Economy

The CEO of a marketplace lender has suggested that while comprehensive credit reporting will benefit the finance industry, it will likely impact mortgage processing the “least”.

The major bank has confirmed it has been appointed as one of two providers of core-banking services for the NSW government.

The group executive of a big four bank’s Australian division has resigned from his role.  

Australians increasingly favour “freedom” and “flexibility” over the traditional dream of homeownership, according to new research.

Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Residential Mortgage Price Inquiry has found.

The downward trend in home loan approvals reversed in October, but the spike is set to be short-lived, according to analysts.

The Customer-Owned Banking Association has welcomed the Coalition government’s joint party-room approval of legislation designed to reduce regulatory barriers for customer-owned lenders

The proportion of income required to service a home loan decreased nationwide over the September quarter 2018, according to joint research from Adelaide Bank and REIA.

Delinquencies underlying Australia’s mortgage portfolio increased over the year to September 2018 off the back of out-of-cycle interest rate increases and refinancing constrains, according ...

After considering the “future evolution of the industry”, a non-major bank has announced that it will discontinue its white-label loan products.