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Economy

Non-bank clips mortgages rates

Non-bank lender Resimac is celebrating the success of its summer rate reduction by running an additional promotion for a limited time. The offer in December of a lead-in rate of 3.74% per ...

mortgagebusiness
ADI licence granted to former religious charitable fund

A former religious charitable development fund is now operating as an ADI after being awarded a licence.

APRA
Mortgage borrowers more satisfied with brokers

Mortgagors are more satisfied with the broker channel than the direct-to-lender channel and would be more likely to use a broker in future, new research has revealed.

Consumer Access Mortgages Report
AMP announces new board appointment

The financial services group has announced the appointment of a new non-executive director, with its CEO also assuming his board position.

AMP building
Consistent values key to ethical conduct post-RC

Introducing more regulation is not the key to making lenders behave more ethically, according to a representative from The Ethics Centre.

mortgagebusiness
Bank lifts home loan rates

A non-major lender has announced variable home loan rate increases of up to 15 basis points for new and existing mortgage rates. 

ING
Cash rate tipped to hit new lows by year’s end

New inflation figures may force the RBA to “rethink” its monetary policy outlook amid weakness in several economic indicators, which could materialise in a 50bps cut to the cash rate, ...

RBA
Opposition urged to ‘come clean’ on ‘absurd’ housing policy

The federal opposition needs to reveal its timeline for implementing proposed negative gearing reforms to ease the uncertainty of home owners and investors, the chairman of a property group ...

Bill Shorten
APRA defends credit curbs, acknowledges ‘trade-offs’

Macro-prudential measures imposed to address “systemic risks” in the mortgage market had no “undue” impact on the flow of credit, APRA has said.

APRA
Mutual bank now offering ‘responsible’ mortgages

Teachers Mutual Bank has received certification from the Responsible Investment Association Australasia (RIAA) for its mortgages, retail deposits and wholesale funding.

mortgagebusiness
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