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Economy

Industry law firm boosts overseas support

Mortgage law firm Bransgroves Lawyers has hired a Filipino corporate and employment lawyer to assist an increasing number of back offices established by Australian lenders and brokerages in ...

mortgagebusiness
Real estate boss hits out at banks

The head of a national real estate group has slammed the banks for hiking their variable home loan rates for owner-occupiers, claiming they are only focussed on monetary gains.

mortgagebusiness
Leasing company to pay $1.25m for NCCP breach

The Federal Court has awarded penalties totalling $1.25 million against a consumer leasing company for breaching consumer credit laws, including its responsible lending obligations.

mortgagebusiness
Firstmac assigned AAA ratings for RMBS

Non-bank lender Firstmac has received AAA credit ratings for four classes of its prime residential mortgage-backed securities (RMBS).

mortgagebusiness
Heritage farewells CEO

Heritage Bank has paid tribute to retired CEO John Minz, who completed his last day in the role yesterday.

mortgagebusiness
Mortgages drive ME’s profit up by 27%

Industry super fund-owned bank ME has put its $60 million profit down to strong growth in home lending over the 2015 financial year.

mortgagebusiness
ThinCats Australia marks one-year milestone

ThinCats Australia has celebrated its first-year anniversary this week, welcoming a well-known finance commentator as a new shareholder.

mortgagebusiness
Housing crisis becomes Hollywood thriller

The issues of housing affordability and corporate greed are at the centre of a new film featuring two Hollywood stars.

mortgagebusiness
Customers still satisfied with major banks

Customer satisfaction among the big four banks is still “historically high” despite levels dipping over the six months to October 2015, new research has revealed.

mortgagebusiness
Former CEO jailed for defrauding major bank

A former chief executive has been jailed for over four years for forging company documents to access bank credit.

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