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Banks agree to new code of practice
21 December 2017
mortgagebusiness

A new banking code of practice, which includes new protections for guarantors, notification of loan default reporting and “no more unsolicited offers to increase credit card limits”, has ...

ANZ pledges to restore confidence in banks
21 December 2017
mortgagebusiness

The chairman of ANZ, David Gonski, has stressed the need for a restoration of confidence in the banking sector, pledging to adopt a “progressive” and “respectful” approach on community ...

Reserve Bank highlights slowdown in housing credit
20 December 2017
mortgagebusiness

The minutes of the Reserve Bank of Australia’s most recent board meeting show that the board considered the recent slowdown in housing credit when making its cash rate decision.

Half of bitcoin transactions used to buy drugs, weapons
20 December 2017
mortgagebusiness

A forensic analysis conducted by the University of Technology Sydney has found bitcoin to be the “PayPal of the dark web”.

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.