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Economy

New directors join AMP super boards

The wealth manager has appointed two non-executive directors to its superannuation boards.

mortgagebusiness
RC interim report could trigger further credit tightening: RBA

Banks could tighten their credit policies further in the wake of the release of the financial services royal commission’s interim report, the Reserve Bank has said.

Reserve Bank of Australia
P&I switch could worsen senior debt stress

There has been a significant increase in calls to debt assistance services by seniors this year, including those struggling with their mortgage repayments.

mortgagebusiness
AusPost terminates banking partnership with ANZ

ANZ will be the only major without a banking agreement with Australia Post, after being advised that its contract has been terminated.

mortgagebusiness
Borrowers increasingly slipping into negative equity: Roy Morgan

Falling property prices have driven an increasing number of mortgage holders out of positive equity, according to new research from Roy Morgan.

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Majority of borrowers fear permanent mortgage burden

Most borrowers are concerned that they’ll never be able to pay off their mortgage, according to the latest research from ING.

mortgagebusiness
Non-bank rise could increase ‘stability risks’: RBA

The central bank has warned that an increase in the non-bank sector’s market share could pose a threat to financial stability.

Non-bank rise could increase ‘stability risks’: RBA
Bank misconduct has led to suicide attempts, says MP

The head of Australia’s largest bank has been forced to confront the devastating impact the group’s misconduct has had on the wellbeing of its customers.

mortgagebusiness
Non-banks are not bottom feeders: Firstmac

Firstmac managing director Kim Cannon has urged the mortgage industry to recognise the role that non-banks play in the prime lending space.

mortgagebusiness
Labor’s negative gearing plans would test low-income earners, warns CEO

On the back of recent political party debates over Australia’s housing affordability plans, Starr Partners CEO Douglas Driscoll said that Labor’s plans to limit negative gearing to new ...

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