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Breaking News
RHG profit slumps 33pc
by Staff Reporter • 22 Feb 2010
RHG’s net profit continues to decline as its loan book gradually runs down.
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Refinancing drives broker volumes
by Staff Reporter • 19 Feb 2010
In what is a buoyant market compared with 12 months ago, brokers see refinancing as the main thrust for business...
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Second tier lenders return to the fore
by Staff Reporter • 19 Feb 2010
The majors are not the only banks to post strong first half year results, with Heritage Building Society posting a...
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Mortgage manager primed for growth
by Staff Reporter • 19 Feb 2010
Following several months of strong loan volume growth, Australian First Mortgage (AFM) is set to enter into a new phase...
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High LVR loans in demand
by Staff Reporter • 19 Feb 2010
Although funding constraints have meant that only a few lenders now offer High LVR loans, demand for the products...
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Count Financial eyes bigger stake in brokerage
by Staff Reporter • 18 Feb 2010
Count Financial has announced its intention to increase its stake in Mortgage Choice, after posting a healthy net...
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Majors hit back at trail cut rumours
by Staff Reporter • 18 Feb 2010
The banks have been quick to respond to the suggestion that trail commissions may soon become a thing of the past...
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Home buyers get mobile connection
by Staff Reporter • 18 Feb 2010
Lenders are embracing mobile technology as a new way to connect directly with borrowers.
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QBE LMI beefs-up team
by Staff Reporter • 18 Feb 2010
QBE Lenders’ Mortgage Insurance Limited (QBE LMI) is ramping up its resources, appointing a senior manager of people...
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FHB activity breaks record
by Staff Reporter • 18 Feb 2010
More than 190,000 Australians took advantage of the government’s first home buyer stimulus incentives in 2009,...
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Ex-broker cops suspended jail sentence
by Staff Reporter • 18 Feb 2010
A former NSW mortgage broker has been given an 18 month good behavior bond after being convicted of obtaining money by...
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RBA could hold rates in March
by Staff Reporter • 17 Feb 2010
Despite an improvement in consumer confidence, the Reserve Bank is cautious about raising rates too soon.
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Competition heats up in fixed rate arena
by Staff Reporter • 17 Feb 2010
Smaller lenders can compete with the majors through their fixed rate price structure, Loan Market Group’s chief...
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Mortgage strength drives Westpac profit
by Staff Reporter • 17 Feb 2010
Above average industry growth in home lending has helped Westpac to top expectations and deliver a first-quarter cash...
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AMP drops rates
by Staff Reporter • 17 Feb 2010
In a bid to remain competitive in the mortgage sphere, second tier lender AMP has announced it will cut its basic...
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Securitisation shows signs of life
by Staff Reporter • 17 Feb 2010
The securitisation markets are beginning to thaw, according to the Reserve Bank of Australia’s assistant governor Guy...
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St George puts customer satisfaction above profits
by Staff Reporter • 16 Feb 2010
While some banks have announced staggering net profit increases for the second half of 2009, St George does not look...
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FHBs dig debt hole
by Staff Reporter • 16 Feb 2010
First home buyers are taking on more debt than ever before, according to the Australian Bureau of Statistics (ABS).
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Strengthening economy impacts arrears
by Staff Reporter • 16 Feb 2010
Mortgage delinquencies are set to rise just as interest rates are expected to climb, global ratings agency Fitch has...
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Bendigo profit surge positive for second tier lenders
by Staff Reporter • 16 Feb 2010
In a further sign that the second tier lending sector is strengthening, Bendigo and Adelaide Bank has delivered a...
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Auction activity still strong
by Staff Reporter • 15 Feb 2010
Auction clearance rates continued to perform strongly over the weekend.
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RHG refuses to be drawn on market return
by Staff Reporter • 15 Feb 2010
RHG could be gearing up to reenter the mortgage market according to media reports, but brokers are divided as to...
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ASIC Credit Roadshow hits the ground running
by Staff Reporter • 15 Feb 2010
Brokers seeking to improve their understanding of the soon to be introduced National Credit Regime are encouraged to...
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Non-bank lender bumps up LVR
by Staff Reporter • 15 Feb 2010
In a sign that competition is beginning to reemerge in the market, Australian First Mortgage (AFM) has expanded its...
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FHBs down but not out
by Staff Reporter • 12 Feb 2010
Despite a wind back in the government's first home buyer stimulus, it seems many of the industry’s newest property...
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