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Economy

Online platform inks $20m deal with bank
27 June 2016
mortgagebusiness

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.

AMP appoints new chair
27 June 2016
mortgagebusiness

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

Market mayhem as BBC calls Brexit outcome
24 June 2016
mortgagebusiness

Global markets have been sent into a spin as the BBC projects a victory for the “Leave” campaign.

Greater Bank introduces new investor rates
24 June 2016
mortgagebusiness

Greater Bank has made significant cuts to some of its fixed-rate home loans for investors.

Australian banks in ‘turmoil’, warns global firm
24 June 2016
mortgagebusiness

Recently announced measures designed to increase transparency in Australian banks are not enough to turn around the constant stream of scandals in the sector, warns a new report.

Investors own half of all Australian apartments
24 June 2016
mortgagebusiness

As the future of negative gearing hangs in the balance, a new report has found that almost half of Australian units are owned by investors.

Decimal appoints new chairman
24 June 2016
mortgagebusiness

Mortgage technology provider Decimal Software has appointed Hewlett-Packard Enterprise’s chief technology officer as its new non-executive chairman.

Auswide cuts rates for investors
23 June 2016
mortgagebusiness

Auswide Bank has announced rate reductions for some of its investor home loan products.

Labor policy could wreak havoc on mortgage market
23 June 2016
mortgagebusiness

Australia’s mortgage market could be in for a rough ride if Labor’s negative gearing proposals become a reality, a new report has warned.

RBA bullish on apartments despite settlement risks
23 June 2016
mortgagebusiness

The central bank believes apartments will continue to play an important role in the economy despite tighter credit conditions putting pressure on builders and buyers.