Posts by Admin

Australian Mortgage Marketplace Successfully Closes Industry Equity Offer

Overview Australian Mortgage Marketplace Limited (“Australian Mortgage”) has today successfully closed its crowdfunding Industry Equity Offer through enable Funding. The Offer of ordinary shares was made primarily to the mortgage finance community of Australia, inviting ‘our crowd’ to participate as early-stage shareholders in Australian Mortgage. The crowdfunding campaign received $671,000 in share applications from 89…

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RBA has lost control, banks must hike mortgage rates

Banks are quite entitled to increase interest rates at any time. However, increasing due to funding cost increases which may be caused by their own lending policies does not reflect well. In the shadow of the Banking Royal Commission perhaps they should hold off, but I doubt it. This article originally appeared on Credit Suisse,…

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Millennials AREN’T killing mortgage broking

This article originally appeared on Rate City on 23/5/2018. Australia’s millennials have been accused of killing everything from landline phones to department stores, movie theatres, doorbells and golf, but not the mortgage broking industry, which has more millennial customers than any other demographic. According to the Roy Morgan single source survey, millennials (1976-1990) make up nearly…

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These three big banks are flogging home loans in disguise

In the current environment it’s really important to be transparent right along the mortgage value chain. At AMM we’re reducing opacity through a total commitment to transparency. This article originally appeared on The New Daily on 21/5/2018. Online mortgage comparison site HashChing has become the latest in a long string of mortgage websites to launch its…

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The CAD, Australia’s Prosperity, but a Challenge to Manage

This article was published on AB&F Daily Online on Monday 14 May 2018. Australia is locked into a growth by debt feedback loop that can only stop with the end of ever-increasing international debt and a system reset; in the meantime borrowing offshore against our housing is critical for growth. Let’s look at the effect…

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Probe exposes Australian banks’ abuse of customers

Once trust was assumed, now it must be earned.  According to a 2018 survey only one in three people in Australia trust the banking industry- and this was before the Banking Royal Commission commenced.    Also, an  Ernst and Young survey from 2016 indicates that new entrants and Fintechs have achieved parity with traditional banks when…

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Brokers split on fintech competition

This article originally appeared on Australian Broker on 24/4/2018. More than half of mortgage brokers are not concerned about increased competition from online broking platforms, according to a recent survey. Despite this, almost a third of respondents said they were looking to improve the digital capabilities of their businesses. The survey was completed by MyState…

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The Limits of Interest-Only Lending

This is a speech given by Christopher Kent on 24/4/2018. Introduction I’d like to thank the Housing Industry Association for the opportunity to speak to you about the role of interest-only loans. Mortgages on interest-only terms have become an increasingly prominent part of Australian housing finance over the past decade. At their recent peak, they…

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