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Economy

Goldfields Money terminates contract of CEO

WA-based lender Goldfields Money has confirmed the termination of David Holden as its chief executive after recently reporting strong growth in lending activity for 2014-15.

mortgagebusiness
Auction clearance rates lower than last year

Auction volumes have increased across the combined capital cities but total clearance rates remain lower than 2014, according to CoreLogic RP Data.

mortgagebusiness
Banks let borrowers set their own mortgage rates

Two Australian banks and one credit union are working with an Australian fintech company that allows borrowers to set their own home loan rates.

mortgagebusiness
Deloitte appoints ex-army chief to adviser role

Deloitte Australia CEO Cindy Hook has appointed a former army chief as a special adviser on leadership to further strengthen the group’s commitment to developing leaders.

mortgagebusiness
Brokers disengaged with banks: report

A new report has found that less than 50 per cent of brokers would actively recommend their main lender to friends and colleagues.

mortgagebusiness
Vow informs brokers of major market changes

One of Australia’s largest mortgage aggregators has stressed the significance of staying abreast of pricing and policy adjustments as the market comes to terms with daily changes.

mortgagebusiness
Unemployment falls to 6.2%

The latest labour force figures from the Australian Bureau of Statistics show unemployment fell back marginally over August.

mortgagebusiness
Banks encouraged to look offshore for LMI

Australian mortgage lenders should look overseas for more innovative solutions to LMI, according to a Deloitte partner.

mortgagebusiness
Mortgage market begins to rebalance

Housing finance data for July shows signs that the Australian mortgage market is rebalancing in response to recent regulatory changes and differentiated pricing.

mortgagebusiness
Business confidence sinks to four-year low

Business confidence has declined further over August, dropping to its lowest level in four years, according to Roy Morgan Research.

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