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Economy

‘We are in the midst of a crisis,’ says Percy
13 June 2017
mortgagebusiness

A conversation with a Sydney restaurant manager led Adelaide Bank general manager Damian Percy to realise that the housing affordability issue has reached crisis levels.

NSW government accused of funnelling FHBs into apartments
13 June 2017
mortgagebusiness

The chief executive of a Sydney real estate group believes the state government is using first home buyers to soak up apartment supply in the nation's most expensive market.

UBS flags reverse mortgage risk as market turns
9 June 2017
mortgagebusiness

A surprise decision by a regional bank to exclude reverse mortgage earnings from its cash profit calculations has led UBS to question whether the bank has “rung the bell” on housing.

Housing has become ‘largest risk’ to Australia: OECD
9 June 2017
mortgagebusiness

Australian economic growth is projected to reach almost 3 per cent in 2018, but the possibility of plummeting house prices presents the country’s “largest domestic risk”.

Channel conflict: have your say
9 June 2017
mortgagebusiness

A new survey is asking mortgage brokers for their thoughts on channel conflict, and whether they have been affected by lenders directly approaching and refinancing their clients.

BOQ has ‘fixed’ its broker problems: Morningstar
8 June 2017
mortgagebusiness

Analysts are confident Bank of Queensland can restore its home lending to system growth after a fall in broker-originated loans drove a 3 per cent reduction in its mortgage book over 12 ...

Credit giant to replace Australian MD
8 June 2017
mortgagebusiness

Global consumer credit reporting agency Equifax, which last year acquired Veda, has announced senior leadership changes in its Australian business.

Delinquency rates on the rise in 2017
8 June 2017
mortgagebusiness

The performance of Australian residential mortgage-backed securities deteriorated over the first quarter of 2017, Moody’s Investors Service has reported.

Former third-party boss to join Genworth
7 June 2017
mortgagebusiness

The former head of bank intermediaries at Suncorp, Steven Degetto, is to join a leading provider of Lenders Mortgage Insurance as chief commercial officer.

FHBs need to save for 40 years for deposit: UBS
7 June 2017
mortgagebusiness

It could take ‘typical’ first home buyers 40 years to save enough for a Sydney home deposit, a new report has found.