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New product range to be unveiled: FirstMac
by Staff Reporter • 18 Nov 2008
Just days after announcing a $600 million RMBS placement non-bank lender FirstMac is gearing up to challenge the banks... READ MORE
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Retail sales highlight cautious consumers
by Staff Reporter • 18 Nov 2008
Data released by the ABS yesterday showed that retail turnover volumes rose just 0.1 per cent over the September... READ MORE
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US housing market collapse hammers Freddie Mac
by Staff Reporter • 17 Nov 2008
Freddie Mac has asked for a further US$13.8 billion (A$21.5 billion) government lifeline after reporting a US$25.3... READ MORE
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Further government stimulus on horizon
by Staff Reporter • 17 Nov 2008
In a renewed bid to combat the global financial crisis the Group of 20 met in Washington over the weekend with the... READ MORE
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Auction activity shows signs of improvement
by Staff Reporter • 17 Nov 2008
Auction results improved slightly across some capital cities over the weekend but are still noticeably weaker than... READ MORE
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FirstMac back in action
by Staff Reporter • 17 Nov 2008
Funding for the non-bank sector has taken a another step forward with the news that FirstMac successfully placed and... READ MORE
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Fixed rate demand falls further
by Staff Reporter • 14 Nov 2008
Anticipation of further rate reductions saw borrower take up of fixed home loans fall to just three per cent in... READ MORE
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ANZ to cut jobs
by Staff Reporter • 14 Nov 2008
ANZ is gearing up for extensive job cuts but it remains unclear how the redundancies will affect its third party... READ MORE
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Ratings agencies to face tougher rules
by Staff Reporter • 14 Nov 2008
Prime Minister Kevin Rudd will seek international support for a crackdown on rating agencies and executive salaries at... READ MORE
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Europe?s biggest economy in recession
by Staff Reporter • 14 Nov 2008
Germany is officially in recession after recording negative growth of 0.5 per cent in the September quarter. READ MORE
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Westpac, St George merger approved
by Staff Reporter • 14 Nov 2008
Australia’s fifth largest bank is set to become part of Westpac after shareholders yesterday voted... READ MORE
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City Pacific boss steps down
by Staff Reporter • 13 Nov 2008
Founder and managing director of struggling non-bank lender City Pacific Phil Sullivan has announced his resignation,... READ MORE
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Loan losses to rise: CBA
by Staff Reporter • 13 Nov 2008
The Commonwealth Bank will face increased loan losses this financial year as a result of several exposures to company... READ MORE
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Commercial finance activity edges up
by Staff Reporter • 13 Nov 2008
Commercial finance activity picked up in September, according to ABS data released yesterday. READ MORE
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Confidence up but still low
by Staff Reporter • 13 Nov 2008
Consumer confidence crept upwards in October as a result of RBA rate reductions and the government’s stimulus... READ MORE
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Opportune defies tough market
by Staff Reporter • 13 Nov 2008
Despite tough industry conditions mortgage originator Opportune Home Loans has reported “speedy growth”,... READ MORE
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Brokers warm to advice-based model
by Staff Reporter • 13 Nov 2008
Something of a revolution is taking place across the industry as more brokers now look to their future success through... READ MORE
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US acts to ease spiralling foreclosures
by Staff Reporter • 12 Nov 2008
The United States has unveiled further initiatives to ease mortgage stress for hundreds of thousands of Americans... READ MORE
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Mutuals endure financial crisis
by Staff Reporter • 12 Nov 2008
Building societies and credit unions are weathering difficult financial conditions well, KPMG’s 2008 Building... READ MORE
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Rates to fall to 3.75pc within six months: NAB
by Staff Reporter • 12 Nov 2008
The official cash rate could drop as low as 3.75 per cent by early next year, according to forecasts by NAB. READ MORE
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Broker demand spurs Mortgage Ezy rate cut
by Staff Reporter • 12 Nov 2008
Mortgage Ezy yesterday announced a reduction in rates on its recently released Special Discount 6 Month Variable Loan... READ MORE
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Ignorance blamed for latest media broker attack
by Staff Reporter • 11 Nov 2008
Brokers were once again subject to negative press over the weekend with Herald Sun columnist Scott Pape telling... READ MORE
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Business conditions for SMEs decline but outlook brighter
by Staff Reporter • 11 Nov 2008
Australian small to medium businesses continued to experience tough conditions in the September quarter, off the back... READ MORE
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Buyer?s Choice acquires Westate Finance
by Staff Reporter • 11 Nov 2008
Buyer’s Choice Home Loan Advisory Service, a Melbourne-based brokerage, today announced the acquisition of... READ MORE
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Property markets ripen for FHBs, investors
by Staff Reporter • 11 Nov 2008
The September quarter saw property prices fall in most capital cities, data from Australian Property Monitors showed... READ MORE