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CBA announces CFO appointment
16 October 2018
mortgagebusiness

The major bank’s acting chief financial officer will permanently replace Rob Jesudason who resigned from the role in May.

Former CBA mobile lender charged with loan fraud conspiracy
12 October 2018
Scales of justice loan fraud conspiracy

ASIC has announced that a former Commonwealth Bank mobile lender will stand trial for loan fraud conspiracy charges.

Risks flagged over potential fall in commercial sector
12 October 2018
mortgagebusiness

Commercial property sentiment remains “solid”, but a downturn in the commercial space could pose risks to Australia’s economy, according to an ANZ economist.

The top Australian cities that Chinese buyers are flocking to
11 October 2018
The top Australian cities that Chinese buyers are flocking to

Chinese buyers are continuing to look to Australia to purchase properties, with research from a leading international property portal for Chinese buyers revealing the top cities this growing ...

Government launches Drought Finance Taskforce
11 October 2018
mortgagebusiness

The federal government has launched a taskforce designed to foster cooperation between the government and the banking sector to provide relief to drought-affected farmers.

NAB branches most efficient at selling mortgages: Morgan Stanley
10 October 2018
NAB branch

NAB branches have the “best mortgage sales productivity”, despite the bank having the “least valuable” branch distribution among the big four, Mortgage Stanley Research has revealed

Westpac announces further rate hikes
10 October 2018
mortgagebusiness

The major bank has lifted mortgage rates on its defence services home loan products, off the back of its 14 basis point hike in September.

Approvals could fall by 20% next year: ANZ Research
8 October 2018
mortgagebusiness

The recent fall in dwelling approvals has been “even worse” than anticipated, with the downturn set to deepen by as much as 15 to 20 per cent, according to a senior economist at ANZ.

Treasurer slams Labor’s royal commission ‘roundtable’
4 October 2018
Treasurer slams Labor’s royal commission ‘roundtable’

Federal Treasurer Josh Frydenberg has upbraided the Labor Party’s suggestion that it would “give a voice to the victims” of the financial services royal commission by holding a series of ...

Royal commission releases interim report
28 September 2018
Scale of Justice, Royal Commission

The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has been released, including a plethora of policy-related ...