Economy

Customers still satisfied with major banks
19 November 2015
mortgagebusiness

Customer satisfaction among the big four banks is still “historically high” despite levels dipping over the six months to October 2015, new research has revealed.

Former CEO jailed for defrauding major bank
18 November 2015
mortgagebusiness

A former chief executive has been jailed for over four years for forging company documents to access bank credit.

Business conditions steady while confidence drops
18 November 2015
mortgagebusiness

Consistent above-average business conditions are helping reassure that economic recovery in the non-mining sector is gaining further traction, according to NAB.

US likely to raise rates before year end
18 November 2015
mortgagebusiness

The US Federal Reserve is on track to raise interest rates before the end of the year, with a pick-up in economic activity and positive dialogue emerging from the central bank, according to ...

Banking body calls for repair of ‘broken’ budget
17 November 2015
mortgagebusiness

With the mid-year economic and fiscal outlook expected before the end of the year, the Australian Bankers’ Association (ABA) says a clear plan and community consensus is needed on repairing ...

Firstmac completes $500m RMBS deal
16 November 2015
mortgagebusiness

Non-bank lender Firstmac has successfully placed and priced a residential mortgage-backed securities (RMBS) deal worth $500 million despite citing difficult market conditions of late.

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.