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RMBS arrears rise, further losses expected

Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007, Standard & Po...
April 04, 2020

Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage origination at the start of May.

May 14, 2008

The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in the economy.

May 14, 2008

The Federal budget delivered last night included several measures to combat housing affordability.

May 14, 2008

HSBC has announced it made a strong start to the year despite turbulence in global financial markets.

May 13, 2008

Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two companies.

May 13, 2008

PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released overnight revealed.

May 13, 2008

Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial loans.

May 12, 2008

After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring bite.

May 12, 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the announcement that Michael Russell will step down from his role as ma...
May 11, 2008

Westpac announced this morning that it is in merger discussions with St George Bank.

May 11, 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on Friday in its quarterly Statement on Monetary Policy...
May 11, 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing commitments in March, figures released today by the ABS have ...
May 11, 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of the 2008 financial year. Group chief executiv...
May 09, 2008
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