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Economy

CUA cuts rates by up to 43 basis points
16 June 2016
mortgagebusiness

Mutual lender CUA announced today it is cutting fixed interest rates for owner-occupiers by up to 0.43 per cent, with its two-year fixed rate for owner-occupiers falling to 3.96 per cent.

Class actions loom for mortgage professionals
16 June 2016
mortgagebusiness

A leading bank executive has warned that lawyers could soon prey on mortgage professionals as today’s lending standards become unacceptable tomorrow in light of ongoing regulatory changes

Heritage recruits marketing veteran
16 June 2016
mortgagebusiness

Heritage Bank has hired an experienced marketing professional in a bid to strengthen its focus on customers and digital technology.

Foreign investor surcharge ‘potentially disastrous’
16 June 2016
mortgagebusiness

The Real Estate Institute of Queensland (REIQ) has slammed the state government’s decision to introduce an additional surcharge to foreign investors, arguing that the new policy could not ...

Suncorp Bank CEO to retire
15 June 2016
mortgagebusiness

Suncorp Group’s banking and wealth division chief executive officer is retiring after six years with the company.

P2P funder makes key appointment
15 June 2016
mortgagebusiness

Australian peer-to-peer (P2P) invoice financier The Invoice Market (tim) has strengthened its senior management team by appointing a new national head of sales and referral partnerships.

WA leads nation for mortgage arrears
15 June 2016
mortgagebusiness

The number of home loans in arrears saw another increase during the first quarter of 2016, with Western Australia topping the nation.

Mutual banks outpace majors for mortgage growth
14 June 2016
mortgagebusiness

Home loan growth among the mutual banks was more than double that of the big four in the last quarter, new figures released by APRA and the Reserve Bank show.

DirectMoney makes new board appointment
14 June 2016
mortgagebusiness

ASX-listed lender DirectMoney has appointed a former banking executive as a new director of its board.

Australian dollar facing ‘perfect storm’
14 June 2016
mortgagebusiness

The Australian dollar is likely to experience its most volatile month in over a decade, according to a foreign exchange firm.