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Economy

NAB ‘not a mortgage bank’: Clyne

NAB chief executive Cameron Clyne today said he would not characterise the major lender as a ‘mortgage bank’ when compared with its peers.

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Hickey flags opportunity in shared equity mortgages

Industry stalwart and Deloitte partner James Hickey has earmarked shared equity mortgages as an area with strong potential for Australian lenders.

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RedZed announces $150m RMBS transaction

Specialist mortgage lender RedZed yesterday priced its $150 million specialist RMBS transaction 'RedZed Trust Series 2014-1'.

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Super to fund mortgage securitisation

The rebirth of the Australian securitisation market will provide a strong investment for the nation’s $1.7 trillion superannuation pool, according to Financial Services Council chief ...

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RBA rate announcement - May 2014

The Reserve Bank of Australia has today announced the outcome of its fourth board meeting of the year.

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Banks will continue to buy distribution

The acquisition of mortgage aggregators and originators is set to continue as financial services companies look to retain customers and grow revenue, according to a financial services lawyer

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ING DIRECT joins private cloud

ING DIRECT is the first bank in Australia to successfully transfer its infrastructure and systems to a private cloud.

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Market will strengthen in 2014

When I open the papers, I am often confronted by an overwhelming feeling of negativity.

Leteisha Pileggi, Money Survey, Australia, Australian property, property market, Western Australia
Majors’ market share pushes past 84pc

The big four's combined share of the Australian residential mortgage market has jumped to 84.5 per cent in April, according to APRA data.

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Market headed for credit roller-coaster ride

A sharp rise in interest rates would put bank debt levels in the danger zone and could risk the stability of lenders, the latest PwC banking survey has found.

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