Economy

RMBS and ABS defaults to rise, covered bonds strong
7 December 2015
mortgagebusiness

The delinquency and default rates for Australian residential mortgage-backed securities (RMBS) and asset-backed securities (ABS) will rise slightly in 2016, according to Moody’s Investors ...

AMP appoints non-executive director
7 December 2015
mortgagebusiness

AMP has appointed a new non-executive director to its board, following the departure of Paul Fegan.

Scottish Pacific receives global recognition
4 December 2015
mortgagebusiness

The SME finance provider has been internationally acknowledged for its contribution and dedication to the trade finance sector at the annual Trade Finance Global Awards.

Banks’ asset quality has peaked: Moody’s
3 December 2015
mortgagebusiness

Australian banks’ healthy asset quality has reached its peak, but they are well-capitalised to absorb any losses, according to Moody’s Investors Service.

Homebuilding activity surges
3 December 2015
mortgagebusiness

An increasing number of new homes are set to come online, which should reduce shortages and ease price pressures.

Major bank CEO named ABA chair
2 December 2015
mortgagebusiness

The chief executive of a big four bank has been named the new chairman of the Australian Bankers’ Association.

Industry figures react to RBA rate decision
2 December 2015
mortgagebusiness

Industry professionals say there is no surprise that the Reserve Bank decided to leave the official cash rate unchanged at 2.0 per cent for the seventh consecutive month.

RBA makes call on cash rate
1 December 2015
mortgagebusiness

The Reserve Bank of Australia has made its final interest rate decision of the year at its monthly board meeting.

RBA surprises market with cash rate call
1 December 2015
mortgagebusiness

The Reserve Bank of Australia has made its final interest rate decision of the year at its monthly board meeting.

RBA shocks market with cash rate call
1 December 2015
mortgagebusiness

The Reserve Bank of Australia has made its final interest rate decision of the year at its monthly board meeting.