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Economy

Former CBRE director joins PGIM Real Estate
14 June 2018
mortgagebusiness

PGIM Real Estate has appointed Stephen O’Keeffe to head up Australian real estate debt investments.

Sluggish investor activity driving home loan slump
13 June 2018
Home loan, arrow down, investor

Home loan demand has dropped for the fifth consecutive month, driven by a continual fall in investor lending activity, new ABS data has revealed.

ABA calls for further action to combat elder financial abuse
13 June 2018
mortgagebusiness

The banking industry body has urged for “more to be done” to detect and prevent the financial abuse of elderly Australians.

AMP continues ‘board renewal’ with new appointment
12 June 2018
AMP continues ‘board renewal’ with new appointment

The financial services provider has announced the appointment of a new non-executive director to its board, as it continues to “rebuild” following revelations of misconduct identified by the ...

Aussie banks less reliant on offshore funding: RBA
12 June 2018
mortgagebusiness

The Reserve Bank has outlined how Australia’s banks, which have traditionally relied on foreign markets for funding, have grown increasingly reliant on domestic deposits.

Italy ‘clearly an issue’, says AMP’s Oliver
12 June 2018
mortgagebusiness

Political changes in Italy have wreaked havoc on markets, but the issues are likely to reach boiling point on 20 September, according to AMP Capital chief economist Shane Oliver.

LATEST PODCAST: Record-breaking penalties, broker attitudes and broker business models
11 June 2018
LATEST PODCAST: Record-breaking penalties, broker attitudes and broker business models

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Prospa float postponed indefinitely
11 June 2018
Postponed, time, clock

Small business lender Prospa has indefinitely delayed its float on the Australian Securities Exchange after consulting with its investment bankers.

Refinancing difficulties affecting mortgage payments: Fitch
8 June 2018
mortgagebusiness

Borrower repayment rates are dropping as a result of tighter underwriting standards, which have made it harder for mortgage holders to refinance, Fitch Ratings has reported.

Rate haggling saving mortgagors thousands, study finds
8 June 2018
mortgagebusiness

Seven in 10 borrowers have been successful in haggling their lender for a lower mortgage rate, a new study has found.