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Ask few questions. Lend lots

In a brutal judgment, the Federal Court has undermined any restraint around consumer lending, handing Westpac a heck of legal victory over ASIC yesterday.

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N1 sells trail book

Finance broker and property services company N1 Holdings is funding growth in the business by selling its book of trail commissions.

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ACCC could scupper AFG buyout of Connective

Australian Finance Group’s share price rallied to a record high on Monday after the nation’s largest mortgage aggregator revealed it would pay $120 million to…

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‘Major changes’ to credit aggregates

A new method for calculating the monthly financial aggregates published by the Reserve Bank of Australia “are likely to result in revisions, some of which…

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Residential property prices to pick up: S&P

Australia’s residential property market is unlikely to drop further – with a few notable exceptions – according to a panel discussion organised by Standard &…

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Bumper dividends spark Genworth rally

Investors ploughed into the ASX-listed shares of Genworth Mortgage yesterday after the company declared a bumper special dividend.

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Bankruptcies hit 24-year low

Despite ongoing concerns about high household debt levels, the latest personal insolvency statistics suggest that Australians are doing a better job of managing their finances.

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Sentiment layers up in property

Mortgage lenders will be encouraged by survey results showing Australians have become more optimistic about the outlook for house prices.

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LMI providers marked down a notch by S&P

S&P Global Ratings has lowered its insurer financial strength and issuer credit ratings for the Australasian operations of Genworth Financial Mortgage Insurance, and for QBE…

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Heritage reworks broker platform ahead of branch expansion

Heritage Bank is overhauling its mortgage servicing platform in a bid to originate more home loans through its broker channels outside of Queensland.

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