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Japan slowdown bad news for Australian economy
by Staff Reporter • 17 Feb 2009
A substantial slow down in Japan’s economy does not bode well for domestic economic conditions.
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Housing finance up in December
by Staff Reporter • 17 Feb 2009
Further evidence that the lower rate environment has stimulated demand for home loans was revealed in strong ABS... READ MORE
Improved housing affordability boosts broker volumes
by Staff Reporter • 17 Feb 2009
The housing market is in considerably better shape than it was a year ago with affordability improving dramatically in... READ MORE
Royal Bank of Scotland to shed thousands of jobs
by Staff Reporter • 16 Feb 2009
Struggling Royal Bank of Scotland (RBS) is reportedly considering a cost-cutting program that could reduce its... READ MORE
Commonwealth Bank SVR tops the majors
by Staff Reporter • 16 Feb 2009
After what could be the last major rate reduction for this cycle, The Commonwealth Bank has delivered the lowest home... READ MORE
Aus, US stimulus measures get thumbs up
by Staff Reporter • 16 Feb 2009
Kevin Rudd’s $42 billion stimulus package finally received the green light from the senate on Friday afternoon... READ MORE
Mixed results for weekend auctions
by Staff Reporter • 16 Feb 2009
Encouraging Valentine’s Day clearance rates were registered for Sydney and Melbourne however the smaller... READ MORE
Melbourne auctions disappoint
by Staff Reporter • 13 Feb 2009
Melbourne auctions recorded a disappointing result on the weekend, newly released figures today revealed.
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Lenders drop mortgage brokers: US
by Staff Reporter • 13 Feb 2009
Some US lenders are cutting back on doing business with mortgage brokers, raising concerns about the impact on... READ MORE
Business confidence smashed
by Staff Reporter • 13 Feb 2009
Deteriorating economic conditions have seen business confidence fall to an all time low.
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CBA suspends bushfire victims' home loan costs
by Staff Reporter • 13 Feb 2009
The Commonwealth Bank (CBA) has announced an emergency assistance package for its customers affected by the Victorian... READ MORE
One in every 466 US houses in foreclosure
by Staff Reporter • 13 Feb 2009
Foreclosures in the United States recovered in January but still remain comparatively high, figures released overnight... READ MORE
New stimulus plan faces Senate hurdle
by Staff Reporter • 13 Feb 2009
The government will attempt to pass an amended version of its $42 billion stimulus package through the Senate this... READ MORE
Robust job market despite unemployment hike
by Staff Reporter • 13 Feb 2009
The jobless rate continued to climb in January but Australia’s job market remains surprisingly resilient.
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England's recession deepening: BoE
by Staff Reporter • 12 Feb 2009
Bank of England (BOE) governor Mervyn King has conceded that the UK is in a “deep recession” and indicated that the... READ MORE
A tad more rate relief needed to sustain market recovery
by Staff Reporter • 12 Feb 2009
While the indicators for borrowing activity are looking bright, many brokers believe further rate relief from the RBA... READ MORE
Consumers positive about present; uneasy about future
by Staff Reporter • 12 Feb 2009
While Australians seem positive about their current situation they have growing fears about what the future may... READ MORE
West Coast Eagles teams up with The Mortgage Gallery
by Staff Reporter • 12 Feb 2009
WA based franchise brokerage The Mortgage Gallery (TMG) today announced that it has entered into a partnership with... READ MORE
Full future rate cuts unlikely to reach borrowers: CBA
by Staff Reporter • 12 Feb 2009
Commonwealth Bank borrowers may not see the full benefit of future rate cuts warned CEO Ralph Norris yesterday.
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US stimulus packages passes through the Senate
by Staff Reporter • 11 Feb 2009
A recovery for the ailing US economy looks one step closer after the Senate approved Barack Obama’s US$838... READ MORE
Surge in December lending: ABS
by Staff Reporter • 11 Feb 2009
Brokers will be buoyed by the news that housing finance activity soared in December confirming lower interest rates,... READ MORE
Interest rates could curb booms: RBA
by Staff Reporter • 11 Feb 2009
The RBA says the role of monetary policy could be widened and used to avoid damaging price bubbles in housing and... READ MORE
CBA profit hit by difficult economic environment
by Staff Reporter • 11 Feb 2009
The Commonwealth Bank today reported a rise in first-half net profit of 9 per cent to $2.57 billion, compared to $2.37... READ MORE
AFM calls on industry for bushfire support
by Staff Reporter • 11 Feb 2009
Australian First Mortgage (AFM) will appeal to the mortgage broking and lending industry to dig deep to help victims... READ MORE
New Allstate product to challenge banks
by Staff Reporter • 10 Feb 2009
Further signs that the non-bank sector is gaining ground against the banks continue to emerge with the launch of a low... READ MORE
Challenger cuts rates
by Staff Reporter • 10 Feb 2009
Challenger Mortgage Management (Challenger) has kept pace with other major lenders announcing yesterday that it would... READ MORE
New tool to better brokers' business health
by Staff Reporter • 10 Feb 2009
The MFAA has released a new diagnostic tool to help members assess the operating health of their businesses.
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Prime RMBS arrears up 12bps
by Staff Reporter • 9 Feb 2009
Arrears on residential loans underlying Australian prime RMBS mortgages jumped 12 basis points to 1.70 per cent in... READ MORE
Stargate wins finconnect broker CRM business
by Staff Reporter • 9 Feb 2009
The Stargate Group (Stargate) has announced a new partnership with finconnect to provide its Symmetry CRM platform to... READ MORE
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