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Economy

Home loan arrears on the rise

A new report has revealed a slight increase in housing loan arrears during November 2014 for both prime and sub-prime residential mortgage-backed securities (RMBS).

mortgagebusiness
Industry body lobbies for NCCP changes

The federal government has been urged to deal with seven unresolved issues concerning the responsible lending rules.

mortgagebusiness
Economic recovery faces ‘major risks’

The World Bank has lowered its growth forecast for the global economy for the third consecutive quarter amid fears that a fragile recovery will become overburdened by significant risks.

mortgagebusiness
Australians addicted to debt

People are taking on more debt and are becoming more comfortable with being in the red, according to research by RaboDirect.

mortgagebusiness
Home ownership a million-dollar dream

The Australian dream of home ownership carries a $1 million price tag for many, according to research by comparison website finder.com.au.

mortgagebusiness
MFAA slams national newspaper

The mortgage broking industry’s peak body has taken issue with an opinion piece in a national newspaper it claims featured incorrect information about broker commissions.

mortgagebusiness
Home building to remain historically high

Westpac is confident that home building approvals will remain at historically high levels despite predictions of a retracement in the coming months.

mortgagebusiness
Connective creates new position for Heavey

Third-party heavyweight Steven Heavey has been hired to fill the newly-created position of general manager of strategy at mortgage aggregator Connective.

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Proposed SMSF ban generates further criticism

Accountants and consumers have joined mortgage brokers in opposing the Financial System Inquiry’s attack on SMSF borrowing.

mortgagebusiness
Mortgage and wealth group appoints new CFO

Centrepoint Alliance has announced the appointment of finance veteran John Cowan as its new chief financial officer.

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