Economy

BOQ Specialist names new CEO
13 October 2015
mortgagebusiness

Bank of Queensland (BOQ) has appointed Brett Robinson as the new chief executive of its specialist business, BOQ Specialist.

Household name to hit home loan market
12 October 2015
mortgagebusiness

An Australian challenger bank is preparing to launch a new range of home loan products under one of the most recognised brands in the world as it looks to reach a new demographic of mortgage ...

Global payment portal to offer seven-minute SME loans
12 October 2015
mortgagebusiness

An online payment platform has unveiled a new service that enables Australian SMEs to access instant finance.

Mortgage approval data reflects two-tiered market
12 October 2015
mortgagebusiness

New housing finance figures have provided further evidence that two-tiered pricing is affecting demand for residential mortgages.

Genworth CEO steps down
9 October 2015
mortgagebusiness

Genworth Mortgage Insurance Australia has announced the retirement of its chief executive officer.

Bank acquisition a big win for mortgage origination
9 October 2015
mortgagebusiness

An Australian non-major bank’s acquisition of an asset finance and leasing business has paid off by proving to be the group’s strongest distribution channel for residential mortgages

Pepper subsidiary broadens third-party services
9 October 2015
mortgagebusiness

Pepper Group’s Irish subsidiary has signed a new contract with a UK banking group to provide third-party asset servicing for its residential loan portfolio.

Home loan approvals to fall, says economist
9 October 2015
mortgagebusiness

The chief economist of a prominent ETF provider predicts a decline in home loan approvals when the latest figures are released today by the Australian Bureau of Statistics (ABS).

ANZ sells $8.2 billion loan portfolio
8 October 2015
mortgagebusiness

ANZ has announced the sale of its dealer finance portfolio to a challenger bank.

Association warns SMSFs on emerging LRBA issue
8 October 2015
mortgagebusiness

The SMSF Association (SMSFA) has warned that SMSF trustees are becoming involved with illegal and risky limited recourse borrowing arrangements (LRBAs) involving the use of in-specie ...