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Economy

Banks can withstand a housing downturn: RBA

Macroprudential measures enacted since 2014 have put the four major banks in a position to cope with any future falls in house prices, according to the RBA.

mortgagebusiness
Heritage Bank appoints COO

The challenger bank today announced the appointment of experienced banking executive Kevin Potter as its new chief operating officer (COO).

mortgagebusiness
Mortgage delinquencies on the rise: Moody’s

Moody's Investors Service says that the performance of Australian prime residential mortgage-backed securities (RMBS) deteriorated in Q4 2016.

mortgagebusiness
Industry body welcomes residential zone changes

The Victorian government’s plan to change some requirements of residential zones will improve suburbs’ housing outcomes, according to the Housing Industry Association (HIA).

mortgagebusiness
Home loan settlements surge 54% for challenger bank

A non-major bank has seen significant growth in mortgage settlements over the last six months of 2016, offsetting a fall in net interest margin.

mortgagebusiness
Mortgage demand unwavering

Fresh research has shown that the demand for home loans continues to be strong, with the number of dwelling commitments approved rising by 0.5 per cent throughout January.

mortgagebusiness
Business 101 — you're only as good as your last performance

Ever since we were young, we’ve been given advice.

Business 101 — you're only as good as your last performance
Genworth loses another major contract

LMI provider Genworth has informed shareholders that it has lost an exclusive agreement with its second biggest customer.

mortgagebusiness
‘Historic boom will mean a historic reversal’, says BIS

Australia is in “unchartered waters” when it comes to its current property boom, which will see a less orderly decline than ever before due to its sheer “eyewatering size”, according to a ...

mortgagebusiness
Rental listings climb higher

Fresh figures from CoreLogic show that the number of rental advertisements over the past year grew by around 9 per cent for both houses and units.

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