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Economy

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.  

CCR legislation introduced into Australian Parliament
29 March 2018
mortgagebusiness

Legislation to enforce mandatory comprehensive credit reporting (CCR) has been introduced into the Australian Parliament on Wednesday by Assistant Minister to the Treasurer Michael Sukkar

ING reports 18% profit boost as loans rise
28 March 2018
mortgagebusiness

The bank has released its results for the 2017 calendar year, reporting a 9.9 per cent rise in loans and an 18 per cent profit increase.

Data sharing to transform expense verification
28 March 2018
Data sharing to transform expense verification

A leading fintech investor believes the data economy could become as significant as the financial services sector over the next 20 years.

Major bank cracks down on living expenses
28 March 2018
mortgagebusiness

A big four bank will soon require brokers to provide additional information and supporting documents to give an “accurate view” of their clients’ living expenses.

Queensland drags down new home sales
27 March 2018
mortgagebusiness

Sales of new detached houses declined for the second consecutive month during February, although several key markets experienced growth.