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RBA governor ‘appalled’ at royal commission revelations
17 August 2018
Philip Lowe, RBA, Reserve Bank of Australia, royal commission,

Philip Lowe, the governor of the Reserve Bank of Australia, has said that he is “incredibly disappointed” and “appalled” at the behaviour of banking, superannuation and financial services ...

Westpac CIO retires, new appointment announced
17 August 2018
mortgagebusiness

The major bank has appointed a new chief information officer to replace Dave Curren, whose retirement has also been announced.

Marketplace lender launches credit score comparison service
16 August 2018
marketplace, credit card, credit score, comparison service

Fintech lender Wisr has launched “Australia’s first credit score comparison service”.

Trust in the ethics of the finance sector drops
16 August 2018
thumbs down, finance sector drops. trust in ethics, financial services, royal commission

Continuing scandals and revelations from the financial services royal commission and inquiries are further eroding Australians’ trust in the ethical behaviour of companies, according to the ...

Brokerage launches new wealth model
15 August 2018
brokerage, wealth model, launch, Loan Market, franchise models

A major brokerage has announced that it will be offering brokers the opportunity to enter into a financial planning franchise agreement, as the company looks to offer a fully diversified ...

Moody’s questions effectiveness of PC recommendations
15 August 2018
mortgagebusiness

The Productivity Commission’s recommendations are unlikely to effect “drastic change” in the banking sector, and would have a “limited” impact on competition, according to Moody’s

Macquarie acquires stake in Investa Office Fund
14 August 2018
mortgagebusiness

Macquarie Group has secured a stake in Investa Office Fund (IOF) months after Blackstone submitted a $3.1 billion takeover proposal.

Board members announced for new housing finance body
14 August 2018
mortgagebusiness

Four new board members of the inaugural National Housing Finance and Investment Corporation (NHFIC) have been announced by the Australian government.

LATEST PODCAST: Cash rate to remain unchanged, corporate cops for the banks and a new type of credit card
13 August 2018
LATEST PODCAST: Cash rate to remain unchanged, corporate cops for the banks and a new type of credit card

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Blockchain P2P lender secures $1.35m to fund growth
13 August 2018
mortgagebusiness

A new blockchain-based peer-to-peer lender has announced buy-in from a venture capital firm as it continues on its path to improve credit availability on a global scale.