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Economy

Apartment oversupply 'scary flavour of the month', says leading economist
25 May 2016
mortgagebusiness

Two of Australia’s most respected economists have addressed fears of an apartment bubble, following one bank’s decision to crack down on lending to high-rise and high-density dwellings in up ...

Lawyers warn new tax regime will impact mortgagees
25 May 2016
mortgagebusiness

Leading law firm Gadens has warned that the new capital gains tax withholding payment regime will impact real estate mortgagees.

Former PM joins negative gearing debate
25 May 2016
mortgagebusiness

With the negative gearing debate refusing to go away, former prime minister John Howard has reminded voters of where it all went wrong.

US Fed ‘edging’ towards a rate rise: AMP
25 May 2016
mortgagebusiness

AMP Capital’s chief economist says the US Federal Reserve is setting the scene for a second interest rate hike in the coming months, with US money markets pricing in a 28 per cent chance of ...

Firstmac completes $500m RMBS issue
24 May 2016
mortgagebusiness

Non-bank lender Firstmac has priced $500 million in residential mortgage-backed securities (RMBS) at 150 basis points over the bank bill swap rate.

Medcraft steps down as chairman
24 May 2016
mortgagebusiness

ASIC chairman Greg Medcraft has announced he will not seek a further term as chairman of the International Organization of Securities Commissions (IOSCO).

'Investors are supporting supply'
24 May 2016
mortgagebusiness

A second property organisation has come to the defence of investors in the wake of the industry’s debate on housing affordability, and has outlined two strategies to tackle the issue.

Major banks could offload local subsidiaries
23 May 2016
mortgagebusiness

Increasing regulatory capital requirements could erode the strategic importance and creditworthiness of the big four banks’ subsidiaries, according to a major credit ratings agency.

Banks reinforce commitment to consumers
23 May 2016
mortgagebusiness

The Australian Bankers’ Association (ABA) has appointed an independent expert to oversee the implementation of recently introduced measures by banks to protect consumer interests.

Firstmac receives top rating for RMBS
23 May 2016
mortgagebusiness

Standard & Poor’s (S&P) has assigned a AAA credit rating for three classes of Firstmac’s prime residential mortgage-backed securities (RMBS).