Economy

Bank announces resignation of group executive
7 December 2018
mortgagebusiness

A group executive of a non-major bank has resigned to assume a role as CEO of retail business.

ABA reappoints Shayne Elliott and David Carter
7 December 2018
mortgagebusiness

ANZ CEO Shayne Elliott and Suncorp Bank CEO David Carter have both been reappointed to their respective roles of chair and deputy chair of the Australian Banking Association.

Government seeks to enshrine Consumer Data Right
6 December 2018
Parliament house

The Morrison government is set to introduce legislation designed to provide Australians with a Consumer Data Right, as an extension to the open banking regime.

Non-bank issues new $350m RMBS
6 December 2018
mortgagebusiness

A non-bank lender has priced its third securitisation for 2018 and 26th issuance in total.

Bank CEO and MD resigns
5 December 2018
Bank CEO and MD resigns

The chief executive officer and managing director of a non-major bank has resigned from his role to focus on his long-term health.

Major banks hit hard by credit crunch
5 December 2018
Red arrow down decline

Three of the big four banks have reported a decline in owner-occupied mortgage growth totalling $9.8 billion over the past 12 months, according to the latest data from the prudential ...

Non-bank to roll out ‘green mortgage’ scheme
5 December 2018
mortgagebusiness

A non-bank mortgage lender has announced that it has completed its inaugural Green Bond issuance and is looking to launch a new scheme that will offer borrowers incentives to take out green ...

Negative equity a concern for majority of newcomers
5 December 2018
mortgagebusiness

Over 60 per cent of home buyers who purchased their property over the last three years are worried about owning more than their home is worth, according to a new survey by ME.

Shock as RBA stuns the market with its December rate call
4 December 2018
mortgagebusiness

The Reserve Bank announced its cash rate decision for the month of December this afternoon, leaving most experts scratching their heads as the property market continues to cool despite ...

RBA announces pre-Christmas cash rate
4 December 2018
RBA announces pre-Christmas cash rate

The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a property market that continues to cool despite record low rates.