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| | | Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result. This week APRA announced it would remove the 30% benchmark for new interest-only residential mortgages, which it ... |
| | | | ... "Over the past two years, we have deepened our commitment to this market, opening eight new branches, re-launching with mortgage brokers and introducing several innovative new products including our award-winning Everyday Global Account." "Under Jessica's ... |
| | | | ... Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus and Mortgage Choice - together termed as "Newco." SocietyOne managing director and chief executive Jason Yetton was appointed as NewCo chief ... |
| | | | ... service fees charged by aligned advisers in the wealth management group. NewCo is CBA's newly-branded wealth management and mortgage broking company preparing to demerge in 2019. A further $100 million will be set aside to cover the higher than expected ... |
| | | | ... vulnerabilities due to elevated prices and related household debt. A direct hit to the financial sector from a wave of mortgage defaults is unlikely. "However, if house prices collapse consumer spending could suffer, via negative impact on wealth, including ... |
| | | | ... has the assistance of our four administrative support staff," Orr said. Witnesses included the top lineups at banks, mortgage brokers, advice groups, superannuation trustees, insurers, regulators, external dispute resolution bodies, consumer groups and ... |
| | | | ... protecting yourself against disability or unemployment or protecting your family in the event of death if you have a mortgage," Thorburn said. "I don't think that's a natural conversation a banker would have." According to Thorburn, the bank made several ... |
| | | | ... a process of professionalisation should extend to other occupations within the sector, including lending specialists, mortgage brokers and business bankers. The imposition of professional obligations, which exist outside employment relationships, are ... |
| | | | ... The strategy invests in corporate investment grade bonds, semi-government and government bonds, supranational bonds and mortgage and asset backed securities, currently with an average rating of AA. It has scooped up fixed income awards from rating houses ... |
| | | | Credit specialist La Trobe Financial has priced its seventh issue of Residential Mortgage Backed Securities at $750 million. The issue welcomes six new investors to the RMBS program, including from Australia and overseas. La Trobe Financial chief corporate ... |
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