Economy

ABS explains incorrect employment figures
5 November 2014
mortgagebusiness

The Australian Bureau of Statistics has released a statement about the issues identified in its seasonally adjusted labour force estimates between July and September.

Tensions rise as banks await Murray verdict
5 November 2014
mortgagebusiness

The regulatory uncertainty from the Financial System Inquiry, likely increased impairment charges in the future and structural and technological changes are putting pressure on the ...

Borrowers to set mortgage rates
5 November 2014
mortgagebusiness

Business analytics company FICO is using big data to measure the price sensitivity of borrowers, helping banks become more sophisticated with mortgage pricing and commissions.

RBA rate announcement
4 November 2014
mortgagebusiness

The Reserve Bank of Australia has today announced the outcome of its board meeting.

Building approvals plummet 11 per cent
4 November 2014
mortgagebusiness

New homebuilding may have hit its peak after approvals fell to a thirteen-month low in September.

Wide Bay prices $300 million RMBS transaction
4 November 2014
mortgagebusiness

Queensland lender Wide Bay Australia Ltd last week priced its 11th RMBS transaction at $300 million.

Fixed rate demand hits eight-month high
4 November 2014
mortgagebusiness

Record-low rates are driving an increasing number of borrowers to fix their mortgage.

Aussie banks not so profitable
4 November 2014
mortgagebusiness

Australian banks are not the most profitable in the world, or even the most profitable companies in the country, according to the Australian Bankers’ Association (ABA).

Sydney and Melbourne buoy national house prices
4 November 2014
mortgagebusiness

House price growth in Sydney, Melbourne and Brisbane was strong enough to bring the combined capital city home value up by one per cent in October, despite no growth recorded in all other ...

Homeloans appoints new credit managers
3 November 2014
mortgagebusiness

Listed non-bank lender Homeloans Ltd has bolstered its NSW team with the appointment of two new credit managers to support its broker network.