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ING DIRECT rationalises broker servicing and distribution

by Staff Reporter • 8 Aug 2008
ING DIRECT announced last week that it will directly service all accredited broker groups using its own business...READ MORE

Bank of England holds rates at 5pc

by Staff Reporter • 8 Aug 2008
The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per... READ MORE

New Opportune product to ?challenge? banks on price

by Staff Reporter • 8 Aug 2008
Opportune Home Loans is the latest mortgage manager to announce the launch of a new home loan designed to compete with... READ MORE

Refinancing hits record high

by Staff Reporter • 8 Aug 2008

Refinancing business has soared in July according to figures released by AFG today.

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Lending activity tipped to strengthen

by Staff Reporter • 7 Aug 2008
Brighter times may lie ahead for brokers as the RBA eases its stance on rates, but Australia’s property market... READ MORE

Rate cuts to boost broker refinancing business

by Staff Reporter • 7 Aug 2008

Refinancing activity is tipped to soar in coming months as interest rates look almost certain to fall.

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Unemployment rate unchanged in July

by Staff Reporter • 7 Aug 2008
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed... READ MORE

Non-bank market share edges up

by Staff Reporter • 7 Aug 2008
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed... READ MORE

RESIMAC issues its first RMBS for 2008

by Staff Reporter • 7 Aug 2008

Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.

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Freddie?s losses soar Q2

by Staff Reporter • 7 Aug 2008
Freddie Mac announced an enormous second quarter loss of US$821 million (A$902 million) overnight, a significant... READ MORE

Mortgage brokers popular with first home buyers

by Staff Reporter • 6 Aug 2008
Mortgage brokers are close to the banks as the favoured first point of contact for mortgage advice for first time... READ MORE

Australians continue to shy away from property commitments: ABS

by Staff Reporter • 6 Aug 2008

The number of Australians who committed to a home loan declined again in June to just 50,294.

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Northern Rock posts H1 loss

by Staff Reporter • 6 Aug 2008
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months... READ MORE

US rates steady at 2pc

by Staff Reporter • 6 Aug 2008

The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent.

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Industry jobs squeezed in half: Olivier Job Index

by Staff Reporter • 6 Aug 2008
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index... READ MORE

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