Brokers reject more mortgages as expenses tighten

Brokers reject more mortgages as expenses tighten

It is now common for lenders to ask for 29 fields of expenses when assessing a mortgage application. Some banks that previously required no bank
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CBA to de-merge wealth management and mortgage broking business

Commonwealth Bank of Australia has announced plans to de-merge from its wealth management and mortgage brokerage business and will bring in
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CBA restructures executive team following demerger plans

The announcement comes after CBA today nnounced that it will demerge its wealth management and mortgage broking businesses into a separate
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Commonwealth Bank to spin off wealth management, mortgage arm

June 25 (Reuters) – Commonwealth Bank of Australia (CBA) said on Monday it would spin off CFS Group, its wealth management and mortgage
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Australia's CBA steps up wealth management spinoff amid banking industry scandals

… decided to demerge its entire wealth management and mortgage broking businesses into a new company called CFS Group, inclusive of CFSGAM.
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Pentagon says 2 bases to house immigrants

EIELSON AIR FORCE BASE, Alaska (AP) — The Pentagon is preparing to build temporary camps for immigrants at two military bases, Defense
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CBA to demerge wealth management and mortgage broking businesses

Australia's largest bank will demerge its wealth management and mortgage broking businesses so it can focus on its core banking businesses in
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Australia's Commonwealth to spin off wealth, mortgage arms

[SYDNEY] Commonwealth, Australia's biggest bank, announced plans on Monday to spin off its wealth management and mortgage-broking arms as it
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The Week Ahead: Plenty Of Economic News, Buy The Dip, Mixed Signals For The Bull

Economic numbers were few and far between last week, with a focus on the housing market that has been under some pressure lately as Treasury
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In China Debt Crackdown, Morgan Stanley-Backed Fund Sees Opening

China is one of the few bright spots in the nascent private lending market in Asia, where banks have dominated loans to companies. Worldwide
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Banks to Tighten Credit Scoring Conditions

Although lenders maintained the same credit scoring criteria in the second quarter of 2018, according to the survey, the proportion of loan applications
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New city housing plan aims to build houses on vacant lots

Asked about the scale of the 100-home program in relation to Chicago's housing market, Wheat said it needed to be placed in the context of the
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RPT-UPDATE 3-As trade war looms, China cuts some banks' reserve requirements to boost lending

Cuts to release about 500 bln yuan for bigger lenders. * To also release 200 bln yuan for small, mid-sized banks. By Kevin Yao and Shu Zhang.
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Did Insiders Buy On Best World International Limited's (SGX:CGN) Price Volatility?

Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products. Best World
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Google Tackles Facebook in India With Hyper-Local Social Network

In an era of fake news, trolling and privacy concerns, the Neighbourly app, two years in the making, could help Google take on Facebook and
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BNZ has moved some of its key fixed mortgage rates down to match recent market moves from …

This all follows on from last week New Zealand's largest home lender ANZ deciding it could not live with its current mortgage rate settings following
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Banking royal commission: 'Big four' accountancy firms 'heavily conflicted, should be under inquiry …

Australia's “big four” accountancy firms should be put under the spotlight of the banking royal commission, according to a British investigative journalist
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Commonwealth Bank to Spin Off Wealth, Mortgage Broking Units

Commonwealth Bank of Australia, the nation's largest lender, plans to spin off its wealth management and mortgage broking businesses, and may sell
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Federal mortgage rules hurting local housing market, says CEO of ARR

He noted the new rules, brought in to regulate risk in hotbed markets and qualifications for mortgage financing have negatively impacted the local real
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Congress needs to come up with a permanent fix for its 'temporary' housing-finance takeover

As such, it abandons the old business model, whereby Fannie Mae and Freddie Mac shared the risks of backing mortgages with the taxpayers but the
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