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The strength of the residential property market helped boost Genworth Mortgage Insurance Australia’s new insurance written and net earned premium in the six months to June, while COVID stimulus and de.. read more

COVID-related stimulus measures in Australia and the United States had a negative impact on the business of debt buyer and collector Credit Corp, as the supply of purchased debt ledgers dried up. read more

According to ABS lending data released yesterday, the value of new housing loan commitments fell 1.6 per cent in June, the first fall in monthly lending figures this year. read more

Macquarie Bank has launched an issue of capital notes, seeking A$400 million or more with an offer that includes an indicative margin of 290 to 310 basis points and a first call date of September 2028.. read more

For the second time this year ASIC has shown that it will back up the Australian Financial Complaints Authority by taking companies to court when they fail to comply with the ombudsman’s determination.. read more

As growth in deposit flows starts to wane, some deposit takers have made significant increases to TD rates over the past month. read more

EML Payments has run into more strife with its UK/Irish subsidiary Prepaid Financial Services, disclosing that there is a significant shortfall in dormant and expired “e-money” accounts. read more

Strong demand for housing finance over the past year has been reflected in lenders’ balance sheets, which show the highest growth in mortgage balances for a number of years. read more

The High Court has ruled on whether the operation of the Limitations Act can be set aside by a waiver in a mortgage contract, deciding that the Limitations Act does not automatically prevent mortgagee.. read more

Following the completion last month of REA Group’s takeover of Mortgage Choice, REA has chosen Mortgage Choice chief executive Susan Mitchell to lead its broking business. read more