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Economy

New app to minimise underinsured risk

Tax depreciation specialist BMT has released a new app aimed at helping property owners reduce their risk of being underinsured during the rebuilding of their homes.

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Owner-occupiers increasingly using interest-only loans

ASIC has warned that interest-only mortgages are increasingly being taken up by owner-occupiers on lower incomes.

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Resimac RMBS assigned AAA credit ratings

Standard & Poor’s (S&P) has assigned fresh ratings to three classes of prime residential mortgage-backed securities originated by Resimac.

mortgagebusiness
RateSetter moves in on banks’ territory

RateSetter has become the first peer-to-peer lender in Australia to compete directly with the banks by offering secured personal loans.

mortgagebusiness
More Australians paying down debt

More Australians are choosing to forgo holidays and other luxuries in favour of paying off debt, according to a new survey by homeloans.com.au.

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Bouris eyes big opportunities in shifting mortgage market

Yellow Brick Road has outlined a significant growth strategy in response to major changes in the Australian mortgage market.

mortgagebusiness
QBE flags ‘industry-wide downturn’ in LMI

Australian insurance giant QBE has admitted that regulatory pressure on the banks to tighten mortgage lending has had a significant impact on new LMI business flows.

mortgagebusiness
FlexiGroup results in line with expectations

Diversified financial services group FlexiGroup has reported a modest increase in profit and volumes for the last financial year.

mortgagebusiness
Owner-occupier rate hikes ‘on the cards’

A leading economist has warned that owner-occupier mortgages could face the same price hikes as investor loans, putting pressure on the central bank to cut rates.

mortgagebusiness
Non-banks unlikely to fill investor gap: Westpac

Westpac chief economist Bill Evans says it is unlikely that Australian non-bank lenders will be able to meet demand for investor mortgages as the banks curb investor credit growth with ...

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