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Analysis: Is the mortgage industry ready for disruption?

Fintech businesses have descended on the mortgage market in recent months, eager to establish themselves as legitimate distribution channels. But are banks and brokers ready to embrace new ...

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Australia’s top mutual bank revealed

A non-major bank that entered the third-party channel last year has been crowned Australia’s best customer-owned institution.

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NSW scraps mortgage duty

The New South Wales government has confirmed that three business taxes will be abolished from 1 July following the unveiling of the state budget today.

mortgagebusiness
ME cuts home loan rates

Industry super fund-owned bank ME has today announced further rate cuts for owner-occupiers and investors.

mortgagebusiness
Firstmac sale underscores ‘dilemma’ for non-banks

Australia’s non-bank lenders are in desperate need of alternative funding as securitisation markets fail to deliver, according to mortgage market analysts.

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Securitisation could provide soft landing for non-performing loans

A global investment bank believes securitisation could hold the key for Chinese banks to improve their asset quality as China’s non-performing loans continue to rise.

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Incoming supply could dent Melbourne's house prices

Melbourne’s housing market is “nearing a peak and could be entering a slump”, according to a new report.

mortgagebusiness
Firstmac to be sold

One of Australia’s largest non-bank lenders has been put on the market, with reports suggesting the company could be worth up to $500 million.

mortgagebusiness
ThinCats receives funding boost

Peer-to-peer (P2P) lender ThinCats Australia has received a significant funding commitment as it continues to grow its presence in the business lending sector.

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Govt attacked over 'knee-jerk reaction' to foreign buyers

A leading accountancy firm has hit back at the NSW government’s plans to charge foreign property buyers a 4 per cent stamp duty, warning that the state risks damaging its property industry

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