Economy

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 ...

Bank names Sydney investor hotspots under surveillance
7 October 2015
mortgagebusiness

One of Australia's biggest challenger banks has named the Sydney suburbs it is currently monitoring after experiencing significant volumes of home lending to residential property investors