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Economy

RBA already using macroprudential tools: Narev
24 October 2014
mortgagebusiness

CBA chief executive Ian Narev says the Reserve Bank is already exercising macropudential tools by talking about housing risks – and people are taking notice.

Australians undecided on selling family home to fund retirement
24 October 2014
mortgagebusiness

A new report by MLC has found that only 11 per cent of Australians plan to sell the family home to fund retirement.

Wealthier borrowers turn to brokers
24 October 2014
mortgagebusiness

The banks are missing a massive opportunity by not financing self-employed business owners, who are increasingly turning to the third-party channel.

Firstfolio appoints new CEO
23 October 2014
mortgagebusiness

Listed mortgage group Firstfolio Limited has announced the appointment of a new chief executive officer.

Top broker slams Keating, calls for foreign investment figures
23 October 2014
mortgagebusiness

An elite business writer and financial planner has rejected comments made by former prime minister Paul Keating that SMSF borrowing is the prime suspect behind the Reserve Bank’s investor ...

Mortgages getting riskier: RBA
23 October 2014
mortgagebusiness

The Reserve Bank has warned lenders and borrowers to “be careful” as home loans become riskier.

CBA leads bank satisfaction by a whisker
23 October 2014
mortgagebusiness

CBA has retained a narrow lead among customers of the big four banks in September, according to Roy Morgan Research.

DIFA appoints new chairman
22 October 2014
mortgagebusiness

Scottish Pacific Debtor Finance CEO Peter Langham has been appointed as chairman of the Debtor and Invoice Finance Association of Australia and New Zealand (DIFA).

Tax reform would curb negative gearing: AMP Capital
22 October 2014
mortgagebusiness

Lowering Australia’s income tax rate would significantly reduce the reliance on negative gearing, a leading economist has argued.

Major brokerage pens last-minute letter to Murray
21 October 2014
mortgagebusiness

One of Australia’s largest broker groups has urged David Murray to consider the significance of broker commissions in the context of the broader Australian mortgage market.