Economy

Global player set to spice up local mortgage market
29 April 2016
mortgagebusiness

A closer look at one ASX-listed mortgage provider’s operations reveals the business is set to become a force to be reckoned with in the financial services sector.

Mortgage manager hits billion-dollar milestone
29 April 2016
mortgagebusiness

An Australian mortgage manager has achieved a record-high level of loan volumes as a result of its partnership with a regional bank.

‘Noisy’ bank reporting season ahead: UBS
29 April 2016
mortgagebusiness

Australia’s major banks are set to unveil a “relatively weak” set of numbers when they announce their 2015-16 first-half results early next month, according to UBS.

Consumer confidence drops below long-run average
29 April 2016
mortgagebusiness

A recent report has revealed a drop in consumer confidence this week, slumping below its long-run average after a bounce back in the previous week.

Turnbull hits back at critics over negative gearing
28 April 2016
mortgagebusiness

Prime Minister Malcolm Turnbull has defended the Coalition’s position after coming under criticism for ruling out any changes to negative gearing.

Confidence in financial advice plummets
28 April 2016
mortgagebusiness

The recent scandals in the financial advice industry has had a detrimental impact on confidence in the financial advisory process, according to a new report.

AMP appoints interim chairman
28 April 2016
mortgagebusiness

An AMP board member will postpone his retirement to become interim chairman of the group after it announced current chairman Simon McKeon will step down.

Bank remuneration headed for independent review
27 April 2016
mortgagebusiness

As opposition calls for a royal commission into the banking sector mount, the Australian Bankers' Association (ABA) has hired corporate law firm Gilbert+Tobin to review the industry's ...

Mortgage fraud rife among banks: economists
26 April 2016
mortgagebusiness

Two Australian economists have warned that home loan fraud is rife in the banking system, alleging that lenders fudge loan applications and have “trashed” their own lending standards.

Bank inaction on fintech could 'prove fatal'
26 April 2016
mortgagebusiness

A majority of banking executives believe financial services will soon become an inter-connected digital ecosystem, but only 13 per cent of them are prepared for the new world, according to a ...