Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

Banks to foot $121m bill for ASIC
20 April 2016
mortgagebusiness

Federal Treasurer Scott Morrison has this morning confirmed how the government will proceed with reported changes to surveillance of the banking and financial system, following speculation ...

Bendigo and Adelaide Bank recognised for ‘strong’ loan servicing
20 April 2016
mortgagebusiness

Standard & Poor’s (S&P) has announced it has affirmed a “strong” ranking for Bendigo and Adelaide Bank as a servicer of prime residential loans.

WA broker cops permanent ban
20 April 2016
mortgagebusiness

A former Perth-based finance broker has been permanently banned from engaging in credit activities and providing financial services.

Moody’s issues federal budget warning
20 April 2016
mortgagebusiness

Treasurer Scott Morrison’s refusal to raise revenues in the federal budget will make it difficult for Australia to balance its budget, amounting to a ‘credit negative’ for Australia, warns ...

RBA sounds alarm on housing risks
19 April 2016
mortgagebusiness

The Reserve Bank of Australia has issued a fresh warning over the “ongoing risk” in the real estate market and called for prudent lending standards.

Bank slashes mortgage rates
19 April 2016
mortgagebusiness

A non-major lender has cut one of its home loan rates for owner-occupiers.

Major real estate markets to 'slow dramatically'
19 April 2016
mortgagebusiness

A new report has predicted that house price growth will slow dramatically in two capital cities over the next few years, putting significant pressure on struggling home owners.

FHBs continue to lose confidence
19 April 2016
mortgagebusiness

Confidence among first home buyers dropped again in the first quarter of 2016, with two leading industry figures pointing to changing consumer expectations as a contributing factor.

New land tax 'not politically feasible'
19 April 2016
mortgagebusiness

The current property tax structure is costing jobs, negatively affecting the property market and hurting progress, but reform won’t be as simple as it seems, according to a prominent lobby ...

Royal commission won’t change major banks: COBA
18 April 2016
mortgagebusiness

Australia’s customer-owned banks have criticised the “lack of urgency” in implementing Financial System Inquiry reforms designed to push the big four banks to “lift their game”.