Economy

Australia to ‘definitely’ lose AAA rating
1 July 2016
mortgagebusiness

There is “no question” that Australia will lose its AAA rating in 2016, with the downgrading likely to occur by August at the latest, according to one investment manager.

Non-major on a winning streak with mortgage sales
30 June 2016
mortgagebusiness

A challenger bank that sees 90 per cent of its mortgages written through the third-party channel is bucking the trend among non-majors by consistently growing its mortgage market share.

Investors ‘doubling up’ on Aussie real estate
30 June 2016
mortgagebusiness

Investors whose portfolios are dominated by Australian property should consider the diversification benefits of global listed real estate, according to a boutique investment manager.

Mortgage industry threatened by new disruptors
29 June 2016
mortgagebusiness

A new report has warned that Millennials have become the leading disruptors in Australia’s financial sector, with their appetite for innovative, real-time service presenting significant ...

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.