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Economy

Borrowers to set mortgage rates

Business analytics company FICO is using big data to measure the price sensitivity of borrowers, helping banks become more sophisticated with mortgage pricing and commissions.

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RBA rate announcement

The Reserve Bank of Australia has today announced the outcome of its board meeting.

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Building approvals plummet 11 per cent

New homebuilding may have hit its peak after approvals fell to a thirteen-month low in September.

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Wide Bay prices $300 million RMBS transaction

Queensland lender Wide Bay Australia Ltd last week priced its 11th RMBS transaction at $300 million.

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Fixed rate demand hits eight-month high

Record-low rates are driving an increasing number of borrowers to fix their mortgage.

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Aussie banks not so profitable

Australian banks are not the most profitable in the world, or even the most profitable companies in the country, according to the Australian Bankers’ Association (ABA).

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Sydney and Melbourne buoy national house prices

House price growth in Sydney, Melbourne and Brisbane was strong enough to bring the combined capital city home value up by one per cent in October, despite no growth recorded in all other ...

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Homeloans appoints new credit managers

Listed non-bank lender Homeloans Ltd has bolstered its NSW team with the appointment of two new credit managers to support its broker network.

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US Fed ends quantitative easing

The US Federal Reserve has ended its asset purchase program but will keep rates low as its economy continues to recover.

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AMP to buy stake in China pension fund

AMP Limited has revealed plans to create a “strategic foothold” in China’s growing enterprise annuity market, announcing it will acquire a stake in China Life Pension Company Limited

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