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NHFIC finalises First Home Loan Deposit Scheme panel

Commonwealth Bank and NAB are the two major banks among 27 lenders chosen by the National Housing Finance and Investment Corp to offer guaranteed loans…

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Resimac to fund all its loans

Resimac is simplifying its product set, announcing that it will focus on products funded by Resimac itself. It will stop originating non-principally funded loans.

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Citi risks backlash over mortgage rate hikes

Citibank is facing a backlash from politicians and consumer groups this morning after moving to claw back recent home loan rate cuts from new borrowers.

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Mortgage broker best interests duty bill introduced

The Government has taken action on its promise to introduce a best interests duty for mortgage brokers, tabling a bill in Parliament last week that…

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RBNZ retains mortgage lending caps

The Reserve Bank of New Zealand says it will maintain so-called macro-prudential restrictions on Kiwi banks and other regulated entities amid concern that the prevailing…

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AFG founders sell down

AFG founders and directors Brett McKeon and Malcolm Watkins have sold significant proportions of their holdings in the mortgage aggregator.

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YBR board survives second strike

The Yellow Brick Road board suffered a “second strike” at its annual general meeting yesterday, when 44.9 per cent of votes were cast against adoption…

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Harder to resolve mortgage arrears

The RBA says improvements to lending standards have placed downward pressure on home loan arrears, but many troubled borrowers are remaining in arrears for longer.

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Diversified revenue keeps Liberty Financial in profit

Non-bank, non-ADI lender Liberty Financial has continued to take advantage of the pressures on its listed banking rivals, posting a pre-tax profit of A$94.1 million.

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86 400 banks on brokers for mortgage origination

Mortgage brokers have reacted positively to the launch of a digital mortgage by 86 400, but believe the industry and borrowers might need time to…

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