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Economy

Prospa raises $60 million in capital
4 September 2015
mortgagebusiness

Australian online lender Prospa has secured $60 million in capital to expand its SME finance offering.

Make housing ‘fourth pillar’ of retirement: CEDA
3 September 2015
mortgagebusiness

Radical reforms including pre-tax mortgage payments have been proposed by the Committee for Economic Development in Australia (CEDA) to improve the sustainability of Australia’s retirement ...

Gadens cautious on SMSF loans
3 September 2015
mortgagebusiness

While the government has yet to issue a formal response to the Financial System Inquiry, a partner in one major Asia Pacific law firm believes changes are on the horizon for SMSF borrowing ...

Genworth appoints new C-suite exec
3 September 2015
mortgagebusiness

Genworth Australia has announced the appointment of Andrew Cormack to the role of chief risk officer (CRO).

Banking industry welcomes deposit tax decision
3 September 2015
mortgagebusiness

A big four bank and two industry associations are rejoicing following the federal government’s decision to scrap the deposit tax.

‘We will take new territory from the banks’, says Bouris
2 September 2015
mortgagebusiness

Yellow Brick Road executive chairman Mark Bouris says the group is well positioned to grab a bigger slice of the Australian mortgage market.

DirectMoney announces more partnerships
2 September 2015
mortgagebusiness

ASX-listed DirectMoney has announced two new partnerships that it says will strengthen its credit processes and further extend its offering in the personal lending space.

Hong Kong mortgage drawdowns spike in July
2 September 2015
mortgagebusiness

The territory saw a 43.6 per cent increase in new home loans drawn down in July, according to the Hong Kong Monetary Authority (HKMA).

RBA rate announcement - September 2015
1 September 2015
mortgagebusiness

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

RBA rate announcement September cut
1 September 2015
mortgagebusiness

The Reserve Bank of Australia has delivered the result of its monthly board meeting.