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Economy

RBA rate announcement

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

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Gadens appoints banking partner

Law firm Gadens yesterday announced the appointment of banking and finance practitioner Tim Lipscombe as partner, effective 1 June.

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LA sues JPMorgan over 'predatory' mortgages

The US city of Los Angeles filed a lawsuit on Friday accusing JPMorgan Chase & Co. of channelling minority borrowers into risky home loans, according to the Los Angeles Times.

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Bluestone joins Connective panel

The Australian lending market received a boost to competition recently, with a new addition to the Connective lender panel.

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Former MFAA head calls for unity

A former president of the MFAA has called for greater cooperation between industry groups amid the growing trend of financial services convergence.

mortgagebusiness
YBR loan receives five-star rating

Yellow Brick Road’s Empower Variable loan has been awarded a five-star rating by industry researcher CANSTAR.

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Harrods Bank to target UK brokers

The banking arm of London’s luxury department store will soon offer tailored mortgages to high net-worth individuals through an exclusive third-party channel.

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YBR to buy mortgage manager

Wealth management group Yellow Brick Road is in the final stages of acquiring a mortgage manager and hopes to have another acquisition complete by 30 June.

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US mortgage originations remain weak

Mortgage originations remain weak in the United States despite an upward trend in aggregate debt, according to Standard Life.

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MFAA disciplinary rules re-authorised by ACCC

The Australian Competition and Consumer Commission (ACCC) has re-authorised the MFAA’s disciplinary rules until June 2019.

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