to restructure state economies off the back of the COVID-19 crisis.

Mortgage auction sites merge
13 May 2020
Mortgage auction sites merge

Mortgage bidding site LoanDolphin has been subsumed under the Joust brand after the two platforms joined forces to create a larger online home loan auction platform.

Clearance rate jumps to two-month high
12 May 2020
Clearance rate

Auction clearance rates rose and withdrawal rates fell, while a lift on auction bans is expected to lift confidence.

Bank CEO resigns, interim appointed
11 May 2020
Bank CEO resigns, interim appointed

The chief executive of a non-major lender will step down after just months at the helm.

Deferrals, redraws to offset decline in volumes: RBA
11 May 2020
Deferrals, redraws to offset decline in volumes: RBA

Banks are set to retain the current value of their mortgage books despite an expected decline in home loan volumes, according to the Reserve Bank.