Economy

Financial services ‘most trusted’ on data, says Deloitte
16 May 2016
mortgagebusiness

The financial services industry is the “most trusted” sector when it comes to data privacy, according to a new study by Deloitte.

Firstmac announces rate changes
13 May 2016
mortgagebusiness

Non-bank lender Firstmac has announced it will pass on the Reserve Bank’s 25-basis-point cash-rate cut to its customers.

Resimac receives credit ratings boost
13 May 2016
mortgagebusiness

Non-bank lender Resimac has been assigned the top credit rating for three classes of its prime residential mortgage-backed securities (RMBS) by Standard & Poor’s (S&P).

Fintech threatens Australia’s major banks
12 May 2016
mortgagebusiness

The global fintech phenomenon threatens to steal the big four banks’ most valuable customers, a new report by Roy Morgan Research has warned.

Goldfields Money completes capital raising
12 May 2016
mortgagebusiness

WA-based bank Goldfields Money has announced that it has successfully completed a capital raising that will help loan book growth and further progress its digital banking transformation.

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.