Economy

Mortgage fraud claims spark strong reaction from big banks
11 May 2016
mortgagebusiness

Two major banks have responded to recent reports of suspected fraud by mortgage customers who rely on income from overseas.

Queensland bank set for rebrand
11 May 2016
mortgagebusiness

A Queensland-based lender has announced it will change its trading name in an attempt to secure future growth and remain relevant with members.

Banks welcome government review
10 May 2016
mortgagebusiness

The Australian Bankers Association (ABA) says the federal government’s review into external dispute resolution schemes in the finance sector will go hand-in-hand with its new measures aimed ...

YBR offers lowest rate on record
9 May 2016
mortgagebusiness

Yellow Brick Road has today announced its lowest ever variable home loan rate after passing on the RBA’s full rate cut.

Court approves bank merger
9 May 2016
mortgagebusiness

The Supreme Court of Queensland has approved the first merger between an ASX-listed bank and a mutual ADI in more than 10 years.

Banks fail govt on small business credit
9 May 2016
mortgagebusiness

The banks’ unwillingness to provide cash flow lending to SMEs will condemn the federal government’s asset write-off provisions to failure, a leading fintech expert has warned.

Analysis: The aftermath of the 2016 budget
6 May 2016
mortgagebusiness

The 2016 federal budget has been met with mixed reviews. However, it was generally good news for business owners in the mortgage and real estate industries.

RBA names new governor
6 May 2016
mortgagebusiness

Treasurer Scott Morrison has announced the appointment of a new governor of the Reserve Bank of Australia.

Genworth director announces retirement
6 May 2016
mortgagebusiness

Mortgage insurance provider Genworth has announced the retirement of one of its board members after reporting a significant fall in profits for the first quarter of 2016.

Industry expert calls for universal land taxes
6 May 2016
mortgagebusiness

A prominent industry analyst has called for universal land taxes to be introduced after new figures by the Australian Bureau of Statistics revealed that the majority of state and local ...