Economy

ASIC has presented a number of investment banks with the results of a benchmarking study into culture and conduct in an effort to raise industry standards.

Tax depreciation specialist BMT has released a new app aimed at helping property owners reduce their risk of being underinsured during the rebuilding of their homes.

ASIC has warned that interest-only mortgages are increasingly being taken up by owner-occupiers on lower incomes.

Standard & Poor’s (S&P) has assigned fresh ratings to three classes of prime residential mortgage-backed securities originated by Resimac.

RateSetter has become the first peer-to-peer lender in Australia to compete directly with the banks by offering secured personal loans.

More Australians are choosing to forgo holidays and other luxuries in favour of paying off debt, according to a new survey by homeloans.com.au.

Yellow Brick Road has outlined a significant growth strategy in response to major changes in the Australian mortgage market.

Australian insurance giant QBE has admitted that regulatory pressure on the banks to tighten mortgage lending has had a significant impact on new LMI business flows.

Diversified financial services group FlexiGroup has reported a modest increase in profit and volumes for the last financial year.

A leading economist has warned that owner-occupier mortgages could face the same price hikes as investor loans, putting pressure on the central bank to cut rates.