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Economy

US mortgage demand hits 14-year low

Applications for US home loans fell last week to the lowest levels since December 2000 as interest rates rose for the first time in four weeks.

mortgagebusiness
Fears grow as investor loans skyrocket

The boom in investment lending has reached a record high with investors accounting for half of all loans written in July.

mortgagebusiness
CEO hits back at ‘sub-segment’ claims

Mortgage Choice chief executive Michael Russell has dismissed the idea that mortgage broking is a "sub-segment" of financial planning.

mortgagebusiness
Low rates boost loan demand

The latest housing finance data shows mortgage demand crept slightly higher in July.

mortgagebusiness
Big banks swerve LMI for higher rates

The big four and Macquarie are being incentivised by a capital disparity to ‘cherry-pick’ high LVR loans and charge a higher rate, rather than use lender's mortgage insurance.

mortgagebusiness
SMSF loans a potential NCCP breach

Financial advisers and accountants who provide certificates for LRBAs could be breaching the NCCP.

mortgagebusiness
Broking a ‘sub-segment’ of planning, says YBR chief

Yellow Brick Road’s top executive has weighed in on the convergence debate by arguing that mortgage broking is a ‘sub-segment’ of financial planning.

mortgagebusiness
Mutual banks ‘at a threshold’

The head of Australia’s second biggest credit union believes the industry has reached a pivotal point that will determine its future.

mortgagebusiness
ING Direct sells mortgage portfolio

A non-major lender with extensive third-party distribution reach has purchased a $1.5 billion portfolio of non-branded mortgages from ING Direct.

mortgagebusiness
Planners and accountants the future of distribution

The head of a boutique aggregator believes the future of mortgage distribution will be driven by financial planners and accountants.

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