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Economy

Securitiser assets up by $7.3bn in December quarter

Assets held by securitisers spiked by 6 per cent in the December quarter, according to the latest figures from the Australian Bureau of Statistics.

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Average credit card debt now around $4,200

High-income earners are accumulating larger credit card debts, with unemployed Australians also accumulating a high level of debt, new data has suggested.

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Firstmac completes $600m RMBS issue

Non-bank lender Firstmac has priced a $600-million residential mortgage-backed securities issue at 1.05 per cent over the bank bill swap rate.

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Major bank to raise $750m with new hybrid

CBA has launched a new tier-one hybrid security, PERLS X, with a margin expected to be set between 3.4 per cent and 3.6 per cent above the 90-day bank bill swap rate.

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CoreLogic announces key appointment

After four years leading the operational, strategy and sales divisions at CoreLogic, Matt Carlson has been appointed as the group’s new general manager of benchmarking solutions, effective ...

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CCR reforms must not be discriminatory, says ABA

The upcoming comprehensive credit reporting reforms must not discriminate against Australians who have previously experienced financial difficulties, the chief executive of the Australian ...

mortgagebusiness
Brokers urged to close deals with A+ credit-rated deposit bonds

Deposit Assure is calling on brokers to close the deal with deposit bonds backed by A+ credit-rated insurers, following the shutdown of competing deposit bond provider Deposit Power.

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Non-bank cuts rates by up to 105bps

Bluestone Mortgages has announced rate cuts of 75 to 105 basis points across its Crystal Blue product suite.

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RBA unveils interest rate decision

The Reserve Bank of Australia has announced its cash rate decision for March following its monthly board meeting.

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Major banks announce rate changes

Two of the big four banks have announced changes in their fixed rates.

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