Economy

Auswide issues floating rate note
16 November 2015
mortgagebusiness

Auswide Bank has announced it has successfully issued its second senior unsecured floating rate note (FRN).

The state of the States’ mortgage market
16 November 2015
Kym Dalton

The annual convention of the American Mortgage Bankers Association was recently held in San Diego, California, and I took the opportunity to attend to network, observe and monitor trends in ...

ING Direct hikes rates for owner-occupiers and investors
13 November 2015
mortgagebusiness

ING Direct has announced that it will increase its variable mortgage rates for owner-occupiers and investors.

Major bank chief dismisses ‘housing bubble’ claims
13 November 2015
mortgagebusiness

The chief executive of a big four bank says the Australian housing market has ‘sound fundamentals’ but admits the group will continue to monitor ‘particular pockets’ more closely.

Centrepoint announces changes to executive team
13 November 2015
mortgagebusiness

Mortgage and wealth group Centrepoint Alliance has appointed a new director and chairperson to its board after undertaking a renewal process over the past 18 months.

Business confidence hits 11-month high
13 November 2015
mortgagebusiness

Business confidence rose further in October to reach its highest level since November last year, new data has revealed.

Tough year ahead for bank capital ratios: APRA
12 November 2015
mortgagebusiness

Australia is “not entirely the master of its destiny” when it comes to bank capital ratios, with international developments set to dominate talks between the regulator and industry, ...

Report shows positive signs for mutuals
12 November 2015
mortgagebusiness

The Customer Owned Banking Association (COBA) has welcomed a report by professional services giant KPMG which highlights the mutual sector’s solid growth and encouraging prospects.

Firstmac receives AAA credit ratings
12 November 2015
mortgagebusiness

Four classes of Firstmac’s prime residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

Default crisis looms for off-the-plan buyers
11 November 2015
mortgagebusiness

The head of a national real estate group fears that a serious default issue is on the horizon for the thousands of Australians buying off-the-plan properties.