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Economy

ThinCats unveils new credit tool
29 June 2016
mortgagebusiness

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

Brexit: How it affects the local market
28 June 2016
mortgagebusiness

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?

Loan arrears continue to rise
28 June 2016
mortgagebusiness

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.

Real estate ‘vectors of distress’ could bring banks down
27 June 2016
mortgagebusiness

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.

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.