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Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said on Tuesday, dampening speculation of a cut to its official rate in response.

Lender reverses policy on trackers

Posted by mortgage 259 days ago (Editorial)
PERMANENT TSB has rowed back on plans to force buy-to-let investors with tracker mortgages who make interest-only payments to switch to standard variable rates unless they start paying off the capital they borrowed.
By Matt Stoller, a fellow at the Roosevelt Institute. He is a former financial services staffer to Rep. Alan Grayson.(on Twitter at @matthewstoller ) While it's useful to think of the ratings agencies as incompetent, or as greedy, it's important to remember that they have an actual policy agenda. They weren't just wrong in rating subprime tranches of toxic dreck AAA. They were also pivotal in ...
Abbey has tightened up its mortgage application process whereby advisers? applications will now be rejected on the first declination. ...

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