Economy

And the boom market is ... construction
16 March 2015
Andrew Littleford,  Interim Finance’s portfolio, construction loans, buoyant property market, interest rates

Recent analysis of Interim Finance’s portfolio has revealed a 220 per cent increase in construction loans from the previous financial year. This significant jump can be attributed to a ...

Industry veteran joins AMP
13 March 2015
mortgagebusiness

AMP Bank has named industry veteran Laurie Duffus as its new state manager for third-party distribution across Victoria, South Australia and the Northern Territory.

Cash rate a ‘blunt tool’, says RBA
12 March 2015
mortgagebusiness

The Reserve Bank has admitted that the official cash rate is a ‘blunt tool’ and that monetary policy guides the economy ‘imprecisely’.

Veda and Deloitte to tackle anti-money laundering
12 March 2015
mortgagebusiness

With regulatory changes looming, Veda and Deloitte hosted 30 Australian organisations at an anti-money laundering compliance forum last week to discuss collaboration across multiple ...

Former company director to stand trial
11 March 2015
mortgagebusiness

A NSW man will stand trial for fraud following an ASIC investigation that found the former company director had advised investors to set up SMSFs for property investment.

CEO banned until 2017
11 March 2015
mortgagebusiness

The man behind a collapsed financial services group that offered mortgage broking and property investment advice has been banned by the corporate regulator from providing financial services ...

New group to pay up to 75bps for SME leads
10 March 2015
mortgagebusiness

A new online lending platform has revealed plans to pay mortgage brokers up to 75 basis points for helping the group target growing SMEs that can no longer receive funding from the majors.

Barney Frank still concerned about US mortgage market
10 March 2015
mortgagebusiness

Former US senator Barney Frank has raised concerns over the “continuing insufficient alignment of interest” within the US residential mortgage market.

Mutuals to drive growth in challenged economy
10 March 2015
mortgagebusiness

Co-operatives and mutuals are expected to drive competitiveness and productivity as the Australian economy enters uncharted waters.

Growing mortgage group signs Queensland broker
9 March 2015
mortgagebusiness

Mortgage broker Australian Property Finance has added a Queensland-based loan writer to its fold.