Economy

Auswide celebrates significant milestone
7 April 2016
mortgagebusiness

Auswide Bank managing director Martin Barrett says the lender is “stronger, fitter and more capable than ever” after celebrating its 50-year anniversary.

P&N Bank achieves settlement milestone
6 April 2016
mortgagebusiness

P&N Bank has credited an online platform for increasing its efficiency in property settlements and achieving a significant digital banking milestone.

Industry figures respond to RBA decision
6 April 2016
mortgagebusiness

Despite the recent spike in the Australian dollar, industry figures have labelled the Reserve Bank’s April cash rate decision as unsurprising.

Australia ‘particularly vulnerable’ to global downturn
6 April 2016
mortgagebusiness

The structural deterioration of Australia’s fiscal position over the past decade has left the economy exposed to the next global economic downturn, one economist has warned.

RBA makes cash rate call - April 2016
5 April 2016
mortgagebusiness

The Reserve Bank of Australia has announced the decision of its monthly board meeting.

RBA makes surprising cash rate call
5 April 2016
mortgagebusiness

The Reserve Bank of Australia has announced the decision of its monthly board meeting.

MyState doubles investor loan book
5 April 2016
mortgagebusiness

MyState Bank has more than doubled the size of its investor loan portfolio over the past year, while five other third-party banks have posted double-digit growth.

RMBS arrears and defaults to rise: Moody’s
5 April 2016
mortgagebusiness

Delinquencies and defaults for Australian prime residential mortgage-backed securities (RMBS) will increase slightly in 2016 from their current low levels, according to Moody’s Investors ...

Federal budget to delay rate cut: HSBC
5 April 2016
mortgagebusiness

The federal government’s decision to deliver its budget early is likely to deter the Reserve Bank from cutting the cash rate until mid-2016, according to HSBC.

Bank boss hungry for more market share
4 April 2016
mortgagebusiness

Bendigo and Adelaide Bank’s managing director says the group’s balance sheet is “very strong” and it is well-placed to compete “vigorously” for customers.