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Economy

Travel expenses for investors no longer deductible
14 July 2017
mortgagebusiness

Individual investors with residential investment properties will no longer be able to deduct travel expenses, including travel costs associated with inspecting and maintaining properties, ...

Nearly a fifth of people turned down for a loan
14 July 2017
mortgagebusiness

Eighteen per cent of Australians have been turned down for a home loan by a financial institution and nearly one in 10 have been rejected by a big four bank, according to new research.

APRA to have ‘stronger powers’ over bankers
14 July 2017
mortgagebusiness

Treasury has released a 20-page consultation paper on its Banking Executive Accountability Regime, referred to throughout by its acronym BEAR, giving the industry exactly three weeks to ...

Advantedge lifts variable rates
13 July 2017
mortgagebusiness

The NAB-owned funder has today announced it will increase the interest rate on all new and existing variable rate interest only home loans.

US recession ‘likely’ in a few years: Pimco
12 July 2017
mortgagebusiness

An economic recession in the US in the next three to five years is “more likely than not”, says Pimco.

HashChing partners with e-conveyancer to remove settlement ‘pain’
11 July 2017
mortgagebusiness

Mortgage marketplace HashChing has partnered with an e-conveyancing platform, in a move designed to make the entire home-purchasing process “pain-free”.

Medium-density housing on the rise
10 July 2017
mortgagebusiness

The latest CoreLogic analysis shows that medium-density housing has been the most popular kind of housing in the last five years.

MSA National hits digital transformation milestone
10 July 2017
mortgagebusiness

Mortgage industry services provider MSA National and professional services giant EY have announced the completion of phase one of MSA’s robotics process automation (RPA) program.

Artificial intelligence could help customers reach home ownership goal
10 July 2017
mortgagebusiness

An Australian bank will use artificial intelligence to assist customers in budgeting and reaching their home ownership aspirations.

LMI player ‘at the frontline’ of rising delinquencies
10 July 2017
mortgagebusiness

Risks are rising for Australia’s largest mortgage insurer with one banking analyst warning that Australia’s “benign credit environment” won’t last forever.