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Economy

Report shines light on cybercrime in financial services

A global telecommunications provider has released a new report that provides a first-hand look at cyber security investigations, including those involving the financial services sector.

mortgagebusiness
Business conditions recover in February

Fresh figures have revealed that business conditions bounced back significantly last month.

mortgagebusiness
APRA issues fresh warning to banks

The prudential regulator has warned Australian banks that inaccurate reporting of mortgage data has serious ramifications for monetary policy and financial stability.

mortgagebusiness
‘Mum and dad’ investors face settlement risk

The head of a national real estate network has warned that “mums and dads” who paid deposits on multiple off-the-plan properties could be at risk if valuations fail to match prices.

mortgagebusiness
Liberty’s mortgage bonds receive AAA rating

Liberty Financial has been assigned an AAA rating for three classes of its residential mortgage-backed securities (RMBS).

mortgagebusiness
Land values rise further across capitals

New figures show that vacant land prices increased across every state capital city in 2015, with four experiencing double-digit growth.

mortgagebusiness
CUA to launch new $23m mortgage platform

Credit Union Australia will launch a new loan origination system in 2016 following a year of record home lending.

mortgagebusiness
Home loan demand plummets for owner occupiers

New figures from the Australian Bureau of Statistics show that the volume of new home loans for owner occupiers declined significantly during the first month of 2016.

mortgagebusiness
Increased housing supply cooling house prices: RBA

The Reserve Bank of Australia has reaffirmed that it is continuing to monitor developments in the housing market “very closely”.

mortgagebusiness
Banks display ‘resilience’ in reporting season

Negative sentiment surrounding the reporting season is “overdone”, with banks delivering solid balance sheets and capital ratios, according to Morningstar.

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