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Economy

Increasing risk of mortgage default: Moody's

Housing affordability in Australia has deteriorated significantly over the 12 months to October 2015, increasing the risk of delinquency and default.

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Economists warn of rising risks for off-the-plan market

Australia’s leading economists have expressed their fears for off-the-plan property following speculation that a default crisis could be on the horizon.

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Interest rates to remain 'very low' for years: RBA

The governor of the Reserve Bank of Australia has predicted that global interest rates will remain low for the better part of the next decade.

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Homeloans highlights key point of difference

Listed non-bank lender Homeloans has explained how it plans to continue differentiating itself in the market against ongoing pricing and policy changes.

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IMB receives ‘strong’ loan servicer ranking

Credit ratings agency Standard & Poor’s (S&P) has affirmed the “strong” ranking assigned to non-major lender IMB as a prime residential loan servicer.

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Spotcap makes credit more accessible for SMEs

Fintech lender Spotcap has announced it is now integrated with all six of Australia’s accounting software solutions, and has increased its maximum loan amount.

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FlexiGroup names new CEO

Diversified financial services firm FlexiGroup has announced the appointment of its new chief executive.

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CBA says foreign investors driving Melbourne apartment ‘bubble’

The chief financial officer of Australia’s largest lender has clarified the bank’s stance on lending to foreign investors and the impact they are having on certain segments of the market

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Analysis: The simple bank that created a big problem

The failure of Bankwest’s former owner HBOS provides important lessons for the future of banking and financial services regulation.

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CUA appoints non-executive director

Mutual lender CUA has announced the appointment of Louise McCann as an independent non-executive director on the board.

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