Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne market.
National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts.
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.
St George announced this afternoon that from 1 June 2008 it will change the way mortgage brokers earn their commissions.
National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of “re-shaping” current commission structures.
Westpac today announced a rise of 0.10 per cent to its standard variable home lending rate, effective Friday 2 May 2008.
Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of Victoria (REIV) data has revealed.
Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those announced by Westpac.
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