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Economy

FHB loans hit four-year low

The number first home buyer loans being written through the broker channel have reached their lowest levels in four years.

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Fixed-rate mortgage demand on the rise

Demand for fixed-rate mortgages is increasing with one in four borrowers choosing to fix rates last month.

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Former Hockey adviser joins ABA

A former senior policy adviser to the treasurer has joined the executive team of the Australian Bankers’ Association.

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RBA rate announcement - September 2014

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

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YBR mortgage settlements up 49 per cent

Yellow Brick Road has posted a 49 per cent increase in mortgage settlements for the 12 months to June 30.

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Regionals call for increased broker disclosure

Australia’s regional lenders have called for increased transparency and better disclosure to ensure customers understand the level of broker independence.

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NZ reverse mortgage market ‘stagnant’

Deloitte Australia’s Actuaries & Consultants released its seventh comprehensive study of the New Zealand reverse mortgage sector this week.

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TAL names new board chairman

TAL has announced that a veteran of the Australian and UK life industries will become the next chair of the insurer’s board of directors, with current chair Rob Thomas AM set to step down

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RBS fined $25m for poor mortgage advice

UK lenders RBS and NatWest have been fined $25.7 million for serious failings in their advised mortgage business sales.

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Wide Bay profits jump 16 per cent

Queensland’s largest building society has posted a 16 per cent increase in net profit after tax for the 2013/2014 financial year.

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