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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 unpopularity. READ MORE
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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
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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
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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
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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
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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
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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
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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 clients. READ MORE
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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. READ MORE
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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
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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
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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
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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
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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
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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
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Omniwealth launches brokerage arm
by Staff Reporter • 14 Dec 2009
Omniwealth, a financial planning dealer group, has decided to diversify into mortgage broking. READ MORE
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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
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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
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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
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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. READ MORE
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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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Dishonest insurance broker on five year bond
by Staff Reporter • 11 Dec 2009
A former NSW insurance broker has been put on a five year good behaviour bond in relation to charges brought by the... READ MORE
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Market ripe for smaller lenders: Loan Market
by Staff Reporter • 11 Dec 2009
Loan Market Group’s executive chairman Sam White said 2010 would herald the return of non-bank lenders to the market. READ MORE
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AFM lifts rates by just 0.1pc
by Staff Reporter • 10 Dec 2009
In a bid to increase their competitive stance in the Australian mortgage industry, Australian First Mortgage has... READ MORE
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NZ keeps rates on hold at 2.5pc
by Staff Reporter • 10 Dec 2009
The Reserve Bank of New Zealand has decided to keep the official cash rate on hold at 2.5 per cent for the seventh... READ MORE