Economy

Standard & Poor’s has provided top preliminary ratings to $484 million of ME’s second residential mortgage-backed securities (RMBS) issue of 2018.

The professional services giant has highlighted how third-party distribution is an effective way for banks to diversify and de-risk their mortgage books.

Moody’s has provided its highest provisional rating to $589 million of Pepper Group’s second residential mortgage-backed securities (RMBS) issue of 2018.

House prices in Australia will continue their downward trend for at least another two years, economists surveyed by Bloomberg have said.

The wealth giant has acknowledged that it has “let down [its] customers” and has said that it will “do whatever it takes” to regain trust, following a damning report on ABC’s Four Corners ...

The mortgage broking industry contributed nearly $2.9 billion to the Australian economy in 2017, supported more than 27,100 full-time workers and increased competition in the lending space, ...

The embattled wealth giant has lodged its defence to the shareholder class action filed by Quinn Emanuel in May, contesting allegations of failed disclosure to the market.

Satisfaction with the banks has dropped to a six-year low, driven by interest rate uncertainty and revelations of misconduct identified by the financial services royal commission, according ...

The prudential regulator has outlined why there is often so much divergence between borrowers and lenders over a four-letter word. It’s not personal. It’s just business.

Personal insolvencies in Australia rose by 5.6 per cent in the 2017–18 financial year, according to new data from the government.