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Making news this week (week ending 27 May)

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

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The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

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Young FHBs rise over FY20: ABS

Australians aged between 25 and 34 accounted for over half of the country’s first home buyers over the period, according to new data.

NZ lifts interest rates

The Reserve Bank of New Zealand has lifted the benchmark interest rate to 2 per cent, as it tries to get a handle on surging inflation.

NAB lowers its DTI

The big four bank is decreasing its debt-to-income threshold to “meet regulatory obligations” and “lend responsibly”.

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What is the maximum proportion of income borrowers should use to service a mortgage?

AFG CFO steps down

The aggregator’s chief financial officer is set to depart, for a posting with another ASX-listed company.

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Finsure announces new CEO

Simon Bednar has been named as the new chief executive of mortgage aggregator Finsure, as former CEO John Kolenda take...

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NAB lowers its DTI

The big four bank is decreasing its debt-to-income threshold to “meet regulatory obligations” and “lend responsibl...

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