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Mortgage Choice defies tough lending market

by Staff Reporter • 20 Aug 2008
Mortgage Choice has registered only a slight drop in volumes for the 2008 financial year compared with 2007, according...READ MORE

UK lending to slump in 2008

by Staff Reporter • 20 Aug 2008
The battered UK lending market will reach new depths with lending to contract a further 19.3 per cent in 2008,... READ MORE

CBA seeks slice of Aussie Home Loans

by Staff Reporter • 20 Aug 2008
The Commonwealth Bank of Australia (CBA) is in negotiations to buy a stake in Aussie Home Loans (Aussie), the AFR... READ MORE

Resilient renovation sector an opportunity for brokers

by Staff Reporter • 20 Aug 2008
Stagnant building activity and a dwelling shortage of 45,000 could boost renovation activity in coming months as home... READ MORE

RBA set to cut rates

by Staff Reporter • 20 Aug 2008
Minutes from the Reserve Bank’s August monetary policy meeting and wages data released today point to a widely... READ MORE

Profit growth for ACCU

by Staff Reporter • 20 Aug 2008
Despite absorbing higher funding costs, Australian Central Credit Union today reported a healthy after-tax profit of... READ MORE

HSBC fixed rates slashed by up to 130 bps

by Staff Reporter • 19 Aug 2008

HSBC Bank Australia yesterday cut its fixed home lending rates by between 35 and 130 basis points.

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Broker sales conference 'spot on'

by Staff Reporter • 18 Aug 2008

Brokers turned out in force for the inaugural Lending Sales Success (LSS) conference in Sydney last weekend.

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CBA tipped to move on BankWest

by Staff Reporter • 18 Aug 2008

The Commonwealth Bank may turn set its sights on Perth-based BankWest, The Australian reported today.

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First home buyer affordability remains at 24 year low

by Staff Reporter • 18 Aug 2008
National first home buyer affordability remained at a 24 year low in the June quarter, the HIA-CBA First Home Buyer... READ MORE

Lending competition healthy: RBA

by Staff Reporter • 15 Aug 2008
The Australian financial sector is healthy and competitive, the RBA’s deputy governor Ric Battellino told the... READ MORE

Baby-boomers push younger borrowers from property market

by Staff Reporter • 15 Aug 2008
Older Australians have blocked younger borrowers from the property market, a report released today by Finsia... READ MORE

QBE purchases PMI Australia

by Staff Reporter • 15 Aug 2008

QBE Insurance has bought mortgage insurer PMI Australia for $1.027 billion.

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Commission cuts boost leasing finance appeal for brokers

by Staff Reporter • 15 Aug 2008
Leasing finance is tipped to replace lost dollars for some brokers as residential lending slows and lender commission... READ MORE

New aggregator relationship for The Mortgage Gallery NSW/ACT

by Staff Reporter • 15 Aug 2008
The Mortgage Gallery announced today that its NSW/ACT franchise operation will now operate as its own broking... READ MORE

Wide Bay creates contingency RMBS

by Staff Reporter • 15 Aug 2008
Wide Bay Australia has created a $100 million internal securitisation program to generate additional liquidity if... READ MORE

Consumer sentiment improves

by Staff Reporter • 15 Aug 2008
Consumer sentiment bounced back for August, the Westpac-Melbourne Institute Index of Consumer Sentiment revealed... READ MORE

Club launches franchise operations

by Staff Reporter • 14 Aug 2008

Club Financial Services (Club) has launched a national franchise operation.

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MFAA continues push for Aussie Mac

by Staff Reporter • 14 Aug 2008
The MFAA will step up its push for a government-backed funding source today in a verbal submission to the House of... READ MORE

ACCC approves Westpac and St George merger

by Staff Reporter • 14 Aug 2008
The amalgamation of Westpac and St George looks likely to go ahead following the ACCC’s approval of the merger... READ MORE

Aussie Mac not the solution: RBA

by Staff Reporter • 13 Aug 2008
The RBA revealed today that it does not support the proposal of a government-sponsored agency to support the local... READ MORE

Fixed-rate demand slides further

by Staff Reporter • 13 Aug 2008

Demand for fixed-rate loans continued to drop in July, data from Mortgage Choice revealed this week.

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CBA yearly net profit rises 7pc

by Staff Reporter • 13 Aug 2008
The Commonwealth Bank of Australia (CBA) today reported a better than expected seven per cent rise in annual net... READ MORE

Spiralling business conditions to usher 150bp rate cut: NAB

by Staff Reporter • 13 Aug 2008
Business conditions fell again in July and are now dropping at a level faster than that recorded during the post-2000... READ MORE

Business credit slumps

by Staff Reporter • 12 Aug 2008
Small business lending has slumped to an annualised growth rate of eight per cent, according to the RBA’s latest... READ MORE

June lending figures down

by Staff Reporter • 12 Aug 2008
The ABS’ Lending Finance Australia report, released yesterday, revealed that the total value of owner-occupied... READ MORE

Credit reporting changes welcomed

by Staff Reporter • 12 Aug 2008
Tentative proposals to alter Australia’s credit reporting framework have been met with approval by the... READ MORE

25bp rate cut a start but more needed to spark market revival

by Staff Reporter • 12 Aug 2008
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could... READ MORE

Adelaide and Bendigo deliver solid profit

by Staff Reporter • 12 Aug 2008
In its first annual result since merging last year, Bendigo and Adelaide Bank Ltd have delivered a $170.5 million... READ MORE

Prospects for rate cut increasing: RBA

by Staff Reporter • 12 Aug 2008
An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary... READ MORE
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