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Economy

Report identifies big gap in mortgage distribution

While they generally agree that broker market share will hit 60 per cent, Australian lenders are heavily doubting whether traditional branches can make up the remaining 40 per cent of volume

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Mortgage platform completes capital raising

A fintech start-up that delivers leads to mortgage brokers has successfully raised funds to upgrade its resources and marketing reach.

mortgagebusiness
BMM reduces rates by 1%

Better Mortgage Management (BMM) has slashed interest rates and increased the maximum loan amounts for several of its home loan products.

mortgagebusiness
Consumer confidence on the mend

Fresh figures have recorded an increase in consumer confidence levels, following a period of steady decline.

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Rubik to drive MyState’s digital banking transformation

Mortgage and banking technology provider Rubik Financial has been selected by MyState Limited to help transform the group’s digital channels and customer experience offering.

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Former AMP chairman laments culture

In his final speech at AMP’s annual general meeting last week, former chairman Simon McKeon said the financial services industry “needs to do better” when it comes to culture.

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Housing affordability debate heats up

Property investors have been unfairly caught in the crossfire amid the examination of the current housing affordability crisis, according to a national property advisory firm.

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RMBS arrears rise, auto delinquencies fall

Moody’s Investors Service says mortgage delinquencies will continue to increase in Australia, with rental yields in the two biggest cities to pose “some risk”.

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One major bank could ‘disappear’, says CEO

The chief executive of a leading Australian financial services company believes one of the major lenders could “disappear” in the next 20 years as fintech providers take over.

mortgagebusiness
Mortgage rates continue to fall

Three banks and one mortgage funder have announced changes to their home loan rates, showing that the Reserve Bank’s cash rate cut is still taking effect. 

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