The Commonwealth Bank of Australia (CBA) this afternoon revealed changes to broker remunerations after weeks of discussion with aggregation groups.
Borrowers were close to being hit with another interest rate hike this month, according to the minutes of the RBA May monetary policy meeting released today.
Sof Tsialtas has stepped down as director of aggregation group Connective, but said he would continue to have an active interest in the company
Macquarie Group delivered a record net profit today of $1.8 billion after tax for the year ending 31 March 2008 – 23 per cent up on the prior corresponding period.
The aggregation sector is geared for consolidation as sweeping changes to broker remuneration and cost pressures intensify.
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on Friday.
The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling the pressure of increased loan servicing costs.
Tax cuts announced in the Federal budget this week could slow investor activity and worsen the plight for renters, RP Data warned yesterday.
The rate of inflation rose in the UK in April to three per cent – the highest rate in five years and well above the government’s target of two per cent.
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007, Standard & Poor’s revealed yesterday.
APRA has given the green light to BNK offloading its mortgage agg...
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