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Economy

ASX-listed banking group directors step down
20 March 2017
mortgagebusiness

MyState Limited has announced that two of their directors will be retiring from its board later this year.

Aussie borrowers ‘will not be unscathed’ by US Fed’s rate hike
17 March 2017
mortgagebusiness

The US Federal Reserve’s decision to lift interest rates by 25 basis points will have knock-on effects for Australian mortgage holders, according to a credit union CEO.

Online mortgage marketplace offers insurance rebate
17 March 2017
mortgagebusiness

HashChing is offering customers who settle a new mortgage through its platform a 25 per cent rebate off the premium of a one-year home insurance policy.

Investors to be smashed by mortgage repricing
16 March 2017
mortgagebusiness

New capital requirements under Basel 4 could see property investors hit by rate hikes of up to 3 per cent, according to JP Morgan.

Banks can withstand a housing downturn: RBA
16 March 2017
mortgagebusiness

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.

Heritage Bank appoints COO
16 March 2017
mortgagebusiness

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

Mortgage delinquencies on the rise: Moody’s
15 March 2017
mortgagebusiness

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

Industry body welcomes residential zone changes
15 March 2017
mortgagebusiness

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

Home loan settlements surge 54% for challenger bank
13 March 2017
mortgagebusiness

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.

Mortgage demand unwavering
13 March 2017
mortgagebusiness

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.