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Advisers write one in four new AMP home loans

AMP Bank has seen a significant increase in the use of AMP-aligned financial advisers as a distribution channel for the lender’s residential mortgages.

Big four ‘own’ 40 per cent of brokers

Australia’s mutual lenders have hinted at the need for a national mortgage broker register after estimating 40 per cent of loan writers are owned by the major banks.

Australian banking growth to slow

Morningstar analysts have flagged, as a “central theme”, slower growth in the Australian banking system over the coming years.

Genworth loses major bank contract

LMI provider Genworth has conceded it will feel the “full effect” of a major bank’s decision to terminate its agreement with the group.

Lenders to benefit from new Veda service

Australia and New Zealand’s largest credit reference agency has launched a new service designed to support lenders in assessing the risk profile of customers applying for a loan.

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