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Economy

Banks urged to put ‘stronger focus’ on customers

The eighth and final report looking at the Banking Reform Program has been released, calling that a “stronger focus on customers and their individual circumstances needs to become an ...

mortgagebusiness
Heritage Bank’s third-party visionary to retire

Long-serving Heritage Bank senior executive Paul Francis has announced his retirement, after a 28-year career that saw him introduce the group’s mortgage broker distribution channel.

Heritage Bank’s third-party visionary to retire
Brisbane unit market ‘a buyer’s market’

The current state of Brisbane’s unit market is a viable option for investing in the capital city, a property specialist has claimed.

mortgagebusiness
Draft legislation aims to reduce barriers to new banks

The federal government has released exposure draft legislation designed to enhance competition in the financial services sector.

mortgagebusiness
Aussies blowing the budget to buy a home

More than a fifth of Australian home buyers are exceeding their own spending limit when purchasing a property, according to a new ME research.

mortgagebusiness
Small business loan ABS trust first to be assigned rating

Prospa’s Australian small business loan asset-backed securities trust has become the first in Australasia to be assigned a rating.

mortgagebusiness
Mortgage delinquencies set to rise: Moody’s

Home loan arrears are expected to increase “moderately” through 2018, driven by a “softening” housing market, according to a Moody’s analysis.

mortgagebusiness
Banking sector experiencing ‘triple whammy’ of change

The CEO of the Australian Banking Association has suggested that while the banks are undergoing “intense and relentless scrutiny” driven by three forces, there is a “once-in-a-generation ...

mortgagebusiness
Non-majors gaining ground on big banks

The proportion of broker-originated mortgages from non-major banks has increased by 15 per cent over the past five years, new data has revealed.

mortgagebusiness
Household debt risks ‘no longer building’: RBA

The “strengthening” of lending standards have helped reduce household debt, according to Reserve Bank governor Philip Lowe.

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