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Strong improvement in commercial lending volumes
by Staff Reporter • 15 May 2009
Commercial finance activity surged in March to $30.498 billion, ABS data showed yesterday, providing an encouraging... READ MORE
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Balance sheet funds drive non-bank "renaissance"
by Staff Reporter • 14 May 2009
Despite an overall decline in the non-bank sector’s market share over the last 18 months, the originator and... READ MORE
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Indication of lending policies relaxing in UK
by Staff Reporter • 14 May 2009
The UK’s second largest lender Abbey has relaxed its lending criteria in what is a major boost to the... READ MORE
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Recovery still some way off for England
by Staff Reporter • 14 May 2009
The Bank of England (BOE) has sharply cut its growth forecasts for the United Kingdom and warned the road to recovery... READ MORE
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US foreclosures hit new high
by Staff Reporter • 14 May 2009
One in every 159 US borrowers received a foreclosure filing during the first quarter as default notices and bank... READ MORE
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Grant extension good but not enough
by Staff Reporter • 14 May 2009
While the industry is largely relieved that the First Home Owners Grant has been extended some have claimed it’s... READ MORE
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CBA warns of rising bad debts
by Staff Reporter • 14 May 2009
The Commonwealth Bank has revealed expectations of rising bad debts and impairment charges, in line with similar... READ MORE
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Grant extension meets brokers' approval
by Staff Reporter • 13 May 2009
The decision by the federal government to extend the inflated first home owner grant is the right move according to the... READ MORE
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Securitisation sector to lobby for more support
by Staff Reporter • 13 May 2009
A new chief lobbyist for the Australian Securitisation Forum (ASF) has called for greater government support of... READ MORE
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New industry alliance a boost for loan servicing
by Staff Reporter • 13 May 2009
Mortgage Settlements Australia (MSA) has announced a strategic new alliance with BNY Mellon Australia – a... READ MORE
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Swan spends big to steer economy through recession
by Staff Reporter • 13 May 2009
The federal government last night handed down a $47 billion budget which will bring the current accounts into a record... READ MORE
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Federal budget backs first home buyers
by Staff Reporter • 13 May 2009
After months of speculation the mortgage industry has been buoyed by the news last night that an extension of the... READ MORE
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No halt on insurance payouts: Genworth
by Staff Reporter • 12 May 2009
Reports that a higher level of lenders’ insurance claims have been rejected were dismissed today by mortgage... READ MORE
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Don't fix rates yet: brokers
by Staff Reporter • 12 May 2009
Despite the cash rate nearing the bottom of its cycle the majority of brokers still think that fixed rates have further... READ MORE
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Leading central banker says global economy past the worst
by Staff Reporter • 12 May 2009
European Central Bank head Jean-Claude Trichet believes global economic activity may have reached a turning point and... READ MORE
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Encouraging business conditions to curb rate falls
by Staff Reporter • 12 May 2009
The RBA is unlikely to move on interest rates any time soon and the bottom of its interest rate cycle could be higher... READ MORE
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ASIC cautions lenders on recouping losses for fraudulent loans
by Staff Reporter • 11 May 2009
ASIC has warned that lenders may be engaging in “unconscionable conduct” by trying to recoup loans... READ MORE
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Auction clearance rate remain below 70pc
by Staff Reporter • 11 May 2009
Auction activity remains subdued across the nation with the national clearance rate remaining firmly below the 70 per... READ MORE
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NAB Broker commits to 95pc LVRs
by Staff Reporter • 11 May 2009
While most lenders have stepped back from high LVR loans, NAB Broker will continue to reward quality brokers with... READ MORE
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Mortgage belts better for capital growth
by Staff Reporter • 11 May 2009
Outer city suburbs are outperforming inner city locations when it comes to capital growth, RP Data says. READ MORE
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First home buyer demand to continue despite FHOG increase expiry
by Staff Reporter • 11 May 2009
The end of the beefed up first home owner grant (FHOG) is unlikely to see that sector of the market grind to a halt,... READ MORE
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New CEO trims Mortgage Choice workforce
by Staff Reporter • 8 May 2009
Listed broking group Mortgage Choice has announced a number of redundancies which it claims will reposition itself for... READ MORE
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Suncorp drops commercial
by Staff Reporter • 8 May 2009
Suncorp is set to exit the commercial property sector with $3 billion worth of commercial property investment lending... READ MORE
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Surprise improvement in unemployment
by Staff Reporter • 8 May 2009
A much stronger than anticipated jobs figure yesterday buoyed the economy but the government has been quick to warn... READ MORE
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US banks need $100 billion to bolster reserves
by Staff Reporter • 8 May 2009
Regulators in the United States revealed overnight that US$75 billion ($A99 billion) in additional capital will be... READ MORE