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Economy

DirectMoney sees record month of loan settlements

Marketplace lender DirectMoney has delivered a record lending month in March, driven by its relationships with mortgage aggregation groups.

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Investors gain access to prime credit markets

A pooled investment fund targeting high income returns from prime credit sourced by marketplace lending has opened to high-net-worth and institutional investors.

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Don’t count Google out of the mortgage market

In case you missed it, Google recently announced the closure of Google Compare.

Troy McErvale, mortgage market, Google, Google Compare, closure, Google Advisor
Banks slam call for royal commission

The Australian banking industry believes a royal commission into financial services is “unnecessary and a waste of taxpayer funds”.

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BOQ adds $2bn to loan book amid market ‘challenges’

One of Australia’s largest regional banks has achieved above system mortgage growth, driven by two critical distribution channels, over the six months to 29 February.

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Major banks face new funding hurdle

Several Australian banks – including the big four – may soon face a tough new challenge after the prudential regulator outlined plans to target their reliance on short-term wholesale funding

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Assetline expands SME offering

Short-term lender Assetline has launched a new company after identifying a “massively untapped area” in the market.

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Qantas Credit Union becomes a bank

Qantas Credit Union has officially changed its name, and unveiled a new website and banking app, in a bid to differentiate itself from its competitors.

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Building approvals in recovery mode

New home building began recovering in February following a decline in January, according to new data from the Australian Bureau of Statistics.

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Auswide celebrates significant milestone

Auswide Bank managing director Martin Barrett says the lender is “stronger, fitter and more capable than ever” after celebrating its 50-year anniversary.

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