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Economy

ING Direct calls for housing bonds

ING DIRECT has called for the development of fixed interest securities that would allow retail investors to participate in funding the Australian mortgage market.

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LIXI appoints new CEO

LIXI Australia has appointed Bruce Treloar as chief executive officer, effective 1 May 2014.

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Firstmac to expand Asian footprint

Independent non-bank lender Firstmac has signalled plans to tap into the Japanese market as the lender beefs up its funding capabilities in Asia.

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New entrants to 'erode' bank distribution

Major banks’ market share is being threatened by global and local heavyweights looking to capitalise on established distribution networks, according to JP Morgan.

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International investors flock to Aussie RMBSs

Overseas institutional investors are hungry for Australian residential mortgage-backed securities (RMBs) as one of the few functioning RMBS markets in the world, according to the Australian ...

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NSW govt continues financial export push

The NSW government has continued its push to make Sydney an international financial centre by calling on the federal government to remove tax uncertainty for foreign investors using ...

mortgagebusiness
IMF stagnation a 'real risk': Treasury

There is a "real risk" that continued stagnation in reform of the International Monetary Fund (IMF) could lead to an even more severe financial crisis the next time around, according to a ...

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Push for greater mortgage securitisation

The Australian Securitisation Forum (ASF) has called for residential mortgage-backed securities (RMBSs) and asset-backed securities (ABSs) to be granted High Quality Liquid Assets (HQLA) ...

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Coles closer to mortgage play

Retail heavyweight Coles looks set to beef up its financial services offering by entering the $1.2 trillion mortgage market in the near future.

mortgagebusiness
Firstmac hamstrung by banking act

Mortgage lender Firstmac has called for the removal of ownership restrictions preventing it from applying for an ADI licence.

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