As read in Mortgage Business- One chief economist has argued that the historically low RBA cash rate of 2.25% is not enough to promote economic growth, particularly in the context of a depreciated commodity sector and poor business confidence. As mining investment and commodity prices fall, Australia needs growth to shift to non-mining industries, a […]
As read in Mortgage Business– Last week’s announcement that a major bank has terminated its agreement with Genworth Aust could have a positive impact on the LMI insurer, one industry figure has argued. Shares in Genworth fell sharply after Westpac’s decision to terminate its Lenders Mortgae Insurance agreement with the group following a strategic review […]
Recently read in the Aust Broker Online – Australian households have hit over $101 billion in credit card and personal loan debt. Borrowing on credit cards and personal loans has hit $101.4 billion combined as at Dec 2014, according to the latest APRA data. This is the highest level of personal loans and credit card […]
NSW Fair Trading commissioner Rod Stowe has issued a warning about bogus callers claiming to be from some of Australia’s biggest banks falsely advising consumers they are victims of fraud. NSW Fair Trading is receiving reports of consumers being contacted by people purporting to represent banks based in Australia, Mr Stowe said. “The bogus callers […]
