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Economy

Mortgage platform to chase low-deposit borrowers

An online mortgage marketplace has launched a crowdfunding campaign designed to raise equity earmarked for expansion, which includes capturing the low-deposit market.

mortgagebusiness
RBA cuts the cash rate

The official cash rate has been cut by the central bank for the first time since August 2016. 

mortgagebusiness
RBA hikes cash rate - July 2018

The official cash rate has been lifted for the first time in nearly eight years, surprising the majority of industry pundits. 

mortgagebusiness
RBA cash rate verdict revealed

The official cash rate for July has been announced by the central bank following its monthly board meeting.  

RBA cash rate verdict revealed
Who will dominate the home buying ‘ecosystem’?

For most people, it’s the biggest purchase they will ever make. But buying a home remains a relatively painful, complex process that leaves plenty of room for innovation and disruption.

Home buying
Hardship customers exempt from new CCR regime

The big four banks have committed to excluding hardship customers from their reporting of customer credit history as part of the new CCR regime.

mortgagebusiness
Non-bank mortgages growing twice as fast as majors

New research from Morgan Stanley has found that the non-banks are growing their mortgage books at twice the rate of the big four as tighter lending standards continue to weigh on the majors

mortgagebusiness
Bank regrets ‘unfair’ treatment of cattle-grazing family

The financial services royal commission has heard the case of the Brauers, a Queensland-based cattle-grazing family, who testified that they were “nearly wrecked” by their bank.

Bank regrets ‘unfair’ treatment of cattle-grazing family
‘Rentvesting’ stressful for home owners, study finds

A recent study has revealed that “rentvesting” is a stressful way of living for home owners, despite it being marketed as the best of two worlds.

mortgagebusiness
Opinion: Big M&A deals in the pipeline for mortgages

The Australian mortgage industry is on track for a significant shake-up as vertical integration unravels and fresh acquisition targets begin to appear. But the buyers won’t be banks this ...

mortgages, Australian mortgage industry
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