Economy

California-based investment manager KKR will pay a significant premium to acquire non-bank lender Pepper after the group today announced that it has entered into a scheme implementation deed

The entry requirements for broking are “too low”, and if brokers want to be held in the same light as solicitors and accountants, they need to be educated accordingly.

Interest-only lending changes driven by increased regulatory scrutiny are creating processing headaches for the non-major banks.

More than one in five NSW households will be in "housing need" by 2025, 5 per cent higher than the national average, a new study has revealed.

A “sharp correction” in the housing market is unlikely to occur in the next two years, but an “orderly unwinding” is on the cards, S&P has said.

Cheaper funding and recent rate hikes are increasing the “implied spread” of the big four, according to the Reserve Bank of Australia, with funding costs tipped to fall even further.

Industry players have indicted the federal government as having “no interest” in solving declining housing affordability for young Australians.

Demand for fixed rate home loans has risen to its “highest level in more than three years”, according to Mortgage Choice’s latest research.

Genworth Mortgage Insurance has reported a 34.7 per cent drop in its net profit for the first half of 2017, reflecting lower sales of insurance and an increase in delinquencies.

Around $55 billion worth of loans have been reclassified as owner-occupied since July 2015, the Reserve Bank of Australia reports, with $1.3 billion alone switched in June this year.