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Economy

Three Fed rate hikes tipped for 2016

The US Federal Reserve has indicated that four interest rate hikes is “in the ballpark” for 2016, but a global investment management firm believes it is more likely there will be three

mortgagebusiness
Sydney LGA records 47% growth in land value

New figures released by the NSW state government show land values have surged by more than 30 per cent in nine local government areas (LGAs).

mortgagebusiness
Investors switch $32 billion worth of home loans in five months

The RBA has revealed that property investors have reclassified $32.5 billion worth of mortgages since the introduction of a two-tiered mortgage market last year.

mortgagebusiness
Mortgage repricing bolsters bank oligopoly

Long-dominant oligopolies within supermarkets, general insurance and telecoms may be breaking down, but the strong position of the big four banks is “strong and functioning well”, according ...

mortgagebusiness
Bank Australia to introduce new loan portal

Bank Australia has revealed plans to develop a new online portal for borrowers to receive loan status updates.

mortgagebusiness
SAI Global to ramp up mortgage services

SAI Global’s property division has announced it will expand its offering beyond settlement services to other areas of banking and finance in 2016.

mortgagebusiness
Bendigo Bank reflects on successful 2015

Bendigo Bank says its premium product offering, quality customer service and unique innovation were the main reasons behind its multiple award wins last year.

mortgagebusiness
Subdued credit outlook for Asia-Pacific

The 2016 credit outlook for the Asia-Pacific region is “somewhat negative”, with borrower refinancing and new financing risks high on investors’ agendas.

mortgagebusiness
Capital focus to drive bank divestment in 2016

The preoccupation of the big banks with their capital costs is likely to see increased divestment activity in 2016, predicts Herbert Smith Freehills.

mortgagebusiness
COBA to engage on pro-consumer agenda for credit cards

Australia’s customer-owned banks are confident that a Senate committee report on the credit card market has delivered positive recommendations that can be implemented quickly.

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