A downturn in the housing sector could put pressure on the ratings of Australia's big banks, a mortgage stress test has found. … âA rapid rise in the unemployment rate remains the most likely driver of a significant housing market correction, although sharply higher interest rates would also pressure some
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âThe numbers are pretty solid,â Zhu Haibin, chief China economist at JPMorgan Chase & Co. in Hong Kong told Bloomberg Television after the report. âThis news suggests growth momentum is still fine,â though risks still remain, he said. A gauge of new export orders edged down to 50.7 from 51.3,
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Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as Parkway Life
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It has managed to score sustained market-share gains, as innovative offerings, improving network performance and good customer service attract new customers, according to Moody's Investors Service Inc. T-Mobile became the first major U.S. carrier to eliminate two-year contracts, a shift quickly
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âIt is apparent that even in Perth's current property market, many people on low wages and income support are still doing it tough,â he said. âWhile people in the bottom 20 per cent of income earners are certainly able to find rental properties and sign leases, the cost of doing so is well above their modest
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BENGALURU: Rubique Technologies, an online lending marketplace, has raised a new round of funding led by Japan's Recruit Group and Russian venture capital management company Emery Capital, the company said. The funding round saw participation from Blacksoil and existing investor Kalaari
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The five-bedroom, three-bathroom property at 107 Masthead Drive fetched $1.75 million. The home overlooks Moreton Bay and backs on to a canal. Features include a swimming pool, pontoon, marble tiling, fireplace, Vacumaid and security gates. It was marketed by NGU Real Estate Toowong.
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AMP is one of several major Australian financial services companies under scrutiny at a royal commission set up in February to investigate misconduct in the banking sector. It has heard that AMP charged clients for advice they never received and that senior executives intervened in the drafting of a
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By Daniel Adugbo, Mailkatu Umar Shuaibu; Hope Abah, Makurdi; Nurudeen Oyewole, Lagos and Rakiya A. Muha | Publish Date: Apr 30 2018 4:39AM. facebook · twitter · goolge plus · linkdin; like (0 Likes). Mortgage bank, states disagree over housing fund contributions. The Federal Mortgage Bank of
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SYDNEY, April 30 (Reuters) – Australia's four major banks could suffer a ratings downgrade in the event of a severe housing market downturn with second-order economic effects, a stress test published by Fitch Ratings showed on Monday. The test was undertaken as risks within the household sector
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BANK lending in Singapore expanded by 5.4 per cent in March from a year ago, faster than the 3.7 per pace of growth in February, on the solid growth in loans to financial institutions and home buyers. Loans through the domestic banking unit – which tracks lending in all currencies, but mainly reflects
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Labor Department releases first-quarter productivity data. Freddie Mac, the mortgage company, releases weekly mortgage rates. Institute for Supply Management releases its service sector index for April. Commerce Department releases factory orders for March. MAY 16. Network of Enterprising Women
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The $1.3 trillion mortgage books of Australia's big four banks can withstand an Ireland-style correction in property prices but the lenders' ability to deal with second order impacts remains uncertain, says Fitch. As part of a housing 'stress test', the global credit rating agency calculated that the big four
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Confidence in the UK housing market is stuck at an all-time low, but only London residents believe that the next 12 months would not be a good time to sell a property. According to the latest housing market research from UK bank Halifax, only half of Britons expect house prices to rise, down from 58 per
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SEOUL, April 30 (Yonhap) — Bank lending rates on new household loans edged up in March, but those of home-backed mortgages fell for the second month in a row, central bank data showed Monday. The average interest rate on fresh household loans extended by local lenders stood at 3.69 percent
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He is expected to dive head-first into the new CEO role and implement projects to explore new businesses. Kim delivered his inauguration speech in which he called for upgrading the board's current real estate market management functions in line with the Korea Appraisal Board Act. He also called for
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SINGAPORE, April 30 (Reuters) – Singapore's total bank lending rose 1.6 percent in March from a month earlier as lending to financial institutions increased, central bank data showed on Monday. Loans and advances by domestic banking units in the city-state amounted to S$661.6 billion last month,
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The findings were based on scenario analysis used to stress-test the mortgage books of the big four banks â which account for around 80% of the $1.6 trillion worth of outstanding mortgages in Australia. The analysts used scenarios ranging from benign to more extreme to assess how the credit ratings
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By David Hargreaves. For the third month in a row, the total monies outstanding in mortgages grew at an annual rate of 5.8% in March. The stabilising of this growth rate follows over a year in which the annualised rate of growth in mortgage borrowing had slowed. For example, in December 2016 the
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âWe don't really quantify which of those factors is having the larger impact, but I think it's fair to say the combination of them is taking some demand out of the Australian housing market,â he said. ''There were reasons to be optimistic around housing as auction results and housing finance commitments
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