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Economy

Digital mortgages up 23pc in six months

UBank mortgages grew from $2.2 billion to $2.7 billion in the six months to March 31, an increase of 22.8 per cent.

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RBA rate cut expected by year end

The federal Budget has created compelling evidence for the Reserve Bank to cut interest rates - rather than raise them - by year end, according to a former RBA employee.

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Reverse mortgage growth hangs on Budget

Tonight’s federal Budget could incentivise retirees to release equity in their homes, driving new demand for reverse mortgages.

mortgagebusiness
Threat of new entrants splits opinion

A Mortgage Business poll has found the threat of new entrants to existing lenders has split opinion among readers.

mortgagebusiness
Barclays to axe 19,000 jobs

Barclays has announced plans to axe 19,000 jobs over three years, including 7,000 from its investment bank.

mortgagebusiness
NAB ‘not a mortgage bank’: Clyne

NAB chief executive Cameron Clyne today said he would not characterise the major lender as a ‘mortgage bank’ when compared with its peers.

mortgagebusiness
Hickey flags opportunity in shared equity mortgages

Industry stalwart and Deloitte partner James Hickey has earmarked shared equity mortgages as an area with strong potential for Australian lenders.

mortgagebusiness
RedZed announces $150m RMBS transaction

Specialist mortgage lender RedZed yesterday priced its $150 million specialist RMBS transaction 'RedZed Trust Series 2014-1'.

mortgagebusiness
Super to fund mortgage securitisation

The rebirth of the Australian securitisation market will provide a strong investment for the nation’s $1.7 trillion superannuation pool, according to Financial Services Council chief ...

mortgagebusiness
RBA rate announcement - May 2014

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

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