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Economy

Business conditions steady while confidence drops

Consistent above-average business conditions are helping reassure that economic recovery in the non-mining sector is gaining further traction, according to NAB.

mortgagebusiness
US likely to raise rates before year end

The US Federal Reserve is on track to raise interest rates before the end of the year, with a pick-up in economic activity and positive dialogue emerging from the central bank, according to ...

mortgagebusiness
Banking body calls for repair of ‘broken’ budget

With the mid-year economic and fiscal outlook expected before the end of the year, the Australian Bankers’ Association (ABA) says a clear plan and community consensus is needed on repairing ...

mortgagebusiness
Firstmac completes $500m RMBS deal

Non-bank lender Firstmac has successfully placed and priced a residential mortgage-backed securities (RMBS) deal worth $500 million despite citing difficult market conditions of late.

mortgagebusiness
Auswide issues floating rate note

Auswide Bank has announced it has successfully issued its second senior unsecured floating rate note (FRN).

mortgagebusiness
The state of the States’ mortgage market

The annual convention of the American Mortgage Bankers Association was recently held in San Diego, California, and I took the opportunity to attend to network, observe and monitor trends in ...

Kym Dalton
ING Direct hikes rates for owner-occupiers and investors

ING Direct has announced that it will increase its variable mortgage rates for owner-occupiers and investors.

mortgagebusiness
Major bank chief dismisses ‘housing bubble’ claims

The chief executive of a big four bank says the Australian housing market has ‘sound fundamentals’ but admits the group will continue to monitor ‘particular pockets’ more closely.

mortgagebusiness
Centrepoint announces changes to executive team

Mortgage and wealth group Centrepoint Alliance has appointed a new director and chairperson to its board after undertaking a renewal process over the past 18 months.

mortgagebusiness
Business confidence hits 11-month high

Business confidence rose further in October to reach its highest level since November last year, new data has revealed.

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