Economy

MFAA CEO steps down over ‘strategic differences’
22 June 2016
mortgagebusiness

The CEO of the Mortgage and Finance Association of Australia (MFAA), Siobhan Hayden, has stepped down due to strategic differences with the board.

Bank doubles investor loan book value
22 June 2016
mortgagebusiness

Seven third-party banks recorded double-digit growth in the sizes of both their investor and owner-occupier lending portfolios over the 12 months to April, with one bank more than doubling ...

Analysis: Is the mortgage industry ready for disruption?
22 June 2016
mortgagebusiness

Fintech businesses have descended on the mortgage market in recent months, eager to establish themselves as legitimate distribution channels. But are banks and brokers ready to embrace new ...

Australia’s top mutual bank revealed
22 June 2016
mortgagebusiness

A non-major bank that entered the third-party channel last year has been crowned Australia’s best customer-owned institution.

NSW scraps mortgage duty
21 June 2016
mortgagebusiness

The New South Wales government has confirmed that three business taxes will be abolished from 1 July following the unveiling of the state budget today.

ME cuts home loan rates
21 June 2016
mortgagebusiness

Industry super fund-owned bank ME has today announced further rate cuts for owner-occupiers and investors.

Firstmac sale underscores ‘dilemma’ for non-banks
21 June 2016
mortgagebusiness

Australia’s non-bank lenders are in desperate need of alternative funding as securitisation markets fail to deliver, according to mortgage market analysts.

Securitisation could provide soft landing for non-performing loans
21 June 2016
mortgagebusiness

A global investment bank believes securitisation could hold the key for Chinese banks to improve their asset quality as China’s non-performing loans continue to rise.

Incoming supply could dent Melbourne's house prices
21 June 2016
mortgagebusiness

Melbourne’s housing market is “nearing a peak and could be entering a slump”, according to a new report.

Firstmac to be sold
20 June 2016
mortgagebusiness

One of Australia’s largest non-bank lenders has been put on the market, with reports suggesting the company could be worth up to $500 million.