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Economy

Banks let borrowers set their own mortgage rates
15 September 2015
mortgagebusiness

Two Australian banks and one credit union are working with an Australian fintech company that allows borrowers to set their own home loan rates.

Deloitte appoints ex-army chief to adviser role
15 September 2015
mortgagebusiness

Deloitte Australia CEO Cindy Hook has appointed a former army chief as a special adviser on leadership to further strengthen the group’s commitment to developing leaders.

Brokers disengaged with banks: report
14 September 2015
mortgagebusiness

A new report has found that less than 50 per cent of brokers would actively recommend their main lender to friends and colleagues.

Vow informs brokers of major market changes
11 September 2015
mortgagebusiness

One of Australia’s largest mortgage aggregators has stressed the significance of staying abreast of pricing and policy adjustments as the market comes to terms with daily changes.

Unemployment falls to 6.2%
11 September 2015
mortgagebusiness

The latest labour force figures from the Australian Bureau of Statistics show unemployment fell back marginally over August.

Banks encouraged to look offshore for LMI
10 September 2015
mortgagebusiness

Australian mortgage lenders should look overseas for more innovative solutions to LMI, according to a Deloitte partner.

Mortgage market begins to rebalance
10 September 2015
mortgagebusiness

Housing finance data for July shows signs that the Australian mortgage market is rebalancing in response to recent regulatory changes and differentiated pricing.

Business confidence sinks to four-year low
10 September 2015
mortgagebusiness

Business confidence has declined further over August, dropping to its lowest level in four years, according to Roy Morgan Research.

Non-major sees dramatic fall in investor loans
9 September 2015
mortgagebusiness

One of Australia’s leading non-major banks has seen a significant drop off in broker-originated investor loans over the last month.

YBR partners with US insurance giant
8 September 2015
mortgagebusiness

Listed mortgage and wealth group Yellow Brick Road has announced a new partnership with a US-based insurance giant.