ING Direct consolidates mortgage business units 23 June 2017 4:14PM ING Direct has brought together its direct and third party business units under the leadership of Mark Woolnough in the newly created role head of distribution. read more
Crowd-sourced funding rules take shape 23 June 2017 4:13PM ASIC has released two consultation papers explaining how it sees the new crowd-sourced funding regime applying to public companies and intermediaries - that is, to crowd funding platform operators. read more
Total value of housing sector outpaces mortgages 22 June 2017 4:12PM Analysis of recent data from the ABS and APRA by CoreLogic shows the total value of Australian residential housing is rising, and an increasing number of households have taken on mortgages. read more
Moody's relaxed over RMBS losses from rising mortgage stress 22 June 2017 4:10PM Moody's expects losses in RMBS portfolios to remain low, because house price appreciation has raised the amount of home equity available to absorb losses if loans were to default. read more
Auswide Bank given positive review by S&P 22 June 2017 4:09PM The Auswide Bank tech upgrade process is proceeding apace, as is the integration of Queensland Professional Credit Union Ltd (trading as Your Credit Union, or YCU). read more
Auswide Bank launches $300m RMBS 22 June 2017 4:08PM Auswide Bank, with a capital reorganisation and tech upgrade program underway, has also launched a A$300 million securitisation of its prime Australian mortgages. read more
High net worth investors line up to get OnDeck 22 June 2017 4:06PM Australian specialist fixed income and credit investment manager Global Credit Investments has raised A$22.5 million to finance the next stage of OnDeck Australia's small business loan book. read more
Rising home loan risks sees Moody's downgrade 12 banks 20 June 2017 3:21PM Last evening, after Australia's East Coast stock exchanges had closed for the day, Moody's Investors Service announced that it had downgraded the Baseline Credit Assessments, long-term ratings and Cou.. read more
Moody's puts Genworth on downgrade review 20 June 2017 3:19PM In a move that parallels its one-notch ratings downgrade of most of Australia's largest home loan providers in the banking sector, Moody's has downgraded the insurance financial strength rating of Wes.. read more
Moody's downgrades New Zealand's Big Four 20 June 2017 3:00PM In the wake of its one-notch downgrade of Australia's Big Four banks, along with a dozen smaller retail and mutual banks, Moody's Investors Service has downgraded the long-term ratings of the New Zeal.. read more