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Economy

S&P lowers rating for class B notes on trusts
28 September 2015
mortgagebusiness

Last week S&P Global Ratings announced that it lowered its ratings on class B notes in Interstar Millennium Series residential mortgage-backed securities (RMBS) transactions, while as ...

Australian financial services at a 'critical moment': Deloitte
25 September 2015
mortgagebusiness

The World Economic Forum and Deloitte have identified 11 clusters of innovation that are transforming the structure, provision and consumption of financial services.

Real estate boss urges government to cut stamp duty
25 September 2015
mortgagebusiness

An Australian real estate identity is urging the Victorian government to introduce stamp duty tax breaks for home owners aged over 70 due to the problems stamp duty creates for those wishing ...

Macquarie chairman steps down
24 September 2015
mortgagebusiness

The chairman of one of Australia’s biggest challenger banks has today announced his retirement, with the group revealing his successor as well.

Mutuals face uncertain future in a complex mortgage market
24 September 2015
mortgagebusiness

Moody’s Investors Service says Australian mutual lenders will be under increased pressure to consolidate as slowing economic growth and regulatory changes weigh on Australia’s smaller banks

Big four losing competitive streak on variable rates
24 September 2015
mortgagebusiness

The gap between the average variable home loan rate of the major banks and the lowest offer on the market has widened considerably since September 2014, according to a comparison website.

Ex-CUA chief joins DirectMoney
24 September 2015
mortgagebusiness

Marketplace lender DirectMoney has announced the appointment of a new independent non-executive director to help drive the ASX-listed company’s growth.

Sydney prices soar over September quarter
24 September 2015
mortgagebusiness

New figures show Sydney property prices jumped 18.9 per cent over the year and 8.9 per cent over the quarter.

Almost 1 in 10 loans would fail underwriting standards: report
23 September 2015
mortgagebusiness

A new report examining the impact of regulatory changes on the Australian mortgage market has concluded that nine per cent of home loans written so far this year would now fail current ...

Sydney auction market shows signs of weakening
23 September 2015
mortgagebusiness

Sydney’s auction clearance rate has declined for the third straight weekend and finished behind Melbourne for the fourth consecutive time.