Economy

New data has revealed that investor confidence in mortgage trusts is on the rise, with peer-to-peer lenders increasing their prevalence in the market.

New figures from Veda reveal that mortgage application growth has slowed significantly for the third consecutive quarter.

Marketplace lender DirectMoney has delivered a record lending month in March, driven by its relationships with mortgage aggregation groups.

A pooled investment fund targeting high income returns from prime credit sourced by marketplace lending has opened to high-net-worth and institutional investors.

In case you missed it, Google recently announced the closure of Google Compare.

The Australian banking industry believes a royal commission into financial services is “unnecessary and a waste of taxpayer funds”.

One of Australia’s largest regional banks has achieved above system mortgage growth, driven by two critical distribution channels, over the six months to 29 February.

Several Australian banks – including the big four – may soon face a tough new challenge after the prudential regulator outlined plans to target their reliance on short-term wholesale funding

Short-term lender Assetline has launched a new company after identifying a “massively untapped area” in the market.

Qantas Credit Union has officially changed its name, and unveiled a new website and banking app, in a bid to differentiate itself from its competitors.