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Economy

Firstmac hamstrung by banking act

Mortgage lender Firstmac has called for the removal of ownership restrictions preventing it from applying for an ADI licence.

mortgagebusiness
No capital incentive for LMI: QBE

QBE has urged the Financial System Inquiry (FSI) to consider the role that lender's mortgage insurance (LMI) plays in the financial system and recommends that capital relief be provided to ...

mortgagebusiness
YBR calls for greater mortgage mobility

Yellow Brick Road believes 14 days is sufficient time for lenders to be able to arrange transfer of a mortgage in accordance with the customer’s needs.

mortgagebusiness
No rate hike expected for months

While the housing recovery is a positive sign for the economy, high investor activity may pose a threat in future

Shane Oliver, rate hike, Australian economy, housing recovery, Reserve Bank of Australia
Looking back on the investment market

A look back in time shows investors need to get smart and do their homework before jumping into property investment.

Cameron Kusher
Looking into the crystal ball

When looking at 2014, I have confidence in predicting the share market rallies of 2013 will continue.

George Lucas
Regional banks mount attack on majors

A group of regional banks has challenged the majors’ stranglehold on the mortgage market through a submission to the Financial System Inquiry

mortgagebusiness
Future of mortgages in multi-channel offering: ING DIRECT

The future of the mortgage and broking industry hinges on its ability to deliver customer focused products and services through multiple channels, according to ING DIRECT.

mortgagebusiness
Demand for mortgage books spikes

Financial services firms are paying as much as two times the value of the trailing commission for mortgage books, according to a financial planning practice broker.

mortgagebusiness
ABA calls for greater diversity of funding

In its submission to the Financial System Inquiry (FSI), the Australian Bankers’ Association Inc. (ABA) has called for the government to support diverse funding sources and the development ...

mortgagebusiness
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