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Economy

Former Prime Minister joins major bank
18 October 2017
mortgagebusiness

Former New Zealand Prime Minister Sir John Key has been named as the next chair of ANZ New Zealand following the retirement of John Judge next year.

‘This is a real risk’: Morrison on mortgages
18 October 2017
mortgagebusiness

Treasurer Scott Morrison has acknowledged Australia's debt risks but believes that lending curbs are working. The RBA, however, isn't so sure that they are.

Australian housing market is ‘frothy’
18 October 2017
mortgagebusiness

A property finance lawyer has said that he does not believe that the Australian housing market is in a “bubble”. Instead, he describes it as “frothy”, comprising lots of “little bubbles”.

RBA to begin ‘top-down’ stress testing
17 October 2017
mortgagebusiness

The Reserve Bank of Australia has announced that it will conduct a series of “top-down” stress tests on Australia’s banking system.

ABA names new chair
16 October 2017
mortgagebusiness

The Australian Bankers’ Association has resolved to nominate the CEO of a big four bank as chair at its annual general meeting in early December.

Sharp increase in mortgage holders with no equity
16 October 2017
mortgagebusiness

The latest research from Roy Morgan has found that 8 per cent of Australian mortgage holders have little or no real equity in their home.

AFCA a ‘game-changer’, says O’Dwyer
16 October 2017
mortgagebusiness

Minister for Revenue and Financial Services Kelly O’Dwyer has strongly defended the government’s proposed Australian Financial Complaints Authority, despite criticism from one of the ...

BOQ doubles mortgage settlements in second half
13 October 2017
mortgagebusiness

The Bank of Queensland has highlighted the strength of its broker-originated volumes and Virgin Money mortgage business after posting a 5 per cent increase in cash earnings to $378 million

Sydney prices fall for first time in 3 years
13 October 2017
mortgagebusiness

The latest State of the Market Report – Metro, released by Domain, details the current state of the property markets in Australia’s capital cities, revealing the first decline in the Sydney ...

Major bank CEO defends ‘judgement’ to reprice half the book
12 October 2017
mortgagebusiness

The boss of a big four bank says he stands by a decision to hike rates by 34 basis points for more than 800,000 home loan customers, labelling the increase a “judgement” that was not driven ...