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Economy

COBA calls for clarity on broker ‘independence’

In its second submission to the Murray Inquiry, the Customer Owned Banking Association has called for greater transparency of brokers in a vertically integrated market.

mortgagebusiness
Mortgage group suffers $4 million loss

A listed mortgage group has seen a substantial loss in its 2014 full-year results.

mortgagebusiness
Fixed rates position banks for the cross sell

A former mortgage manager believes locking in borrowers for five years with a fixed-rate mortgage buys lenders more time to sell them insurance and wealth products.

mortgagebusiness
Bank of England officials disagree on rates

Two members of the Bank of England’s key policymaking body broke ranks this month by voting for higher borrowing costs.

mortgagebusiness
MyState broker strategy delivers

A re-engagement with the third-party channel is driving uplift in new settlements for MyState Limited.

mortgagebusiness
Veda records surge in high risk loan applications

Data insights company Veda has seen the number ‘red-flagged’ loan applications increase by 52 per cent in the two years to June 30.

mortgagebusiness
Analysis: the equity release dilemma

The Actuaries Institute has highlighted key issues with home equity release products in its second submission to the Murray Inquiry.

mortgagebusiness
Non-bank feels pressure as profits slide

A listed non-bank lender has recorded a fall in profits as market pressures squeeze margins.

mortgagebusiness
FBAA conference open to entire industry

The Finance Brokers Association of Australia (FBAA) says its upcoming conference is not restricted to members but open to all finance professionals.

mortgagebusiness
Mortgage broking vertical integration conflicted: poll

An overwhelming majority of mortgage professionals believe vertical integration in mortgage broking creates conflicts of interest.

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