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Economy

S&P reveals global credit outlook for 2018
13 December 2017
mortgagebusiness

Standard & Poor’s is not anticipating any “major shifts” in its credit outlook for 2018, acknowledging, however, that the outcomes of the Royal Commission could change its views.

Housing slowdown will continue: HSBC
12 December 2017
mortgagebusiness

Property prices will continue to cool into 2018, but low rates and strong population growth should prevent a severe correction.

‘Significant concern’ that banks misled mortgage customers
12 December 2017
mortgagebusiness

A parliamentary committee fears that consumers were led to believe the major banks lifted interest-only rates for the sole purpose of meeting regulatory requirements.

APRA appoints former banking exec to new role
11 December 2017
mortgagebusiness

The prudential regulator has appointed a former executive of Deutsche Bank to a newly established role.

New reforms see ACCC target major bank mortgages
8 December 2017
mortgagebusiness

The House of Representatives standing committee on economics has recommended that the ACCC assess the pricing decisions of interest-only mortgages earlier this year.

ASX to introduce blockchain software
7 December 2017
mortgagebusiness

The ASX has confirmed that it will replace CHESS with a solution developed by Digital Asset after spending more than two years exploring distributed ledger technology.

Borrowers undeterred by higher deposits
7 December 2017
mortgagebusiness

First home buyers are as active as ever in the Australian housing market, but they are spending more time saving for increasingly higher deposits, new data from Bankwest has revealed.

Demand for new houses to fall: BIS
7 December 2017
mortgagebusiness

Demand for new houses across Australia’s eastern seaboard has peaked and is set to decline, a new report has suggested.

Finsure merger a ‘dilutive proposal’ for shareholders
6 December 2017
mortgagebusiness

Lawyers representing non-bank lender Firstmac have warned that if the proposed merger between Finsure and ASX-listed ADI Goldfields Money goes ahead, it will leave shareholders with a ...

RBA reveals cash rate decision - Dec 2017
5 December 2017
mortgagebusiness

The cash rate for December has been announced by the Reserve Bank of Australia following its regularly scheduled monthly board meeting.