Banksia receiver works fast

McGrathNicol, the receiver and manager of Banksia Securities, says it expects to accelerate the timing of returns to debenture holders. read more

Moody's trims RMBS ratings for six banks

Moody's Investors Service's downgrade of the financial strength ratings of lenders' mortgage insurance companies will percolate through to reduced credit ratings on some senior mortgage-backed bonds.. read more

Link in harness on conveyancing reform

National E-Conveyancing Development Limited has completed another funding round, with Link Market Services joining the share register of the entity charged with automating Australia's property trans.. read more

Home loan arrears below average

Outer urban growth corridors in Australia's capital cities continue to feature in a regular ranking by Fitch Ratings of the localities with the greatest concentration of problem loans. read more

Moody's cuts ratings of mortgage insurers

A re-think on the risks of credit losses by the funders of Australia's A$1.3 billion home loan pool has led to a cut in the ratings of three lenders' mortgage insurance companies by Moody's Investor.. read more

LMI sector thin on capital

Moody's has justified its cut in the ratings of mortgage insurers in Australia after a "review focused on the sufficiency of the LMIs' capital levels in the event of an unexpectedly severe downturn.. read more

ACCC takes aim at Visa over FX rates

Visa's business practices will come under scrutiny in a Federal Court action bought by the ACCC over an esoteric foreign exchange service known as dynamic currency conversion. read more