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Economy

UK fund to back ThinCats Australia

ThinCats Australia has announced that UK-based alternative finance fund ESF Capital will acquire a 30 per cent stake in the peer-to-peer (P2P) business lending platform.

mortgagebusiness
Investor loans at risk of default

Moody’s Investors Service has warned that rate hikes will put investor mortgages at risk of default at a time of record low rental yields and decreasing affordability of servicing investment ...

mortgagebusiness
‘No room’ for delayed banking reforms: COBA

The Customer Owned Banking Association has issued a warning against any delays to Australia’s banking reforms, amid concerns that some reforms could take up to five years to implement.

mortgagebusiness
Rubik appoints new HR chief

Mortgage technology provider Rubik Financial has announced the appointment of its new head of human resources.

mortgagebusiness
Fear of further rate hikes drives spike in fixed-rate mortgages

One of Australia’s largest aggregation groups has seen a significant increase in fixed-rate home loans being written in the first three months of 2016.

mortgagebusiness
Pepper searching for ‘next big thing’ in financial services

Pepper Group has invested a significant amount of money in a global start-up network to gain access to innovative ideas from a range of industries.

mortgagebusiness
Mortgage arrears fall significantly in NSW

The proportion of residential loans more than 30 days in arrears has dropped to its lowest level since 2005 in New South Wales, according to new data released by Moody’s Investors Service

mortgagebusiness
Confidence among businesses lifts again

Business confidence saw another increase last month following stabilisation in the Australian share market throughout March.

mortgagebusiness
Investors seeking ‘sturdy’ mortgage trusts

New data has revealed that investor confidence in mortgage trusts is on the rise, with peer-to-peer lenders increasing their prevalence in the market.

mortgagebusiness
NSW hit by ‘sharpest slowdown’ in mortgage demand

New figures from Veda reveal that mortgage application growth has slowed significantly for the third consecutive quarter.

NSW hit by ‘sharpest slowdown’ in mortgage demand
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