Economy

Major broker to use predictive analytics
19 February 2015
mortgagebusiness

A listed mortgage group has revealed plans to provide predictive and reactionary analytics as it transitions to the cloud.

Genworth loses major bank contract
19 February 2015
mortgagebusiness

LMI provider Genworth has conceded it will feel the “full effect” of a major bank’s decision to terminate its agreement with the group.

Analysis: Lack of animal spirit has big banks spooked
18 February 2015
mortgagebusiness

Weak confidence has been a recurring theme among Australian banks this reporting season.

End first home buyer ‘discrimination’, says peak body
18 February 2015
mortgagebusiness

The federal government has been urged to lead the push for a national first home owner grant system that would apply to all housing.

Homeloans Ltd acquires non-bank
17 February 2015
mortgagebusiness

Non-bank mortgage provider Homeloans Limited has acquired one of Queensland’s longest-established non-bank lenders.

Big four pocket billions from borrowers
17 February 2015
mortgagebusiness

The major banks have kept an estimated $7 billion from their variable-rate home loan customers by not passing on the full Reserve Bank cash rate cuts since November 2011, according to ...

Major bank announces new CEO
16 February 2015
mortgagebusiness

One of Australia's big four banks has announced the appointment of a new chief executive officer.

ME Bank continues student offer
13 February 2015
mortgagebusiness

ME Bank and the Co-op will continue their partnership for a second year after signing up over 9,000 members to the new joint ME Bank Debit MasterCard and Co-op membership card in 2014.

Rate cut call strengthened by rise in unemployment
13 February 2015
mortgagebusiness

Australia’s estimated seasonally-adjusted unemployment rate for January was 6.4 per cent, according to the Australian Bureau of Statistics.

Auction volumes: Adelaide up, Melbourne down
13 February 2015
mortgagebusiness

Auction volumes are currently tracking around 8 per cent lower across capital cities than at this time last year.