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RBA flags ‘systemic risk’ of home lending

The Reserve Bank has warned of the potential risks of directing any more finance towards housing in its latest submission to the Murray Inquiry.

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EY calls for broker commission reform

Financial services firm EY has recommended the introduction of a fee-for-service requirement to mitigate conflicted remuneration in mortgage broking.

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Non-bank launches specialist lending program

Pepper Australia has relaunched its Better Business eLearning Hub with a new module dedicated to specialist lending.

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Lender breaks four per cent home loan barrier

Australia’s largest mutual bank has broken ranks with competitors by offering a home loan under four per cent.

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La Trobe changes SMSF loan terms

Credit specialist La Trobe Financial has made changes to the loan terms available on its commercial lending products.

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Investment boom opens new gap in lending

The hot residential investment market has exposed a new niche lending segment that specialist lenders and brokers are yet to capitalise on.

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Former Westpac exec joins ANZ Board

The chairman of ANZ Bank, David Gonski, yesterday announced that Ilana Atlas would join the ANZ Board.

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Home lending increasingly competitive, says RBA

The Reserve Bank has noted how low funding costs have led Australian banks to compete for home lending more actively than in previous years.

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NAB reports $1.7bn profit for Q3

National Australia Bank’s profit has held steady despite a drop in revenue and expenses, according to its annual statement to the ASX.

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