Economy

Bendigo and Adelaide Bank has lost engagement with brokers after conceding that its mortgage portfolio has been “very heavily skewed” towards the underperforming mortgage management market

HSBC has announced the appointment of its new head of global banking in Australia.

Standard and Poor’s (S&P) has assigned AAA ratings to three classes of Resimac’s prime residential mortgage-backed securities (RMBS).

One of Australia’s largest mortgage funds has pushed through the $1 billion mark in funds under management for the first time since November 2011.

Fresh figures from the Australian Bureau of Statistics (ABS) show that demand for mortgages recovered in February after experiencing a slight drop during the first month of 2016.

ThinCats Australia has announced that UK-based alternative finance fund ESF Capital will acquire a 30 per cent stake in the peer-to-peer (P2P) business lending platform.

Moody’s Investors Service has warned that rate hikes will put investor mortgages at risk of default at a time of record low rental yields and decreasing affordability of servicing investment ...

The Customer Owned Banking Association has issued a warning against any delays to Australia’s banking reforms, amid concerns that some reforms could take up to five years to implement.

Mortgage technology provider Rubik Financial has announced the appointment of its new head of human resources.

One of Australia’s largest aggregation groups has seen a significant increase in fixed-rate home loans being written in the first three months of 2016.