In yet another blow to the struggling US housing market, new home sales fell to their lowest in 12 years in December 2007.
Average national rents took their sharpest annual rise in 18 years according to figures released by the ABS yesterday.
The Consumer Price Index (CPI) rose 0.9 per cent in the December quarter 2007, ABS data revealed today.
The US Federal Reserve’s Open Market Committee (FOMC) slashed the target for the federal funds rate by 75 basis points overnight to 3.5 per cent.
Patrick Tuttle will replace industry veteran John Empey as CEO of Pepper Homeloans.
Negative ratings among global banks jumped from 13 to 69 in the last quarter of 2007.
Interest rate rises and affordability concerns have failed to deter prospective buyers, with brokerages such as X Inc registering sustained home lending queries.
Australia’s aggregators have warned that cuts to broker commissions could impact lenders’ volumes through the third party channel.
The major bank has said that it is taking ASIC’s legal action ...
The broking franchise group has released its full-year results, r...
Major aggregator AFG has announced the addition of a new small-bu...