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Economy

Economist dismisses speculation over mortgage stress

A leading economist has called out the “exaggerated modelling” used by Credit Suisse analysts to estimate GFC-like stress levels among borrowers if rates were to rise.

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New entrant threat ‘incremental and progressive’

Credit specialist La Trobe Financial expects Australian lenders to meet the threat of new digital entrants head-on.

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Murray report leaves non-banks in the dark

Non-bank lender Firstmac has expressed its disappointment with the Murray Inquiry’s interim report for failing to address restrictions to obtaining ADI status.

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ME Bank winning on fixed rates

ME Bank has seen a huge upswing in the number of broker-originated fixed-rate mortgages processed over the last financial year.

mortgagebusiness
Regional bank report identifies likely acquisition targets

A branded retail brokerage has been earmarked as a potential acquisition target for Bendigo and Adelaide Bank and Bank of Queensland.

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Low-doc loan demand falls

The demand for low-doc loans has fallen to its lowest levels since the GFC.

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YBR director steps down

Yellow Brick Road has announced the resignation of Scott Jones as a non-executive director.

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COBA CEO resigns

The board of the Customer Owned Banking Association has advised its members that Louise Petschler has resigned as chief executive.

mortgagebusiness
RBA could follow New Zealand on LVR caps

The Reserve Bank could cap LVR or work with APRA to change capital requirements on residential mortgages.

mortgagebusiness
JP Morgan Chase mortgages down 66 per cent

America’s largest bank saw its earnings drop by half a billion dollars over the past year after mortgage originations fell sharply.

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