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Economy

Fixed rate borrowers facing 52bps hikes
19 March 2019
mortgagebusiness

Home loan interest rates can rise 43 to 52 basis points on average once fixed rate terms end, unless borrowers proactively negotiate, a new analysis has found.

73% of Aussies unaware of their credit score
19 March 2019
73% of Aussies unaware of their credit score

Almost three-quarters of Australians do not know their credit score, according to a new survey conducted by Finder.

Length of housing slump approaching historical levels
18 March 2019
Suburbs

The downturn in national home values is two months away from becoming the longest correction in history, according to a CoreLogic analysis.

Wholesale funder lifts rates as out-of-cycle hikes continue
15 March 2019
Money and percentage

A mortgage funder has succumbed to funding cost pressures, hiking variable mortgage rates by up to 15 basis points for both new and existing home loan customers.

Banking royal commission impacting stress and job security
15 March 2019
Courtroom

More than a quarter of financial service workers in Australia find their job “extremely stressful” and are less confident of their job security, new research has found.

LandMark White CEO resigns following data breach
14 March 2019
Chris Coonan

The CEO of the ASX-listed property valuations company has resigned in lieu of “major reputational” damage caused by a cyber attack that exposed the private data of financial services ...

Prospa surpasses $1bn in loan originations
14 March 2019
Coins stack

The SME lender has announced that it has provided more than $1 billion in loans to over 19,000 SMEs in Australia and New Zealand. 

Banks on track with remuneration reform: Sedgwick
13 March 2019
Westpac, CBA, ANZ, NAB

The banking industry is on track to meet its deadline to implement changes to how “tellers and sellers” are remunerated, an independent report commissioned by the ABA has concluded.

AMP ‘surrenders’ fees-for-no-service documents
13 March 2019
AMP

The wealth giant has caved to requests from Australia’s corporate watchdog to hand over documents relating to fees-for-no-service breaches.

A third of couples not financially healthy, study finds
13 March 2019
mortgagebusiness

More than a third of committed couples in Australia are not in financially healthy positions, according to a new study.