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Economy

A quarter of Australians worry about money daily
29 March 2017
mortgagebusiness

Nearly a quarter of Australians worry about their finances on a daily basis, new research has found, which the CEO of Mortgage Choice has said is a “startling statistic”.

Chinese buyers to cushion housing correction: Credit Suisse
28 March 2017
mortgagebusiness

The global investment bank believes Chinese demand for Australian property will continue to grow and actually soften the blow of the “coming downturn”.

Pepper breaks record with $900 RMBS transaction
28 March 2017
mortgagebusiness

Listed non-bank lender Pepper has priced its $900 million Pepper Residential Securities Trust No 18 (PRS18) RMBS issue.

Count Financial wins case over negligent advice
28 March 2017
mortgagebusiness

A judge has dismissed claims from a client that negligent advice from Commonwealth Bank-owned Count Financial resulted in the loss of their life savings.

Commonwealth Bank names new group CFO
27 March 2017
mortgagebusiness

The Commonwealth Bank has named its next group chief financial officer to replace the outgoing David Craig, who leaves the bank on 30 June 2017.

Home renovations set to boom
27 March 2017
mortgagebusiness

A recent report by a housing industry body has predicted that home renovations will become an increasingly important part of the residential building industry over the next few years.

Non-major follows big four with variable rate hike
24 March 2017
mortgagebusiness

A regional bank has today announced a 25 basis point rate increase to its variable rate investor home loans, pushing its new rate above 6 per cent.

Bank chief confirms ‘channel of choice’ for home loans
24 March 2017
mortgagebusiness

The chief executive of one of Australia’s largest banks has outlined the group's distribution strategy following a multi-million investment in its mortgage business.

Consumer confidence falls for third week straight
24 March 2017
mortgagebusiness

An ongoing weakness in consumer confidence is being driven by households’ concerns about both current and future economic conditions, according to fresh figures from ANZ.

Home loan arrears climb 19% year-on-year
23 March 2017
mortgagebusiness

A global ratings agency has revealed that the percentage of Australian mortgages in arrears increased at the end of the fourth quarter last year.