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Pepper breaks into US sub-prime securities

Non-bank lender Pepper has issued Australia’s largest sub-prime RMBS transaction since the GFC and its first non-conforming placement in the US with joint lead managers CBA and NAB.

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Be more than responsible

The Reserve Bank has issued a couple of words of caution in recent weeks that should cause all of us mortgage brokers to pause for thought.

Ben Kingsley, Reserve Bank, mortgage brokers, strong property market, property prices, lenders
Vertical integration strangling mortgage market

The major banks’ stranglehold on mortgage distribution is stifling competition and locking smaller lenders out of the market, according to Firstpoint director Troy Phillips.

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LVR limits killing off NZ market segments

New Zealand’s LVR restrictions are having a major impact on segments of the housing market, according to a local mortgage broker.

mortgagebusiness
Biggest banks to hold more capital: Yellen

United States Federal Reserve chair Janet Yellen has flagged the possibility of “the largest, most complex banking organisations” holding larger amounts of capital.

mortgagebusiness
CUA accused of breaching union agreement

Credit Union Australia has come under fire from the Financial Services Union for a “misleading” email that was sent to all staff on 16 April.

mortgagebusiness
Return of RMBS 'scary': Kohler

The return of the RMBS market in Australia is not being matched by the supply of new land to lend against funding and is driving property prices higher, according to Alan Kohler.

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BNZ appoints new CEO

National Australia Bank today announced that Anthony Healy has been appointed as managing director and chief executive officer of Bank of New Zealand (BNZ).

mortgagebusiness
Cash rate to remain steady to year end: RBA

The official cash rate is expected to remain unchanged at 2.5 per cent for the rest of 2014, according to the Reserve Bank.

mortgagebusiness
ING Direct calls for housing bonds

ING DIRECT has called for the development of fixed interest securities that would allow retail investors to participate in funding the Australian mortgage market.

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