Yearly Archives: 2015


Westpac exit could hold silver lining for Genworth – Mortgage Business

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 […]


State government warns of bogus bankers – Mortgage Business

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 […]


Aussies paying mortgages off faster- Australian Broker Online

Australians are keeping well ahead of their mortgage repayments, utilizing consistently low interest rates to pay loans off faster. Results from Citibank’s 2014 financial survey show a quarter of the population are mortgage free home owners, up 9% from 2007. News Ltd spoke to Citibank’s head of banking solutions and wealth management, Deidre Wroth, who […]


Unemployment rate record surprise fall in December – Australian Broker Online

Australia’s unemployment rate has unexpectedly – but welcomely – fallen to 6.1%in December, according to the latest Australian Bureau of Statistics labour force figures. Economists were predicting the unemployment rate would remain steady at its 12-year high of 6.3% in the lead up to the release of the official figures, however it dropped 0.1% from […]