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US broker defrauds lenders of $1.7mill
by Staff Reporter • 26 Aug 2009
In the largest case of mortgage fraud ever to be recorded in the State of Alaska, eight people will serve time in jail...READ MORE
Suncorp profits fall 37 pc
by Staff Reporter • 26 Aug 2009
Suncorp has frozen its director’s fees after posting a 37 per cent drop in net profit after tax.
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Americans default rather than make good
by Staff Reporter • 26 Aug 2009
American borrowers are choosing to default on their loans rather than make good on their missed repayments.
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Scarce credit affects dwelling developments
by Staff Reporter • 26 Aug 2009
Risk-averse banks and lenders demanding higher pre-commitment sales in order to provide finance are causing the housing... READ MORE
Repossession and mortgage default cases fall
by Staff Reporter • 25 Aug 2009
The number of house repossessions between January and July 2009 has fallen 30 per cent compared with the same period... READ MORE
Challenger outlook positive despite net loss
by Staff Reporter • 25 Aug 2009
Following the sale of its mortgage operations to National Australia Bank early last week, Challenger Financial Services... READ MORE
Non-banks call for credit reform
by Staff Reporter • 25 Aug 2009
Non-bank lenders are calling for changes to the federal government’s proposed national consumer credit... READ MORE
Macquarie issues first CMBS since 07
by Staff Reporter • 25 Aug 2009
Macquarie CountryWide Trust has become the first issuer to sell commercial mortgage backed securities (CMBS) since the... READ MORE
No warning on interest rate hikes: CBA
by Staff Reporter • 24 Aug 2009
The Commonwealth bank of Australia will no longer give their brokers prior warning about changes to their fixed... READ MORE
Housing slump threatens American recovery
by Staff Reporter • 24 Aug 2009
American economists predict that the road to recovery will be a bumpy as house prices continue to fall.
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Sydney and Melbourne record strong results
by Staff Reporter • 24 Aug 2009
Sydney and Melbourne’s property markets continue to show strong signs of recovery, with both capital cities achieving... READ MORE
NAB move for Challenger underpins broker strength: Mortgage Choice
by Staff Reporter • 24 Aug 2009
Mortgage Choice CEO Michael Russell that NAB’s acquisition was a “wonderful endorsement” of the work that... READ MORE
Sydney house prices to soar
by Staff Reporter • 24 Aug 2009
Median Sydney house prices could rise by as much as $100,000 in the next two years, The Investors Club has said.
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Mortgage Choice profits dip
by Staff Reporter • 21 Aug 2009
Mortgage Choice has reported a fall in profits for the year to 30 June 2009, however the company said it remains upbeat... READ MORE
RAMS withdraws accreditations with low volume brokerages
by Staff Reporter • 21 Aug 2009
As part of a drive to improve its servicing levels RAMS will cease to deal with low volume brokerages.
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UK turns corner on recession path
by Staff Reporter • 21 Aug 2009
There are signs of recovery in the UK housing market with July mortgage approvals for the six biggest banks increasing... READ MORE
Australia to lead world on rate rises
by Staff Reporter • 21 Aug 2009
The Reserve Bank of Australia (RBA) is currently heading up a shortlist of central banks across the world that could... READ MORE
US mortgage arrears reach record highs
by Staff Reporter • 21 Aug 2009
Mortgage arrears in the United States rose to 9.24 per cent in the last quarter, the highest rate recorded in more than... READ MORE
US upbeat about recovery
by Staff Reporter • 20 Aug 2009
Economists are becomingly increasingly positive that the US lending market is about to turn a corner on the path to... READ MORE
Rising rates no threat to brokers
by Staff Reporter • 20 Aug 2009
While the prospect of rising interest rates is of concern to consumers, brokers are confident that a change in the rate... READ MORE
Return of securitisation to erode big bank market share
by Staff Reporter • 20 Aug 2009
The Reserve Bank of Australia’s assistant governor Malcolm Edey has said the substantial market share held by the... READ MORE
BoQ to build lending book
by Staff Reporter • 20 Aug 2009
The Bank of Queensland (BoQ) will use its $340 million capital raising to build its residential and small business... READ MORE
Suncorp prices RMBS
by Staff Reporter • 19 Aug 2009
Suncorp-Metway has released its initial pricing on the $1.2 billion offer of prime residential mortgage backed... READ MORE
Funding boost considered for non-banks
by Staff Reporter • 19 Aug 2009
The federal government looks likely to initiate another round of RMBS funding support to promote competition in the... READ MORE
Rates likely to rise
by Staff Reporter • 19 Aug 2009
The Reserve Bank of Australia (RBA) has warned that interest rates may increase because inflation is not falling as... READ MORE
United states extends mortgage aid
by Staff Reporter • 19 Aug 2009
United States federal government has decided to extend its mortgage aid despite improving consumer sentiment, the... READ MORE
NAB to rebrand Challenger Mortgage Management
by Staff Reporter • 19 Aug 2009
Challenger’s mortgage management business will be renamed in the coming weeks after National Australia Bank agreed to... READ MORE
NAB swoops for Challenger Mortgage Management
by Staff Reporter • 18 Aug 2009
National Australia Bank (NAB) has this morning announced an agreement to purchase the mortgage management business of... READ MORE
Banks urge govt. for farer fees
by Staff Reporter • 18 Aug 2009
Banks are urging the federal government to change their deposit guarantee scheme in a bid to reintroduce competition to... READ MORE
Connective launch WA operation
by Staff Reporter • 18 Aug 2009
Connective will tomorrow launch its aggregation model into Western Australia.
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