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Economy

No level playing field for regionals

The regional banks’ calls for a drop in mortgage risk weights are unlikely to be met by the Financial System Inquiry.

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Cash offers ‘a given’ with NZ mortgages

Cash offers and discounted rates have become entrenched in the New Zealand lending market as the banks battle for market share.

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Planner flags conflicted remuneration in mortgage broking

A financial planner turned mortgage broker has called out conflicted remuneration as a ‘fundamental issue’ in mortgage broking.

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Short-term loans on the rise

Comparison website Finder.com.au is urging Australians to be aware of the risks when taking out short-term loans following a rise in demand through the site.

mortgagebusiness
Deloitte sees digital value in major banks

Major lenders have the brand and reputation strength to weather digital disruptors.

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Low growth in bank fees

The proportion of household spending on bank fees is at its lowest level since 1999.

mortgagebusiness
Online mortgages drive Firstmac RMBS demand

Strong investor interest in Firstmac’s online lender has driven demand for the non-bank’s latest RMBS transaction.

mortgagebusiness
ASIC ‘complacent’ on major bank sub-brands

The Customer Owned Banking Association has called for a crackdown on misleading and confusing banking information given to consumers.

mortgagebusiness
Coles mortgage play pivots on trust

A top executive has emphasised the importance of trust amid news Coles could venture into residential mortgages.

mortgagebusiness
Verification app wins industry approval

A former mortgage manager’s verification tool has piqued the interest of broker groups and lenders.

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