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Economy

RMBS arrears rise further

The proportion of Australian housing loans in arrears has increased for prime and non-conforming residential mortgage-backed securities (RMBS).

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Mortgage competition ‘intense’ as discounting continues

A non-major lender has commented on the fierce competition for owner-occupied home loans as it looks to ramp up its distribution through brokers and financial planners.

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Report shines light on unethical bank behaviour

A new study has provided evidence of unethical behaviour among the big four banks.

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COBA calls on govt to support mutuals

The Customer Owned Banking Association (COBA) has called for tax changes in the federal budget to spark innovation, promote greater competition and deliver more consumer choice in the retail ...

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Bendigo Bank to combat climate change

Bendigo Bank has announced a new partnership to help raise awareness on climate change.

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More Chinese borrowers seeking non-banks

An increasing number of Chinese property investors are turning to Australian non-bank lenders to fund their acquisitions and projects in the wake of foreign investment crackdowns.

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Association warns against changes to housing tax

The Labor Party’s plan to halve the capital gains tax (CGT) discount on investment properties will not fix the nation’s housing affordability and supply problems, an industry body has warned

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Teachers Mutual tops industry for customer service

A mutual bank has been recognised for its superior customer service at the Roy Morgan Customer Satisfaction Awards in Melbourne.

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Units drive increase in new home sales

New home sales experienced a resurgence in December 2015, following three consecutive months of decline.

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Negative interest rates mean ‘unknown consequences’

Recent experiments with negative interest rates by central banks could end up doing the global economy “more harm than good”, according to a global investment management firm.

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