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Economy

Genworth ‘under pressure’ amid housing risks: Moody’s
23 March 2016
mortgagebusiness

Genworth Mortgage Insurance will experience ongoing revenue pressure as rising “tail risks” in the housing market and regulatory changes create headwinds for the ASX-listed group.

Rubik announces capital raising
23 March 2016
mortgagebusiness

Mortgage technology provider Rubik Financial has announced it will undertake a proposed capital raising following strong half-yearly revenue growth in its banking and mortgage products.

ASX chief stands down
23 March 2016
mortgagebusiness

ASX boss Elmer Funke Kupper has resigned as the federal police investigate his former role as chief executive of Tabcorp.

DirectMoney announces new credit data deal
22 March 2016
mortgagebusiness

ASX-listed marketplace lender DirectMoney has agreed to a new deal which will give it greater access to client credit data.

SuiteBox appoints new chief
22 March 2016
mortgagebusiness

New Zealand-based mortgage software company SuiteBox has announced the appointment of a new chief executive as it continues to expand its operations in Australia.

Landowners can challenge valuations: lawyer
21 March 2016
mortgagebusiness

Landowners dissatisfied with the new land valuations on their properties issued by the Queensland Valuer-General can lodge an objection if they believe they have “acceptable grounds”, ...

Credit card usage sees 79% surge
21 March 2016
mortgagebusiness

Alarming statistics have revealed that credit card ownership is reaching saturation levels in Australia.

Macquarie hit with additional licence conditions
18 March 2016
mortgagebusiness

ASIC has imposed additional conditions on the Australian financial services licence of Macquarie Bank following breaches of client money provisions.

Govt warned on housing reform
18 March 2016
mortgagebusiness

A prominent industry economist has urged the federal government to show more leadership on housing supply and policy reform, or risk a downturn in Australia’s economy.

US Fed keeps rates steady
18 March 2016
mortgagebusiness

The US Federal Reserve has decided to leave interest rates on hold, but one economist believes a June hike could be on the cards.