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Economy

Student loan marketplace to branch out into mortgages
3 April 2018
mortgagebusiness

An ASX-listed student loan marketplace is to expand into mortgages, with the expectation of rolling out the offering in the US by the end of the year.

RBA announces cash rate decision
3 April 2018
mortgagebusiness

The Reserve Bank of Australia has today announced the official cash rate for April following its monthly board meeting.

RBA hikes cash rate - 2018
3 April 2018
mortgagebusiness

The Reserve Bank of Australia has announced its cash rate verdict for April, defying most of the industry’s expectations.

RBA drops cash rate to record low
3 April 2018
mortgagebusiness

The Reserve Bank of Australia has reduced the official cash rate for the first time in over seven years, bringing it to a new record low.

Regional banks issue warning to PC
3 April 2018
mortgagebusiness

Six of Australia’s largest non-major banks have cautioned the Productivity Commission over its recommendation to introduce a loan comparison tool, which the lenders claim could “mislead ...

Australia set for cash rate record
3 April 2018
mortgagebusiness

If the Reserve Bank of Australia leaves rates on hold today, it will be the longest stretch in the country’s history without a change in the official cash rate.

Government hikes market manipulation penalties for financial sector
29 March 2018
mortgagebusiness

Financial institutions found guilty of rigging financial benchmarks or a product used to determine benchmarks will be slapped with civil and criminal penalties of up to $9.45 million under ...

Banks in a ‘war’ for tech talent
29 March 2018
ANZ, war, tech talent

A major bank executive has revealed how the group is competing with tech giants like Google for top talent.

Xinja raises $2m via equity crowdfunding platform
29 March 2018
mortgagebusiness

The new digital lender has raised $2 million from more than 1,000 investors via equity crowdfunding platform Equitise.

Brokers flock to new e-lodgement platform
29 March 2018
mortgagebusiness

An e-lodgement solution developed by Simpology is fast gaining traction among lenders and aggregators, with user numbers growing tenfold in less than a year.