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Economy

Australia to ‘definitely’ lose AAA rating

There is “no question” that Australia will lose its AAA rating in 2016, with the downgrading likely to occur by August at the latest, according to one investment manager.

mortgagebusiness
Non-major on a winning streak with mortgage sales

A challenger bank that sees 90 per cent of its mortgages written through the third-party channel is bucking the trend among non-majors by consistently growing its mortgage market share.

mortgagebusiness
Investors ‘doubling up’ on Aussie real estate

Investors whose portfolios are dominated by Australian property should consider the diversification benefits of global listed real estate, according to a boutique investment manager.

mortgagebusiness
Mortgage industry threatened by new disruptors

A new report has warned that Millennials have become the leading disruptors in Australia’s financial sector, with their appetite for innovative, real-time service presenting significant ...

mortgagebusiness
ThinCats unveils new credit tool

ThinCats Australia has enhanced the group's lending capability with the launch of a new credit assessment tool.

mortgagebusiness
Brexit: How it affects the local market

The historic Brexit referendum last week saw Britain vote to leave the European Union, with nearly 52 per cent in favour of the outcome. But what does it mean for Australia?

mortgagebusiness
Loan arrears continue to rise

New figures have revealed that the proportion of prime Australian housing loans in arrears has risen for the sixth consecutive month, but remains below the decade-long average.

mortgagebusiness
Real estate ‘vectors of distress’ could bring banks down

The Reserve Bank’s financial stability department chief has warned that it won’t be mortgage books that will bring banks down, but two key areas of the real estate market.

mortgagebusiness
Online platform inks $20m deal with bank

An Australian marketplace lender has signed a non-binding Term Sheet with a major bank to establish a $20 million three-year loan sale facility.

mortgagebusiness
AMP appoints new chair

AMP has named the new chair of its board, replacing Simon McKeon who stepped down from the role in May.

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