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Clarification required on new broker legislation
by Staff Reporter • 6 May 2009
Representatives from banks, non-banks, originators and the broker channel attended an information seminar hosted by...READ MORE
Stimulus needed to maintain momentum in house construction
by Staff Reporter • 6 May 2009
Stimulus measures are working to spark an increase in new house construction but more will be needed to ensure a... READ MORE
Unemployment to keep impairment charges high: Westpac
by Staff Reporter • 6 May 2009
Westpac today reported a 1 per cent fall in first half net profit to $2.175 billion and a 6 per cent decline in cash... READ MORE
Cash rate decision sign of improving economic conditions
by Staff Reporter • 6 May 2009
The RBA will take the time to monitor the effects of existing monetary and fiscal policies before making any further... READ MORE
Cash rate unchanged
by Staff Reporter • 6 May 2009
The RBA today left the official cash rate unchanged at 3 per cent, choosing to wait and observe the unfolding of... READ MORE
Aussie posts strong volume growth on back of Wizard acquisition
by Staff Reporter • 5 May 2009
Aussie Home Loans says it is experiencing record lending levels following its acquisition of Wizard Home Loans.
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FHB frenzy on horizon as grant deadline nears
by Staff Reporter • 5 May 2009
Brokers could see a “frenzy” of first home buyer activity in the next two months as the deadline for the... READ MORE
Europe in deepest and most widespread recession since WWII
by Staff Reporter • 5 May 2009
Europe is braced for a challenging year ahead following warnings from the European Commission that the EU is in the... READ MORE
US construction spend, FHB activity on rise
by Staff Reporter • 5 May 2009
The United States was buoyed overnight by the first rise in construction spend in six months and a steady rise in new... READ MORE
Job advertisements halve
by Staff Reporter • 5 May 2009
The number of jobs advertised in Australia halved in the year ending April, suggesting a sharp rise in unemployment is... READ MORE
Financial planners to shift to fee-for-service model
by Staff Reporter • 5 May 2009
Financial planners could move to a fee-based remuneration model by 2012.
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Downturn hits Aussie house prices: ABS
by Staff Reporter • 5 May 2009
The ABS’ House Price Index for the March quarter released yesterday revealed a disappointing decline in... READ MORE
Wizard, Aussie refinancing deal gets thumbs up from watchdog
by Staff Reporter • 4 May 2009
The ACCC has approved the Wizard / Aussie arrangement whereby deferred establishment fees will be waived for Wizard... READ MORE
UK lender launches two-tier interest rate system
by Staff Reporter • 4 May 2009
Great Britain’s largest building society Nationwide has introduced a new home loan system whereby new customers... READ MORE
Auction clearance volumes weak
by Staff Reporter • 4 May 2009
Auction clearance rates dropped in Sydney and Melbourne over the weekend, Australian Property Monitors has revealed,... READ MORE
Stargate, NextGen launch new electronic lodgement platform
by Staff Reporter • 4 May 2009
The Stargate Group today announced a new partnership with electronic lodgement provider NextGen.net to offer an... READ MORE
RBA cash rate 'no correlation' with banks' funding costs: ANZ
by Staff Reporter • 4 May 2009
ANZ chief executive Mike Smith has signalled that borrowers are unlikely to see much reduction in home loan rates... READ MORE
New cash flow tool for Choice brokers
by Staff Reporter • 4 May 2009
Choice Aggregation Services (Choice) has launched a new tool for its brokers to enable them to better manage cash flow... READ MORE
St George latest to tighten LVR criteria
by Staff Reporter • 4 May 2009
St George has announced it will change its lending policy, with new LVR limits and savings policies in force as of... READ MORE
Brits a lot more chipper
by Staff Reporter • 1 May 2009
Consumer confidence in the UK has climbed to its highest point in a year raising hopes that the worst of the crisis... READ MORE
Business conditions on par with 1990s recession
by Staff Reporter • 1 May 2009
Australian business conditions have hit their lowest point since the 1990s recession and expectations for the year... READ MORE
Don't extend the FHOG for new homes only: REIA
by Staff Reporter • 1 May 2009
The Real Estate Institute of Australia (REIA) has urged the federal government to make a careful assessment of first... READ MORE
CBA calls for purchase price review as Bankwest reports $139m loss
by Staff Reporter • 1 May 2009
CBA wants the price it paid for Bankwest reviewed after the second tier lender reported a multi-million dollar loss... READ MORE
Australian house prices stand firm
by Staff Reporter • 1 May 2009
Australia’s property market defied the slowdown in the first quarter of 2009, with property prices rising... READ MORE
Lenders to do ?all possible? to improve service levels
by Staff Reporter • 30 Apr 2009
Tuesday’s MFAA-hosted industry meeting has revealed a number of pledges made between lenders and broker groups... READ MORE
Payday lenders boom as unemployment gathers pace
by Staff Reporter • 30 Apr 2009
Borrowers are increasingly falling prey to predatory payday lenders in a bid to meet debt obligations and or manage... READ MORE
Firstfolio swoops for top industry execs
by Staff Reporter • 30 Apr 2009
Firstfolio today announced the appointment of two new senior executives, including ING DIRECT’s head of mortgage... READ MORE
US recession easing: Fed
by Staff Reporter • 30 Apr 2009
The Federal Reserve (Fed) left its cash rate at 0-0.25 per cent at its monetary policy meeting yesterday but indicated... READ MORE
Gov incentives push new home sales through the roof
by Staff Reporter • 30 Apr 2009
The first home owner boost has pushed new home sales to their highest level in over a year, according to the Housing... READ MORE
Swine flu threat to economy, industry
by Staff Reporter • 29 Apr 2009
After more than 18 months battling the financial crisis the industry faces another possible crisis – the... READ MORE
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