Economy

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 ...

Glenn Stevens to step down as RBA governor
5 May 2016
mortgagebusiness

Treasurer Scott Morrison has announced the successor to outgoing Reserve Bank of Australia governor Glenn Stevens.

Mortgage arrears to grow ‘modestly’: S&P
5 May 2016
mortgagebusiness

Australian housing loans in arrears rose for the fourth consecutive month in February for both prime and non-conforming residential mortgage-backed securities (RMBS), according to Standard ...

Business confidence continues upward trend
5 May 2016
mortgagebusiness

New figures show that business confidence continues to rise and now sits above its five-year average.