Economy

The federal government has been urged to deal with seven unresolved issues concerning the responsible lending rules.

The World Bank has lowered its growth forecast for the global economy for the third consecutive quarter amid fears that a fragile recovery will become overburdened by significant risks.

People are taking on more debt and are becoming more comfortable with being in the red, according to research by RaboDirect.

The Australian dream of home ownership carries a $1 million price tag for many, according to research by comparison website finder.com.au.

The mortgage broking industry’s peak body has taken issue with an opinion piece in a national newspaper it claims featured incorrect information about broker commissions.

Westpac is confident that home building approvals will remain at historically high levels despite predictions of a retracement in the coming months.

Third-party heavyweight Steven Heavey has been hired to fill the newly-created position of general manager of strategy at mortgage aggregator Connective.

Accountants and consumers have joined mortgage brokers in opposing the Financial System Inquiry’s attack on SMSF borrowing.

Centrepoint Alliance has announced the appointment of finance veteran John Cowan as its new chief financial officer.

Non-bank lending has fallen to its lowest levels in nine years and is now almost 19 per cent below its pre-GFC peak.