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US broker may serve 45 years in prison
by Staff Reporter • 24 Jul 2009
American mortgage broker Cheryl Joan Kassebaum is facing 45 years in federal prison after pleading guilty to... READ MORE
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Westpac tops survey with financial execs
by Staff Reporter • 24 Jul 2009
Westpac Banking Corp is the preferred ‘lead bank’, the 2009 Large Corporate & Institutional Relationship Banking... READ MORE
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nMB brokers drive 20pc volume growth
by Staff Reporter • 24 Jul 2009
Aggregation group National Mortgage Brokers (nMB) has defied tough economic conditions of the last 12 months, reporting... READ MORE
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MFAA meets to discuss credit regulation
by Staff Reporter • 23 Jul 2009
The MFAA will meet in Hobart today to discuss the implementation of the National Consumer Credit Protection Bill. READ MORE
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Sydney farmland to alleviate housing shortage
by Staff Reporter • 23 Jul 2009
In a bid to ease Sydney’s housing shortage, farms and rural lands will be carved up into at least five new suburbs. READ MORE
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Insurance costs drop: CPI
by Staff Reporter • 23 Jul 2009
While the housing Consumer Price Index rose by 0.8 per cent in the June quarter, the price of financial and insurance... READ MORE
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ACCC crackdown heralded by property industry
by Staff Reporter • 23 Jul 2009
The Australian Competition and Consumer Commission’s (ACCC) suggested amendments to the Trade Practices Act have been... READ MORE
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RMBS market outlook improves
by Staff Reporter • 23 Jul 2009
The Reserve Bank of Australia’s assistant governor Guy Debelle has given an optimistic assessment of the future of... READ MORE
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Appeal unlikely for City Pacific
by Staff Reporter • 23 Jul 2009
City Pacific is unlikely to appeal the decision made by a Queensland Court this week that gave Balmain Trilogy sole... READ MORE
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Accreditations with all lenders a challenge: brokers
by Staff Reporter • 23 Jul 2009
The recent rollout of minimum volume quotas by some of the nation’s major lenders has raised concerns that brokers... READ MORE
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Mortgage arrears soar in South Australia
by Staff Reporter • 22 Jul 2009
Mortgage defaults in South Australia have surged more than 40 per cent this year, according to figures obtained under... READ MORE
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Big incentives offered to spark NZ rental activity
by Staff Reporter • 22 Jul 2009
The New Zealand residential property market is enjoying oversupply, causing average rent rates to drop by 3.5 per cent... READ MORE
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Westpac warns against over-regulation
by Staff Reporter • 22 Jul 2009
Westpac Banking Corp chief executive Gail Kelly has warned against over-regulating during the global financial crisis,... READ MORE
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Bond market an attractive option for mortgage originators
by Staff Reporter • 22 Jul 2009
Mortgage originators are set to rely on the bond market once the federal government’s $8 billion support package runs... READ MORE
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RBA’s upbeat outlook fuels fear of rate rise
by Staff Reporter • 22 Jul 2009
The Reserve Bank of Australia (RBA) has said the global economy is stabilising and the country can expect to enjoy... READ MORE
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Broker’s refinancing business surges
by Staff Reporter • 22 Jul 2009
Almost 40 per cent of Aussie Home Loans’ customers are using their loan for re-financing purposes, the broker has... READ MORE
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Broker market share over 40pc: Genworth
by Staff Reporter • 22 Jul 2009
An increasing number of Australians are turning to brokers to write their loans, The Genworth Financial Mortgage Trends... READ MORE
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UK lending rises but still long way to go
by Staff Reporter • 21 Jul 2009
The amount of UK mortgage lending rose in June, data from the Council of Mortgage Lenders (CML) has found. READ MORE
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Covered bonds to play part in funding
by Staff Reporter • 21 Jul 2009
Pressure is mounting on treasury officials to allow banks to issue ‘covered bonds’ as a means of restoring... READ MORE
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Mortgage fund manager loses court battle
by Staff Reporter • 21 Jul 2009
Mortgage fund manager Balmain Trilogy has won the right to control City Pacific First Mortgage Fund in a court battle. READ MORE
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Prestige property market breakdown
by Staff Reporter • 21 Jul 2009
Properties at the top end of the market are currently suffering significant losses, with values falling anywhere up to... READ MORE
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New report predicts drop in unemployment
by Staff Reporter • 21 Jul 2009
Australia’s unemployment rate will peak at 7.5 per cent rather than 8.5 per cent, Access Economics’ new Business... READ MORE
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ANZ slashes servicing times
by Staff Reporter • 21 Jul 2009
ANZ has put their turnaround times back on track after a recent blowout that saw the bank take 12 days to process loans. READ MORE
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Auction clearance rates surge
by Staff Reporter • 20 Jul 2009
Sydney’s auction clearance rate surged over the weekend, hitting 74.7 per cent, statistics from Australian Property... READ MORE
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Govt under pressure to inject funds into AOFM
by Staff Reporter • 20 Jul 2009
The federal government is under pressure from the housing sector to inject more funds into the mortgage market to... READ MORE