Economy

Former Liberal leader John Hewson has highlighted the inability of banks to lend beyond residential mortgages.

Strong demand for online mortgages is driving investor interest for Firstmac as it completes its second RMBS transaction in three months.

A new report shows almost half of all homes sold in Australian capital cities over the past year were purchased above the asking price.

Business conditions eased over August and are still significantly lower than pre-GFC levels.

Applications for US home loans fell last week to the lowest levels since December 2000 as interest rates rose for the first time in four weeks.

The boom in investment lending has reached a record high with investors accounting for half of all loans written in July.

Mortgage Choice chief executive Michael Russell has dismissed the idea that mortgage broking is a "sub-segment" of financial planning.

The latest housing finance data shows mortgage demand crept slightly higher in July.

The big four and Macquarie are being incentivised by a capital disparity to ‘cherry-pick’ high LVR loans and charge a higher rate, rather than use lender's mortgage insurance.

Financial advisers and accountants who provide certificates for LRBAs could be breaching the NCCP.