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Economy

New $1bn fund aims to help ‘unlock new housing supply’
20 December 2017
mortgagebusiness

The government has announced that its new National Housing Infrastructure Corporation will comprise a $1 billion National Housing Infrastructure Facility that will “fund infrastructure to ...

Bank appoints new CEO - 2017
19 December 2017
mortgagebusiness

A major bank’s subsidiary has appointed a new executive to its leadership team.

Home loan arrears continue to decline
19 December 2017
mortgagebusiness

Australian home loan arrears fell during the month of October, continuing the trend from previous months, S&P Global Ratings has reported.

New York giant enters Aussie mortgage market
18 December 2017
mortgagebusiness

Blackstone, the New York-based global asset management firm, has entered the Australian mortgage market after acquiring a majority stake in a leading non-bank lender.

LIXI announces leadership team reshuffle
18 December 2017
mortgagebusiness

The not-for-profit company that develops data message transaction standards for the Australian mortgage processing industry, LIXI Limited, has appointed Choice CEO Stephen Moore as its new ...

Major bank sells stake in foreign ADI
18 December 2017
mortgagebusiness

A big four bank has completed the sale of its 20 per cent stake in a Chinese bank.

UBS says mortgage downturn will be worse than expected
18 December 2017
mortgagebusiness

Tighter lending conditions, cooling property prices and closer scrutiny of living expenses are expected to drive a more prolonged downturn in mortgage lending over the next five years.

Banks being used as ‘political pawn’, says CEO
15 December 2017
mortgagebusiness

Mortgage Choice chief executive officer John Flavell believes that the Royal Commission into the banking sector is yet another example of point scoring by Australia’s major political parties

Centrepoint Alliance names new CEO
15 December 2017
mortgagebusiness

The dealer group and mortgage aggregator has announced that Angus Benbow will become its new chief executive, commencing in the role in April of next year.

Major bank refunds millions to interest-only customers
15 December 2017
mortgagebusiness

Westpac has announced that it will refund approximately $11 million to thousands of customers after a “system error” that affected home loans as far back as 1993.