Economy

Customer satisfaction with banks continues to decline
28 June 2018
mortgagebusiness

Bank customer satisfaction is continuing on its downward slide as the fourth round of royal commission hearings kicks off, according to new market research.

Consumers have less trust in the big four banks, study finds
27 June 2018
mortgagebusiness

Trust in the big four banks has plummeted as customer-owned financial institutions gain some trust, according to new research.

Bouris says legacy wealth business ‘did not fit’ YBR model
26 June 2018
Mark Bouris

Yellow Brick Road has announced the sale of its legacy wealth business as it focuses on its existing network of YBR branches and Vow mortgage brokers.

Bank’s rate hike triggered by ‘severe’ rise in funding costs: CFO
26 June 2018
Rate hike

The chief financial officer of an Australian bank has claimed that the lender had no choice but to hike interest rates on its mortgage products in order to offset the “substantial effect” of ...

Banks admit to further failings as RC rolls on
25 June 2018
mortgagebusiness

The financial services royal commission has heard evidence of further wrongdoing from several lenders, including three major banks, as the public inquiry into the sector continues.

Young mortgage professionals awarded at Sydney event
25 June 2018
mortgagebusiness

A handful of young Australians working in the mortgage and finance industry have been recognised for their excellence at the inaugural Young Leaders in Finance Awards.

Risks shift to non-banks as majors tighten up
25 June 2018
tighten lending

Australia’s non-ADIs have been “making hay” off tighter lending conditions, but their appetite for interest-only and non-conforming loans carry risks, according to a mortgage market analyst

Sydney units to bear the brunt as housing market turns
25 June 2018
mortgagebusiness

Australia’s property market slowdown is set to continue over the coming years, with a particularly challenging outlook for the Sydney apartment market, according to BIS Oxford Economics.

Banks hike home loan rates
22 June 2018
mortgagebusiness

Two lenders have announced rate changes on their home loan offerings, with rises of up to 40 basis points.

Inaugural chair of housing affordability body announced
21 June 2018
mortgagebusiness

The federal government has announced the appointment of the inaugural chair of the National Housing Finance and Investment Corporation.