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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
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NAB claws for market share with new guerrilla marketing campaign
by Staff Reporter • 10 Dec 2009
While the National Australia Bank (NAB) has said it cannot rule out the possibility of raising its variable mortgage... READ MORE
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Lending for new homes soars
by Staff Reporter • 10 Dec 2009
Lending for the construction of new homes rose dramatically in October, figures from the Australian Bureau of... READ MORE
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Industry first as Connective employs ‘conversion coordinator’
by Staff Reporter • 10 Dec 2009
In a bid to keep lender errors in check and broker conversion rates high, Connective has employed a quality and... READ MORE
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Major bank to review broker commissions
by Staff Reporter • 10 Dec 2009
There’s growing industry speculation that one of the major banks is gearing up to pay greater commissions to its... READ MORE
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MFAA pushes lenders on minimum requirements from brokers
by Staff Reporter • 9 Dec 2009
The MFAA will seek to define the characteristics of a professional broker, which it hopes will prompt lenders to... READ MORE
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Bank regulations threaten mortgage holders
by Staff Reporter • 9 Dec 2009
Tighter banking regulations could force homeowners and businesses to pay higher interest rates. READ MORE
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Homeowners brace for further rate rises
by Staff Reporter • 9 Dec 2009
Homeowners can expect a further two rate rises in February and March, NAB’s chief economist Alan Oster has claimed. READ MORE
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Second tier lenders increase rates above RBA hike
by Staff Reporter • 8 Dec 2009
Almost all of the second tier lenders have followed the lead of CBA, Westpac and ANZ and lifted variable mortgage rates... READ MORE
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Suncorp completes executive overhaul
by Staff Reporter • 8 Dec 2009
Suncorp’s chief executive officer Patrick Snowball has completed his overhaul of the company’s executive ranks by... READ MORE
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Westpac defends rate hike
by Staff Reporter • 8 Dec 2009
Westpac’s chief executive officer Gail Kelly has defended the bank’s decision to increase its variable mortgage... READ MORE