National Australia Bank’s group returns continue to be stymied by its UK operations, despite recently offloading 20 per cent of its commercial real estate loans.
RP Data has acquired an intellectual property portfolio relating to Automated Valuation Models (AVMs) and Indices from its strategic partner Rismark International.
A “mini US-style refinance boom” is stirring the Australian mortgage market as lenders race to the bottom for fixed rates and retention takes a back seat.
While rates are expected to remain steady next week, economists are forecasting the official cash rate to increase by 150 basis points from next year.
Macquarie Bank and ME Bank have seen a significantly steeper increase in their loan books during the 2013/2014 financial year.
The Real Estate Institute of Western Australia has warned the state government against any moves to privatise Keystart Home Loans.
The Bank of Queensland is expected to see significant growth in its mortgage volumes in the medium term as the Queensland economy recovers.
When CBA announced last month that it had cut its five-year fixed rate home loan to 4.99 per cent, NAB and Westpac quickly followed suit.
A Commonwealth Bank executive has made it clear that Australia’s biggest bank is leading the charge in disruptive technology in the financial services space.
Independent Senator for South Australia Nick Xenophon will introduce legislative changes to allow first home buyers to access their superannuation savings to pay a house deposit.
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