Economy

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.

Bluestone prices $200m RMBS deal
4 May 2016
mortgagebusiness

Australian non-bank lender Bluestone Mortgages has announced the successful pricing of a $200 million residential mortgage-backed debt security.

Industry figures applaud RBA cash rate call
4 May 2016
mortgagebusiness

The Reserve Bank of Australia’s decision to slash the official cash rate to a new historic low is positive news for both the economy and borrowers, according to a number of industry ...

MyState announces key board changes
4 May 2016
mortgagebusiness

ASX-listed banking and wealth management group MyState Limited has announced the retirement of one of its directors and appointed a replacement.

Reserve Bank reveals cash rate decision
3 May 2016
mortgagebusiness

The Reserve Bank of Australia has delivered its decision from its monthly board meeting.

Reserve Bank surprises market with cash rate call
3 May 2016
mortgagebusiness

The Reserve Bank of Australia has delivered its decision from its monthly board meeting.

Big four will remain strong, says Moody’s
3 May 2016
mortgagebusiness

Australia's major banks are likely to retain their strong credit profiles despite the “deteriorating operating environment” and upward revisions to capital risk weights, according to Moody’s ...

RBA rate cut ‘may not be enough’
3 May 2016
mortgagebusiness

After 12 months with no movement, the Reserve Bank of Australia is tipped to cut the official interest rate to a historic new low.