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Economy

Aussie achieves new settlement record

Australia’s largest broking group has posted a record-breaking year in settlements during 2014-15, with its retail channel passing the $1 billion mark in June alone.

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Australian financial services firms ‘unprepared’ for FATCA

A litigation suit has been filed against the US federal government arguing the Foreign Account Tax Compliance Act (FATCA) is “unconstitutional” and violates privacy rights, with implications ...

mortgagebusiness
Veda to offer face-to-face ID verification

The leading credit analysis company has enhanced its identity verification services with a new acquisition.

mortgagebusiness
Investor funds under the microscope

With mining tax revenues falling and concerns over the Chinese economy, commentators are increasingly looking at how long real estate can support the national economy.

mortgagebusiness
SocietyOne appoints new marketing chief

Australia’s first peer-to-peer lender, SocietyOne, has announced the appointment of Mitchel Harad as its new chief marketing officer.

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Harvard professor fears leadership deficit

A respected professor of Harvard Business School in the United States has told Mortgage Business Australian companies potentially face a leadership crisis in years to come.

mortgagebusiness
RBNZ announces another cash rate cut

For the second consecutive month, the Reserve Bank of New Zealand has reduced its official cash rate by 25 basis points.

mortgagebusiness
Climate change to hit financial services

Australia’s financial system is at risk of being destabilised by climate change, according to a new report by The Climate Institute.

mortgagebusiness
APRA move good for banks and buyers

A credit ratings agency and a banking body have voiced their support for higher capital being held by Australia’s biggest banks for residential mortgages.

mortgagebusiness
SMEs more driven in 2015

Small- to medium-sized enterprise owners are more focused on business planning in 2015 compared to last year, according to a new study by accounting firm RSM Bird Cameron.

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