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US keeps cash rate on hold

by Staff Reporter • 18 Dec 2009
The US Federal Reserve Bank has decided to keep interest rates at the record low of 0.25 per cent in order to support...READ MORE

RHG defaults on $300m loan

by Staff Reporter • 18 Dec 2009
The NSW Supreme Court has found that RHG is in default on a $300 million loan used to finance some of its... READ MORE

NSW housing construction lags

by Staff Reporter • 18 Dec 2009

NSW’s new housing supply is falling behind the rest of the country, according to a report by Urban Taskforce.

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260 suspects linked to $150m mortgage fraud scam

by Staff Reporter • 18 Dec 2009
About 260 people are thought to be involved in an alleged $150 million mortgage fraud racket involving hundreds of... READ MORE

Christmas activity expected to surge

by Staff Reporter • 18 Dec 2009
Although traditionally seen as a quiet period, new data suggests the Christmas season may have significant... READ MORE

New credit licensing laws receive royal assent

by Staff Reporter • 17 Dec 2009
The National Consumer Credit Protection Act 2009 (Act) has been given the final go ahead, receiving royal assent in the... READ MORE

Firstfolio deepens distribution channel

by Staff Reporter • 17 Dec 2009
Firstfolio has signed a 12 month services agreement with Medibank Private that will allow the health insurer’s... READ MORE

Brokers split over proposed MFAA accreditation requirements

by Staff Reporter • 17 Dec 2009
The MFAA’s proposed changes to its accreditation requirements has received mixed reviews from its members, with some... READ MORE

Interest rates are “normal”: RBA

by Staff Reporter • 17 Dec 2009
Interest rates are officially heading back towards ‘normal territory’, according to the RBA’s deputy governor Ric... READ MORE

Westpac rate rise necessary: Kelly

by Staff Reporter • 17 Dec 2009
Westpac’s chief executive Gail Kelly has said the major’s latest rate rise was necessary despite its... READ MORE

Mortgage lending growth at 10 yr low

by Staff Reporter • 16 Dec 2009
Total mortgage lending growth in Australia has dropped to less than 10 per cent for the first time in 10 years, a new... READ MORE

Housing construction improves slightly

by Staff Reporter • 16 Dec 2009
The government’s first home owner boost, together with very low variable mortgage rates, has helped to drive an... READ MORE

Fixed rate popularity slides further

by Staff Reporter • 16 Dec 2009
The demand for fixed rates continues to drop, with fixed rate products now accounting for just 2.3 per cent of all new... READ MORE

Brokerages get licence ready

by Staff Reporter • 16 Dec 2009
With the new licensing laws still six months away, many aggregators and brokerages are already claiming to be... READ MORE

Credit unions, building societies enjoy double-digit growth

by Staff Reporter • 16 Dec 2009
Official statistics released by the Australian Prudential Regulation Authority (APRA) yesterday show double digit home... READ MORE

Competition yet to return: brokers

by Staff Reporter • 16 Dec 2009
While there's now little difference in the interest rates offered by the major banks, second tier and non-bank lenders,... READ MORE

Smaller lenders take on big banks

by Staff Reporter • 15 Dec 2009
Mortgage rates have opened up as smaller lenders undercut the majors giving brokers better options for their... READ MORE

UK mortgage lending hits 2yr high

by Staff Reporter • 15 Dec 2009

Mortgage lending in the United Kingdom is at its highest level since December 2007.

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FirstMac’s servicing level upgraded

by Staff Reporter • 15 Dec 2009
FirstMac’s residential loan servicer ranking has been upgraded by Standard & Poor's from ‘above average’ to... READ MORE

Bankrupt broker convicted of fraud

by Staff Reporter • 15 Dec 2009
A bankrupt mortgage broker has been convicted on two counts of fraud, following charges brought by the Australian... READ MORE

Mortgage market to fall in 2010: MISC report

by Staff Reporter • 14 Dec 2009
The home loan market contracted significantly over the last quarter and is projected to contract further next year,... READ MORE

Westpac to sell RMBS

by Staff Reporter • 14 Dec 2009
Westpac looks set to become the first major bank to sell residential mortgage backed securities (RMBS) in more than two... READ MORE

Competitive pricing returning to mortgage market

by Staff Reporter • 14 Dec 2009
In a sign that competition is starting to re-emerge in the market, another non-bank lender has launched a suite of... READ MORE

Homebuyers out in force

by Staff Reporter • 14 Dec 2009
Auctions have ended this year on a high note, following strong weekend clearances in Australia’s four largest auction... READ MORE

Omniwealth launches brokerage arm

by Staff Reporter • 14 Dec 2009

Omniwealth, a financial planning dealer group, has decided to diversify into mortgage broking.

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Median house price up $20,000

by Staff Reporter • 14 Dec 2009
The median house price in Australia has climbed almost $20,000 during the September quarter, according to Mortgage... READ MORE

Rates to rise in February

by Staff Reporter • 11 Dec 2009
The unemployment rate has fallen 0.1 per cent to 5.7 per cent in November, bolstering views that the Reserve Bank will... READ MORE

Macquarie raises $215 RMBS

by Staff Reporter • 11 Dec 2009
Macquarie Bank may be looking to ramp up its lending capacity after internally securitising $215 million worth of... READ MORE

Liberty strengthens third-party team

by Staff Reporter • 11 Dec 2009

Liberty has appointed John Mohnacheff to the role of group sales manager – personal business.

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BoQ "a contender" to major banks

by Staff Reporter • 11 Dec 2009
Bank of Queensland chief executive David Liddy has called on the Australian Competition and Consumer Commission (ACCC)... READ MORE
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