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Commercial finance commitments fall

Lending finance figures released today indicated that 12 year high interest rates are taking their toll not just on home buyers but also...
January 22, 2020
One of America’s largest banks, Wachovia, reported a net loss for the first quarter of 2008 of US$393 million ($424.3 billion) compared with earnings of US$2.3 billion ($...
April 15, 2008
The MFAA has urged the Government to consider implementing an Australian version of the Canadian Mortgage and Housing Corporation – or what has been dubbed an “Auss...
April 15, 2008

After months of speculation Westpac has broken ranks from the big four banks and reduced broker commissions.

April 14, 2008
Despite a slight increase in housing financing commitments for January, figures released today for February confirm that higher interest rates are curbing demand for home loans...
April 14, 2008
Rapidly changing market conditions could prompt the resurrection of the Mortgage Lenders Council – with a key body representative travelling to Canberra last week to hold...
April 14, 2008
The Group of Seven (G7) finance ministers – which includes representatives from France, Germany, Canada, Italy, Japan, UK and USA – conceded on Friday that turmoil ...
April 14, 2008

Demand for employees in the banking and finance sector continued to decline in March, according to the Olivier Job Index released yesterday.

April 11, 2008

The Bank of Queensland (BoQ) yesterday delivered a net profit of $65.3 million for the first half of the 2007/08 financial year.

April 11, 2008

The Bank of England cut rates for the third time in less than six months overnight, bringing the official cash rate to 5.0 per cent.

April 10, 2008

AMP Banking announced yesterday that it would lift the interest rate on its standard variable home loans by ten basis points to 9.47 per cent.

April 10, 2008

Community CPS Australia today announced its intention to merge with West Australian-based United Credit Union.

April 10, 2008
In a move to revitalise the Financial Sector Advisory Council (FSAC) and to provide greater insight into financial issues, Federal Treasurer Wayne Swan has appointed several ne...
April 10, 2008

ASIC’s review into mortgage entry and exit fees has revealed stark differences between those chaned by bank and non-bank lenders.

April 10, 2008

According to the latest Mortgage Business straw poll nearly 86 per cent of mortgage businesses are considering or have already diversified.

April 10, 2008
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