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Banks? profits up 13 per cent, mutuals down

Australian banks’ profits continued to rise in 2007, data released today by the Australian Prudential Regulation Authority (APRA) ...
February 27, 2020

The federal government is set to take over regulation of non-bank lending and mortgage broking, The Australian Financial Review reported today.

March 25, 2008
Mortgage manager Wilson National will boost its white label product offering to businesses through adding a Visa credit card and asset lending to its product portfolio within t...
March 25, 2008

Melbourne rental vacancies have fallen for the first time on record below one per cent.

March 20, 2008
Hometrack, a leading provider of automated valuations (AVMs) in the UK, is ramping up its Australian operations, announcing yesterday the appointment of an Australian CEO and s...
March 20, 2008

Rents are increasing at rapid rates throughout the country, with the nation’s capital now the most expensive location for renters.

March 20, 2008
Non-conforming lender Bluestone today announced that it had successfully concluded a renewal discussion with Westpac, guaranteeing a $500 million warehouse facility for the nex...
March 19, 2008

Despite some lenders scaling back wholesale funding due to tough market conditions, ING DIRECT has announced a new funding relationship with mortgage manager Resi.

March 19, 2008
Demand continued to grow for reverse mortgages throughout 2007 but the sector struggled to maintain sales volumes in the later part of the year as lenders were impacted by fun...
March 19, 2008

The official US cash rate was slashed again overnight by 75 basis points to 2.25 per cent.

March 19, 2008

Inflation proved once again a significant factor in the RBA’s decision to lift interest rates this month, minutes released today revealed.

March 18, 2008

Housing prices have increased significantly compared to incomes over the last two decades, according to the AMP/NATSEM Income and Wealth Report released today.

March 18, 2008

The US Federal Reserve (Fed) has announced two measures this week to “bolster market liquidity” and “promote orderly market functioning”.

March 18, 2008

The MFAA, showing support for the non-bank sector, has encouraged Australian borrowers to consider both banks and non-banks when looking to switch lenders.

March 17, 2008

Consumer confidence has been dented but further rate rises may be on the cards.

March 17, 2008
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