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Economy

Non-bank captures investor market, doubles mortgage flow
24 October 2016
mortgagebusiness

A leading non-bank mortgage provider says it has seen a significant increase in demand for investor loans, helping its total originations more than double over the last 12 months.

Banking group snaps up real estate portal
24 October 2016
mortgagebusiness

After months of speculation and negotiation, a group of investors has been approved to take over a real estate portal.

Bankers' CEO to step down
21 October 2016
mortgagebusiness

ABA chief executive Steven Münchenberg has informed chairman Andrew Thorburn that he will be departing the industry organisation.

Bank benefits from ‘avocado gate’
21 October 2016
mortgagebusiness

Controversial comments from social commentator Bernard Salt about “hipsters” spending money on eating “smashed avocado” instead of homes has given non-major bank ME's most recent home loan ...

Mortgage arrears rise to highest level in years
21 October 2016
mortgagebusiness

The proportion of Australian residential mortgages that are more than 30 days in arrears has risen to “the highest level in three years” and will only “continue to rise”, a report has ...

Foreign debt could haunt Australia: S&P Global
21 October 2016
mortgagebusiness

Australia’s high level of foreign indebtedness represents a “very large vulnerability” for the major banks and the economy as a whole, says S&P Global.

'Unprecedented' mortgage discounting to come to an end
20 October 2016
mortgagebusiness

JP Morgan has warned that widespread price discounting in the mortgage sector could soon end as the major banks face the task of preserving mortgage profitability.

Mortgage ad targets digitally-savvy borrowers
20 October 2016
mortgagebusiness

A fintech mortgage service has launched an ad campaign aimed at targeting the “growing number of people” who prefer the mortgage process to be a primarily digital experience.

APRA to probe banker salaries
20 October 2016
mortgagebusiness

The prudential regulator has revealed it will investigate the remuneration practices of banks, insurance companies and superannuation firms as it looks to promote good risk culture.

UBank founder named CEO of Australia’s newest bank
19 October 2016
mortgagebusiness

A leading financial services executive has been appointed CEO of a newly-licenced Australian bank.