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Economy

Half of securitised mortgages backed by non-conforming loans
11 February 2015
mortgagebusiness

Mortgage originators have raised approximately $1 billion in securitisations since November last year, with around half backed by non-conforming mortgages, according to the Reserve Bank of ...

Scrap negative gearing at your peril, REIA warns
10 February 2015
mortgagebusiness

Tony Abbott will harm the cause of rental affordability if he eliminates negative gearing in the next Budget, the industry’s peak body has warned.

Prepare for Chinese currency, says Stevens
10 February 2015
mortgagebusiness

Reserve Bank of Australia governor Glenn Stevens says the Australian financial system needs to be “well prepared” for a sharp increase in the use of China’s currency for trade purposes

RBA suggests more rate cuts
9 February 2015
mortgagebusiness

The Reserve Bank’s statement on monetary policy for February suggests the cash rate is still not low enough.

ME Bank chairman retires
9 February 2015
mortgagebusiness

Bernie Fraser has announced he will step down as ME Bank chairman after nearly 15 years.

Adelaide Bank partners with Melbourne mortgage manager
9 February 2015
mortgagebusiness

Adelaide Bank has announced a new partnership with a Melbourne-based mortgage manager specialising in property investment.

Big four veteran to drive Bendigo business banking
6 February 2015
mortgagebusiness

Bendigo Bank has announced the appointment for a newly-created head of business banking role.

APRA approves Wide Bay bank status
6 February 2015
mortgagebusiness

The prudential regulator has consented to Wide Bay Australia Ltd’s transition to a bank.

Bank modelling has RBA cutting rates to 1 per cent
5 February 2015
mortgagebusiness

The central bank’s decision to lower the official cash rate could signal a new downward trend.

Economist forecasts ‘building boom’ in 2015
5 February 2015
mortgagebusiness

The pessimists might have to quieten down for the time being after building approvals reached record levels in 2014.