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Economy

APRA says its actions haven’t impacted the supply of mortgages
13 July 2018
supply of mortgages, home loans, APRA, mortgage, home lending

The prudential regulator claims that its actions are “only one factor” impacting the supply of home loans and that credit growth has actually increased since the introduction of ...

Australia’s impending Consumer Data Right an ‘ambitious policy’
13 July 2018
mortgagebusiness

Australia’s impending Consumer Data Right is an “ambitious” policy and one that will pave the way for “exciting” innovations in finance and beyond, according to a fintech CTO.

Banks ‘slow to respond’ to weak income growth: APRA
12 July 2018
APRA

The head of the Australian banking regulator has explained how slower wage growth has meant lenders can no longer factor in steady pay rises when determining a borrower’s ability to service ...

FinPal gains financial backing
11 July 2018
mortgagebusiness

A group of investors have assumed a financial stake in the business and client management software provider.

Further allegations of bank misconduct revealed
10 July 2018
misconduct, caution

The culture, governance, remuneration practices and inadequate internal systems at some banks have led to misconduct and failed to meet community expectations, according to the counsel ...

Firstmac sells stake in regional bank
10 July 2018
mortgagebusiness

The non-bank lender has changed its substantial holding in an Australian bank that has partnered with a broking group and launched a new online banking platform.

Non-major banks among most trusted brands in Australia
10 July 2018
mortgagebusiness

Two non-major banks have ranked in the top 10 most trusted brands in Australia, according to a new survey conducted by Roy Morgan.

The next stage in the mortgage refinance market
9 July 2018
Peter Sheahan, mortgage, mortgage finance, mortgage market

One key factor of profitable banking is to lend long and borrow short with adequate control of pricing margins. However, replenishing the supply of liabilities is a much more important ...

Why aren’t we using superannuation to fund mortgages?
9 July 2018
fund mortgages

It seems like a logical idea. Superannuation funds need a fixed-income asset to invest in. Lenders need domestic funding. Super, meet mortgages. But Australia’s $2.6 trillion superannuation ...

Industries split over cash payment limit
9 July 2018
mortgagebusiness

The federal government’s proposal to limit cash payments to $10,000 has divided the finance and business industries, with the ABA largely backing the move but the ACCI calling it into ...