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GMAC-RFC suspends funding

Effective 10.30 a.m. today GMAC-RFC (GMAC) ceased funding new loans while it undergoes a “strategic review” of its Australia...
March 01, 2020

Minutes from the RBA’s June board meeting, released yesterday, have revealed an economy unlikely to result in immediate rises to official interest rates.

June 18, 2008

Heritage Building Society will raise $95 million through the private sale of mortgage-backed bonds.

June 18, 2008

Spiralling average loan sizes and LVRs over the last three years could spell trouble for lenders, Moody’s reported yesterday.

June 18, 2008

Mortgage insurers PMI and Genworth Financial are braced for a slowdown in business, reported The Australian today.

June 17, 2008

100 loan consultants will join LJ Hooker’s real estate network by the end of the year in response to an increase in clients seeking refinancing.

June 17, 2008

Banking group Suncorp will close five of its retail banking branches in regional NSW and its Bendigo branch in Victoria, but will bolster its West Coast presence.

June 17, 2008
A Senate Select Committee chaired by Liberal senator Marise Payne has recommended that stamp duty exemptions be offered to all first homebuyers and retirees looking to down siz...
June 17, 2008
In a speech to the American Chamber of Commerce on Friday, RBA governor Glenn Stevens once again emphasised the need to moderate the Australian economy through interest rate ri...
June 16, 2008

Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from activity the same time last year (63.5 per cent).

June 16, 2008

Bank commission cuts have spurred a broker sentiment swing to the non-bank sector.

June 16, 2008

Record high national population growth is expected to fuel strong rental increases in most capital cities across Australia.

June 16, 2008

Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.

June 16, 2008

Commercial auction clearance rates fell to a record low 39 per cent in May, with only 83 of 213 properties selling nationally.

June 13, 2008

Demand for employment in the retail banking and mortgage sector fell in May by 4.1 per cent, the Olivier Job Index revealed yesterday.

June 13, 2008
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