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Westpac delivers strong profit result

Westpac this morning delivered a “robust” net profit for the six months ending 31 March 2008 of $2,202 million – an in...
March 01, 2020

Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne market.

April 29, 2008
Moody’s Investors Service (Moody’s) said today that the credit outlook for the Australian credit union sector was “negative” due to pressures from the g...
April 29, 2008

National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts.

April 29, 2008
March quarter housing figures released today by Australian Property Monitors (APM) have revealed that property markets are suffering extensively from the recent string of rate ...
April 29, 2008

Foreclosure filings increased in the United States by 23 per cent in the March quarter 2008 to 649,917, online real estate expert RealtyTrac revealed overnight.

April 29, 2008

St George announced this afternoon that from 1 June 2008 it will change the way mortgage brokers earn their commissions.

April 29, 2008
The outlook for Australian building societies has been labelled "negative" by Moody’s in its Australian Building Societies 2008 Outlook, released this mo...
April 29, 2008
The new home building cycle is unlikely to see any significant upturn until 2009/10, the Housing Institute of Australia (HIA) forecasted in its National Outlook, released yeste...
April 29, 2008
Dry funding markets are accelerating mortgage rationing in the UK, with Nationwide Building Society – Britain’s second largest lender – halving its maximum lo...
April 29, 2008

National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of “re-shaping” current commission structures.

April 28, 2008

Westpac today announced a rise of 0.10 per cent to its standard variable home lending rate, effective Friday 2 May 2008.

April 28, 2008

Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of Victoria (REIV) data has revealed.

April 28, 2008

Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those announced by Westpac.

April 28, 2008
Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust No. 4 Class B, C and D notes to AAA, A+ and BBB- respecti...
April 27, 2008
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Wisr ta Wisr originations jump 90%, profit falls

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