Economy

Better Mortgage Management (BMM) has slashed interest rates and increased the maximum loan amounts for several of its home loan products.

Fresh figures have recorded an increase in consumer confidence levels, following a period of steady decline.

Mortgage and banking technology provider Rubik Financial has been selected by MyState Limited to help transform the group’s digital channels and customer experience offering.

In his final speech at AMP’s annual general meeting last week, former chairman Simon McKeon said the financial services industry “needs to do better” when it comes to culture.

Property investors have been unfairly caught in the crossfire amid the examination of the current housing affordability crisis, according to a national property advisory firm.

Moody’s Investors Service says mortgage delinquencies will continue to increase in Australia, with rental yields in the two biggest cities to pose “some risk”.

The chief executive of a leading Australian financial services company believes one of the major lenders could “disappear” in the next 20 years as fintech providers take over.

Three banks and one mortgage funder have announced changes to their home loan rates, showing that the Reserve Bank’s cash rate cut is still taking effect. 

ING Direct has made its largest ever single investment, recruiting more than 16,000 customers to help build its new digital platform.

Following the success of last year’s roadshows, Pepper Money has announced the dates of the 2016 Insights Roadshow series for brokers, running throughout May and June.