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Economy

Analysis: Can ANZ revolutionise banking?

Under the leadership of CEO Shayne Elliott, ANZ is eager to transform itself into a smaller, simpler and more technologically savvy organisation.

Analysis: Can ANZ revolutionise banking?
Pepper prices first $1bn RMBS

The non-bank lender has priced its first $1 billion residential mortgage-backed security, driven by strong demand.

mortgagebusiness
RBA supports ‘crucial’ duty of care obligations for brokers

Conflict of interest disclosure should apply to “all brokers”, the central bank has noted in support of Productivity Commission’s recommendation.

mortgagebusiness
More properties selling for over $1m

The number of properties sold for more than $1 million in 2017 was higher than ever before, according to new research from CoreLogic.

mortgagebusiness
Major bank appoints new GM for Asia Pacific

Westpac has announced that its current head of corporate & institutional distribution and origination, financial markets, is to become the new general manager for Asia Pacific.

mortgagebusiness
Listings numbers contract as home values continue to slide

Following last week’s erratic movements, home values are beginning to show signs of a general slide around the country, according to the latest CoreLogic data.

mortgagebusiness
Xinja outlines challenges with mortgage play

The neobank has flagged issues with its plans to break into the home loan market as it looks to become an ADI within the next few months.

mortgagebusiness
Home loan arrears spike in January

Mortgage arrears jumped by 23 basis points in January, according to the latest figures from Standard & Poor’s.

mortgagebusiness
Sydney price slump driven by investor slowdown: ABS

Sydney’s property price growth has “slowed significantly” due to the effect that tightened lending conditions have had on credit demand from investors, according to the Australian Bureau of ...

mortgagebusiness
Non-major hikes rates by up to 25bps

A regional bank has announced that it will increase interest rates on all variable rate home and small business loans by up to 25 basis points.

mortgagebusiness
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