Economy

‘Out of hand’ investors could trigger RBA hike
20 January 2017
mortgagebusiness

A resurgence in investor lending could see the Reserve Bank lift the cash rate earlier than expected, according to a market analyst.

Remuneration report exposes ‘inconvenient truth’
19 January 2017
mortgagebusiness

The Sedgwick Review into remuneration has found that cross-selling targets carry “particular risks of inappropriate outcomes” and identified a number of issues with the way bank staff are ...

Non-major cuts mortgage rates
18 January 2017
mortgagebusiness

A Queensland-based bank has announced discounts on variable and fixed rates for both owner-occupied and investment loans.

Serviceability no longer a point of difference, says non-major
18 January 2017
mortgagebusiness

Finding a bank that allows you to borrow more is becoming increasingly difficult in an environment of increased regulation, according to an industry leader.

2017 will be better than you think: Deloitte
18 January 2017
mortgagebusiness

Despite protectionist rhetoric from the US and gloomy forecasts from the IMF, Deloitte believes three factors suggest global growth is about to surprise on the upside, with Asia leading the ...

High household debt changes bank outlook to ‘negative’
17 January 2017
mortgagebusiness

Fitch Ratings has revised its outlook on the Australian banking sector to negative from stable due to an increase in macroeconomic risks and high household debt.

Ratings agency pays $1.1bn in GFC settlement
17 January 2017
mortgagebusiness

The United States Justice Department and the District of Columbia have reached a US$864 million ($1.1 billion) settlement agreement with a global credit ratings agency.

US banks face underwriting challenge
17 January 2017
mortgagebusiness

US banks face increasing risk levels as underwriting standards continue to lower amid rising loan volumes, the US Office of the Comptroller of the Currency has said.

Big four bank changes fixed rate home loans
16 January 2017
mortgagebusiness

A major bank has decreased its one-year fixed rate for owner-occupied and investment home loans and increased its fixed-rates for longer terms, effective immediately.

Non-major names new head of retail banking
16 January 2017
mortgagebusiness

A non-major lender has appointed a former Westpac mortgage executive to the newly created role of head of retail banking.