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AMB to break into aggregation
by Staff Reporter • 28 Aug 2009
Franchise brokerage Australian Mortgage Brokers will attempt to break into the aggregation sector when it launches a... READ MORE
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No return to mortgage market for GE
by Staff Reporter • 28 Aug 2009
GE Australia and New Zealand chief executive Steve Sargent has said GE Capital is no hurry to re-introduce mortgages... READ MORE
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Firstfolio’s mortgage portfolio up 50pc
by Staff Reporter • 27 Aug 2009
Firstfolio’s mortgage portfolio has grown to $12 billion in the year to 30 June 2009 – an increase of 50 per cent. READ MORE
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Aggregation: a future for the independent operation?
by Staff Reporter • 27 Aug 2009
A recent Mortgage Business straw poll revealed that the majority of brokers believe that eventually all aggregators... READ MORE
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Europe set to reinvigorate RMBS
by Staff Reporter • 27 Aug 2009
The RMBS market has been tainted globally, leaving European commentators to call for greater transparency in the hope... READ MORE
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FHOG inflates property market: MFAA
by Staff Reporter • 27 Aug 2009
Almost one in five Australians believe the government’s First Home Owners Grant has been counter-productive and... READ MORE
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US house prices register growth but still 30pc down on 2006 high
by Staff Reporter • 27 Aug 2009
US house prices increased by 2.9 per cent in June, registering the second consecutive month of growth, the Standard and... READ MORE
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Greater soon to disclose RMBS details
by Staff Reporter • 27 Aug 2009
The Greater Building Society is expected to disclose the details of its residential mortgage backed security (RMBS)... READ MORE
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No competition for banks: Pascoe
by Staff Reporter • 26 Aug 2009
Finance journalist Michael Pascoe has launched a scathing attack on the ACCC for not promoting competition in the... READ MORE
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Govt set to introduce new bankruptcy laws
by Staff Reporter • 26 Aug 2009
The federal government has unveiled changes to \bankruptcy laws for householders suffering mortgage stress. READ MORE
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US broker defrauds lenders of $1.7mill
by Staff Reporter • 26 Aug 2009
In the largest case of mortgage fraud ever to be recorded in the State of Alaska, eight people will serve time in jail... READ MORE
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Suncorp profits fall 37 pc
by Staff Reporter • 26 Aug 2009
Suncorp has frozen its director’s fees after posting a 37 per cent drop in net profit after tax. READ MORE
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Americans default rather than make good
by Staff Reporter • 26 Aug 2009
American borrowers are choosing to default on their loans rather than make good on their missed repayments. READ MORE
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Scarce credit affects dwelling developments
by Staff Reporter • 26 Aug 2009
Risk-averse banks and lenders demanding higher pre-commitment sales in order to provide finance are causing the housing... READ MORE
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Repossession and mortgage default cases fall
by Staff Reporter • 25 Aug 2009
The number of house repossessions between January and July 2009 has fallen 30 per cent compared with the same period... READ MORE
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Challenger outlook positive despite net loss
by Staff Reporter • 25 Aug 2009
Following the sale of its mortgage operations to National Australia Bank early last week, Challenger Financial Services... READ MORE
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Non-banks call for credit reform
by Staff Reporter • 25 Aug 2009
Non-bank lenders are calling for changes to the federal government’s proposed national consumer credit legislation. READ MORE
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Macquarie issues first CMBS since 07
by Staff Reporter • 25 Aug 2009
Macquarie CountryWide Trust has become the first issuer to sell commercial mortgage backed securities (CMBS) since the... READ MORE
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No warning on interest rate hikes: CBA
by Staff Reporter • 24 Aug 2009
The Commonwealth bank of Australia will no longer give their brokers prior warning about changes to their fixed... READ MORE
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Housing slump threatens American recovery
by Staff Reporter • 24 Aug 2009
American economists predict that the road to recovery will be a bumpy as house prices continue to fall. READ MORE
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Sydney and Melbourne record strong results
by Staff Reporter • 24 Aug 2009
Sydney and Melbourne’s property markets continue to show strong signs of recovery, with both capital cities achieving... READ MORE
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NAB move for Challenger underpins broker strength: Mortgage Choice
by Staff Reporter • 24 Aug 2009
Mortgage Choice CEO Michael Russell that NAB’s acquisition was a “wonderful endorsement” of the work that... READ MORE
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Sydney house prices to soar
by Staff Reporter • 24 Aug 2009
Median Sydney house prices could rise by as much as $100,000 in the next two years, The Investors Club has said. READ MORE
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Mortgage Choice profits dip
by Staff Reporter • 21 Aug 2009
Mortgage Choice has reported a fall in profits for the year to 30 June 2009, however the company said it remains upbeat... READ MORE
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RAMS withdraws accreditations with low volume brokerages
by Staff Reporter • 21 Aug 2009
As part of a drive to improve its servicing levels RAMS will cease to deal with low volume brokerages. READ MORE