Economy

Mortgage trusts’ FUM ‘nearly doubled’ in the past year
18 April 2018
mortgagebusiness

The value of funds under management held by 10 of Australia’s “most recognised” mortgage trusts has “nearly doubled” in the past 12 months, according to new research.

Banks urged to put ‘stronger focus’ on customers
18 April 2018
mortgagebusiness

The eighth and final report looking at the Banking Reform Program has been released, calling that a “stronger focus on customers and their individual circumstances needs to become an ...

Heritage Bank’s third-party visionary to retire
17 April 2018
Heritage Bank’s third-party visionary to retire

Long-serving Heritage Bank senior executive Paul Francis has announced his retirement, after a 28-year career that saw him introduce the group’s mortgage broker distribution channel.

Brisbane unit market ‘a buyer’s market’
17 April 2018
mortgagebusiness

The current state of Brisbane’s unit market is a viable option for investing in the capital city, a property specialist has claimed.

Draft legislation aims to reduce barriers to new banks
17 April 2018
mortgagebusiness

The federal government has released exposure draft legislation designed to enhance competition in the financial services sector.

Aussies blowing the budget to buy a home
16 April 2018
mortgagebusiness

More than a fifth of Australian home buyers are exceeding their own spending limit when purchasing a property, according to a new ME research.

Small business loan ABS trust first to be assigned rating
16 April 2018
mortgagebusiness

Prospa’s Australian small business loan asset-backed securities trust has become the first in Australasia to be assigned a rating.

Mortgage delinquencies set to rise: Moody’s
16 April 2018
mortgagebusiness

Home loan arrears are expected to increase “moderately” through 2018, driven by a “softening” housing market, according to a Moody’s analysis.

Banking sector experiencing ‘triple whammy’ of change
16 April 2018
mortgagebusiness

The CEO of the Australian Banking Association has suggested that while the banks are undergoing “intense and relentless scrutiny” driven by three forces, there is a “once-in-a-generation ...

Non-majors gaining ground on big banks
13 April 2018
mortgagebusiness

The proportion of broker-originated mortgages from non-major banks has increased by 15 per cent over the past five years, new data has revealed.