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Economy

Banks warned against ‘rolling the dice’ as growth slows
15 November 2016
mortgagebusiness

The prudential regulator has cautioned banks about the temptation to “save a few pennies” and drive growth in a low-interest rate environment by resorting to risky behaviour.

Mistrust of banks has become ‘entrenched’, says Turner
15 November 2016
mortgagebusiness

Outgoing CBA chairman David Turner says the group is concerned about the growing number of people questioning their trust in the organisation.

Smaller capitals to overtake Sydney and Melbourne
15 November 2016
mortgagebusiness

New research has found that in recent years Hobart and Canberra have been experiencing higher rental yields and accelerating growth, closing in on year-on-year top capital performers Sydney ...

Risk-averse banks holding fintech back: report
15 November 2016
mortgagebusiness

Innovation is being ‘squashed’ within the financial sector by the big banks’ determination to maintain the status quo, according to a new Capgemini report.

Non-bank integrates mortgage book following merger
14 November 2016
mortgagebusiness

Queensland-based mortgage manager Future Financial has recently integrated the portfolio of fellow mortgage manager Pioneer Mortgage Services.

Business conditions exhibiting ‘clear downward trend'
14 November 2016
mortgagebusiness

A recent survey has shown some moderation in the country’s non-mining economic recovery, with the aggregate level of business conditions dropping in October.

Trump victory a lesson in brand power
11 November 2016
mortgagebusiness

Love him or loathe him, Donald Trump will be the next President of the United States. Mortgage industry pioneer Mark Bouris told brokers earlier this year how Trump’s rise from reality TV ...

Record-breaking bank profits over: EY
11 November 2016
mortgagebusiness

A number of headwinds are putting the profitability of the major banks under pressure, and the run of record-breaking profits in recent years is likely to have ended, says EY.

Non-bank closes first CMBS deal
11 November 2016
mortgagebusiness

A leading non-bank lender has successfully closed off its first public commercial mortgage backed securitisation (CMBS) transaction of $280 million.

Bank branches and call centres to go by 2030
10 November 2016
mortgagebusiness

Professional services giant KPMG believes Australia's major banks will be “invisible” in less than 15 years, by which time customer service call centres and branch networks will be ...