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Economy

S&P exposes futile mortgage price war

A damning report by ratings agency Standard and Poor’s (S&P) reveals the negative impact of Australia’s mortgage rate war on non-major lenders.

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National brokerage CEO retires

The chief executive of an ASX-listed national mortgage group has announced his retirement.

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Industry veteran leaves non-bank

A key figure in mortgage distribution has stepped down from his position as head of third party sales at a leading non-bank lender.

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Clarification

Mortgage Business published a story on December 17 called ‘Majority of mortgage holders did not visit a broker'.

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Mutual banks need transformation: KPMG

A new report has found that Australia’s mutual banks are finding it increasingly difficult to remain competitive in the mortgage market.

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RP Data announces change of identity

RP Data has announced it will officially adopt the name of its parent company, CoreLogic.

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Majority predict ‘significant’ market correction

A new housing market sentiment survey by RP Data has found 68 per cent of Australians think the property market could suffer a significant price correction.

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Housing downturn would wipe out major bank capital

APRA has revealed that the capital backing the home loans of the big four banks would not survive a substantial housing market correction.

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Bank doubles broker market share in one month

One non-major bank more than doubled its share of broker-originated mortgages in October.

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UK brokers to take 75 per cent market share

Britain’s answer to the MFAA has forecast UK brokers will control three-quarters of the market within five years.

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