Economy

iSelect has announced the appointment of Nadine Lennie as its new chief financial officer, after an “extensive search process” that began in November last year.

“Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a report from the Australian Competition and Consumer Commission

New figures from the prudential regulator have shown that assets held by mutual banks have continued to rise, totalling nearly $111 billion for the quarter ending December 2017.

The royal commission has heard how a major bank pays its introducers up to 60 basis points commission for referring mortgage customers.

Home values this week saw varying levels of fluctuations, according to the latest CoreLogic data.

Assets held by securitisers spiked by 6 per cent in the December quarter, according to the latest figures from the Australian Bureau of Statistics.

High-income earners are accumulating larger credit card debts, with unemployed Australians also accumulating a high level of debt, new data has suggested.

Non-bank lender Firstmac has priced a $600-million residential mortgage-backed securities issue at 1.05 per cent over the bank bill swap rate.

CBA has launched a new tier-one hybrid security, PERLS X, with a margin expected to be set between 3.4 per cent and 3.6 per cent above the 90-day bank bill swap rate.

After four years leading the operational, strategy and sales divisions at CoreLogic, Matt Carlson has been appointed as the group’s new general manager of benchmarking solutions, effective ...