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Loan serviceability buffers questioned

A new report has raised concerns that the loan serviceability buffers of Australian banks are too low for borrowers to withstand rate rises.

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CUA takes on the majors

Credit Union Australia believes its products offer a viable alternative to the majors following a substantial increase in new lending.

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NAB at risk from Scottish independence

National Australia Bank may face additional business risks if Scotland votes in favour of independence from the UK on September 18.

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Analysis: The future of broker commissions

There are sensitive, but critical questions to be asked at this point in time regarding the viability of the current remuneration structure for mortgage brokers.

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Non-majors forced to write riskier loans

Smaller lenders are being forced to write riskier loans as a capital disadvantage prevents them from competing on price with the majors.

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Majors, MFAA defend vertical integration

The MFAA and two major banks have defended vertical integration in mortgage broking following requests from the Murray Inquiry for further information on the consumer impact of bank-owned ...

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Banks lend support to financial literacy week

The Australian Bankers’ Association has expressed its support for the federal government’s MoneySmart Week 2014, which began yesterday.

mortgagebusiness
Lending exec resurfaces at planning firm

A former general manager of the Australian Loan Company has been recruited by a financial planning dealer group looking to diversify into the mortgage space.

mortgagebusiness
RBA flags ‘systemic risk’ of home lending

The Reserve Bank has warned of the potential risks of directing any more finance towards housing in its latest submission to the Murray Inquiry.

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EY calls for broker commission reform

Financial services firm EY has recommended the introduction of a fee-for-service requirement to mitigate conflicted remuneration in mortgage broking.

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