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Economy

Acquisition to boost branded loans for non-bank

One of Australia’s largest non-bank lenders has recorded a surge in branded home loan settlements over the six months to 31 December 2014.

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Accountants call for loan guarantee scheme

The Institute of Public Accountants (IPA) is urging the federal government to introduce a state-backed loan guarantee scheme for small business.

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Economy won't be saved by rate cut, says economist

One chief economist has argued that the historically low RBA cash rate of 2.25 per cent is not enough to promote economic growth, particularly in the context of a depreciated commodity ...

mortgagebusiness
Major bank changes misconduct policy

NAB CEO Andrew Thorburn has announced a number of new measures to enhance oversight of the bank’s financial planning channels, following its revelation of a compensation project involving ...

mortgagebusiness
Broker head sees no end to investor boom

One of Australia’s fastest growing banks believes the low-rate environment will further encourage investors to continue growing their portfolios.

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New bank outpaces big four in mortgage growth

One of Australia’s newest banks saw significant growth in broker settlements over the six months to 31 December last year.

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Lisa Montgomery to chair Sydney mortgage event

Former RESI chief executive and industry veteran Lisa Montgomery will chair the 10th Annual Loan Origination Excellence 2015 event in Sydney this week as industry heavyweights meet to ...

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Non-banks must unite, says Barnes' Rayner

Barnes Home Loans executive director Janelle Rayner has urged non-bank lenders to join forces to combat the strength of the big four.

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Credit reporting takes effect

Lenders will soon be able to assess more of their clients’ credit history than previously, following last year’s changes to the Privacy Act.

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Barnes brand to live on

Queensland mortgage manager Barnes Home Loans will not be rebranded following its acquisition by non-bank lender Homeloans Ltd.

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