Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

89% of women have never checked their credit report
7 September 2018
mortgagebusiness

Most Australian women are unaware of the changes happening in the credit reporting system, according to a new study.

Mortgage credit still ‘readily available’, says RBA
6 September 2018
mortgage credit, rate, RBA

The investor exodus from the housing market is a “normal” part of the cycle, the average interest rate is lower year-on-year and housing credit “remains readily available”, according to the ...

Major bank exploring use of AI to assess loan serviceability
6 September 2018
mortgagebusiness

If AI delivers on its promise, the quality of the products purchased by borrowers could be used to determine whether they would be able to repay their home loans, ANZ Bank said this week.

Saving for a deposit could take more than 9 years
6 September 2018
mortgagebusiness

Saving for a home loan deposit could take nearly a decade in some parts of Australia, according to a new study.

ASX delays blockchain implementation
5 September 2018
ASX, blockchain

The securities exchange has announced a new start date for the implementation of blockchain technology after an extensive consultation with industry insiders and stakeholders.

Pundits split over honeymoon rates
5 September 2018
rates for borrowers, mortgage, industry pundits

Industry pundits are divided over the benefits of honeymoon rates for borrowers, with some claiming that these encourage borrowers to assume more debt than they can afford.

Major bank agrees to pay $35m for NCCP breaches
4 September 2018
ASIC, Westpac, lending breaches, siren, admit, fined, civil penalty

A big four bank has admitted to breaching responsible lending obligations in its issuance of home loans and has agreed to pay a $35-million civil penalty.

RBA reveals cash rate verdict
4 September 2018
RBA reveals cash rate verdict

The Reserve Bank has revealed its cash rate decision for September, announced against a backdrop of out-of-cycle rate hikes from lenders. 

RBA reveals shock cash rate decision
4 September 2018
RBA reveals shock cash rate decision

The Reserve Bank has surprised industry pundits with its September cash rate decision, announced against the backdrop of out-of-cycle rate hikes from lenders. 

RBA announces cash rate decision
4 September 2018
RBA announces cash rate decision

The Reserve Bank has announced the official cash rate for September following its monthly board meeting.