RateSetter completes $10.5m capital raising

Will changes in lending like Ratesetter help reduce the problems of affordable housing or put more buyers in the market and make things worse? Private equity firm Five V Capital has led a $10. 5 million capital raising for peer-to-peer lender RateSetter Australia. Five V Capital has joined RateSetter‘s existing shareholders and additional p Source:

Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service. Source: Mortgage arrears at five-year high: Moody’s  

Bank refunds over $230k in overcharged interest – The Adviser

  A Tasmanian bank has refunded over $230,000 in overcharged interest and fees to more than 1,040 customers with mortgage offset accounts. A customer of MyState Bank Limited (MyState) reportedly contacted the bank to enquire about their offset accounts being linked to their mortgage. After conducting a review into why the accounts were not linked, MyState