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No competition for banks: Pascoe
by Staff Reporter • 26 Aug 2009
Finance journalist Michael Pascoe has launched a scathing attack on the ACCC for not promoting competition in the... READ MORE
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Govt set to introduce new bankruptcy laws
by Staff Reporter • 26 Aug 2009
The federal government has unveiled changes to \bankruptcy laws for householders suffering mortgage stress. READ MORE
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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
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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. READ MORE
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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. READ MORE
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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
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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
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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
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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 legislation. READ MORE
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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
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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
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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. READ MORE
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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
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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
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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. READ MORE
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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
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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. READ MORE
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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
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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
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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
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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
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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
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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
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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
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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