27 Per Cent Profit Loss has Genworth Looking Offshore

Genworth Mortgage Insurance Australia Limited, a Lenders Mortgage Insurance (LMI) provider, recently reported their 2017 financial results, which showed they experienced a loss of 26.7 per cent. These financial results have been…

Opinion – Productivity Commission Report Based on Inferior UBS Research

If you haven’t seen the recent report by the Productivity Commission, it’s a harsh report about the mortgage industry based on poor research and the lack of accurate data. It’s in need…

2018 Could Be the Year of the Mortgage Broker

While the new, stricter regulations and the cooling of property prices seem like a challenge, these very aspects may offer mortgage brokers with a silver lining. Stricter Regulations When regulations change in…

Australia Suffers Strictest Credit Conditions in 15 Years

Richard Holden, a professor of economics at the University of New South Wales Business School, told The Australian Financial Review that Australia is following the same mistakes made in the US housing…

The ACCC May Delve Deeper into Banking’s IO Rate Repricing

The ACCC, Australian Competition and Consumer Commission, is being encouraged to dig deeper into IO (interest-only) mortgage repricing by the House of Representatives Standing Committee on Economics. The ACCC has released three…

The Six Principals for Good Consumer Outcomes by the CIF

Broker remuneration is often based on consumer satisfaction. Why? Because confidence in mortgage brokering is imperative for the industry to survive and thrive. The CIF, Combined Industry Forum, responded to Treasure with…

Turnbull Government Looks to Revolutionise Business Lending

The Turnbull government is counting on Australian fintech lenders and mandatory comprehensive credit reporting to revolutionise business lending. Fintech start-ups have increased by more than 5 times as of July from lower…

Rise in Lending Volumes Shows 6 Percent Profit Growth for the CBA

In September’s quarter this year, The Commonwealth Bank of Australia (CBA) reported a cash profit of 2.65 billion dollars. The main reason for this increase is due to the increased lending volumes.…

One-Third of First Home Buyers are Borrowing from Their Parents

Surveys Say Mum & Dad Home Loans are Popular A recent survey by State Custodians has uncovered something interesting about first home buyers across Australia. Apparently, 29 per cent of Australians aged…

Eight Things You Should Know Before You Try Property Investing

The learning process for property investing is important, but if you can avoid the mistakes others have made, you will gain an edge. The learning curve of property investing costs you time,…

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