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Economy

One-third sell reverse mortgages: poll

A third of Mortgage Business readers sell reverse mortgages despite settlements declining over the past three years.

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Mutual tops banking satisfaction survey

Bank customer satisfaction reached its highest level in 18 years during August, rising from 82.1 per cent in July to 82.3 per cent, based on a survey by Roy Morgan Research.

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We need negative gearing: housing lobby

Restricting access to negative gearing would reduce housing investment and affordability, according to new research.

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‘We will lose money for three years’: Wealth Market

Loan Market’s Sam White explains why he’s choosing an organic launch for the group’s financial planning arm.

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BOQ compensates Storm Financial victims

The Bank of Queensland has reached an agreement to pay $17 million to settle proceedings brought against it by ASIC and a class action on behalf of borrowers advised by Storm Financial.

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Investor home loan figures ‘exaggerated’

A leading economist believes the “exaggerated” levels of investor home loans being written could be indicative of first home buyer demand.

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BCA warns FSI on banking reform

The Business Council of Australia (BCA) has strongly advised the Financial System Inquiry to reconsider potential changes to banking regulation.

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Housing supply shortage set to continue

An expert panel at an economic summit in Sydney this week see Australia’s housing supply shortage continuing, further fuelling property prices.

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Loan Market details new planning venture

National brokerage Loan Market has spoken out about the launch of its financial planning service, Wealth Market.

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Mortgage stress drops with low rates

The number of homeowners experiencing mortgage stress has halved since March as borrowers take advantage of record-low rates.

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