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Government says banks can help ease liquidity problems
by Staff Reporter • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
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Negative growth pushes US towards official recession
by Staff Reporter • 31 Oct 2008
The US economy has edged ever nearer to recession after recording negative growth of 0.3 per cent for the three months... READ MORE
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Seventy per cent of mortgage industry fears further downturn
by Staff Reporter • 31 Oct 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the... READ MORE
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Slow-down normal, outlook positive: RBA
by Staff Reporter • 31 Oct 2008
Economic growth and household incomes will slow over the coming years but Australia remains well poised to avoid... READ MORE
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Intermediaries increase share of reverse mortgages
by Staff Reporter • 30 Oct 2008
Fewer borrowers are choosing to deal direct with the lender when it comes to reverse mortgages, the Deloitte SEQUAL... READ MORE
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Citibank drops commercial and personal loans, ramps residential
by Staff Reporter • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
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Westpac profit up
by Staff Reporter • 30 Oct 2008
Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September. READ MORE
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US rates slashed again
by Staff Reporter • 30 Oct 2008
The US official cash rate is down to one per cent after the Federal Reserve announced a 50 basis point reduction... READ MORE
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FirstMac, ME score government RMBS injection
by Staff Reporter • 30 Oct 2008
FirstMac and Members Equity are the first lenders to benefit from the government’s $8 billion RMBS scheme. READ MORE
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Mainstream media ignorance blamed for bad broker press
by Staff Reporter • 29 Oct 2008
Mortgage brokers and non-bank lenders have attracted more than their fair share of unwanted media coverage over the... READ MORE
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New name for PMI as acquisition finalised
by Staff Reporter • 29 Oct 2008
Mortgage insurer PMI Australia today announced that it has changed its name to QBE Lenders’ Mortgage Insurance... READ MORE
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St George profit up
by Staff Reporter • 29 Oct 2008
St George today announced a net profit of $1.174 billion for the year to September 2008, a 0.9 per cent rise from... READ MORE
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Businesses appetite for debt wanes
by Staff Reporter • 29 Oct 2008
Business credit applications sank in the first three months of the financial year, a six per cent drop compared to the... READ MORE
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Q3 business conditions slump
by Staff Reporter • 29 Oct 2008
Business conditions suffered one of the biggest falls in the past 20 years in the September quarter, NAB’s... READ MORE
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Firstfolio introduces New-Loan SMSF product
by Staff Reporter • 29 Oct 2008
Firstfolio, via its mortgage management arm New-Loan, has launched an investment product for self managed super funds. READ MORE
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More to mortgage industry than GE Money
by Staff Reporter • 28 Oct 2008
The dust has started to settle after the shock announcement that GE Money would no longer distribute its funds via the... READ MORE
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Mortgage fund freezes continue
by Staff Reporter • 28 Oct 2008
Colonial First State, one of the country’s largest fund managers, yesterday joined the growing ranks of fund... READ MORE
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US home sales pick up
by Staff Reporter • 28 Oct 2008
Existing home sales increased in the United States in September, the National Association of Realtors reported this... READ MORE
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First home buyer interest mounts
by Staff Reporter • 27 Oct 2008
The industry continues to report a surge in first home buyer interest off the back of the government’s first... READ MORE
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Mortgage rate price war heats up
by Staff Reporter • 27 Oct 2008
Lenders are continuing to slash their lending rates outside of the RBA’s monetary policy cycle with Aussie Home... READ MORE
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Guarantee scheme capped but fund managers remain excluded
by Staff Reporter • 27 Oct 2008
The government has responded to calls to put a cap on its deposit guarantee scheme but is still under pressure to... READ MORE
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Weekend auctions stumble again
by Staff Reporter • 27 Oct 2008
Auction activity stalled on the weekend despite the government’s stimulus initiatives to restore confidence in... READ MORE
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MFAA slams CHOICE broker snub
by Staff Reporter • 27 Oct 2008
The MFAA has hit back at claims by consumer group CHOICE that consumers can get a better deal on their mortgage by... READ MORE
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GE Money ends Australian origination
by Staff Reporter • 25 Oct 2008
GE Money Australia & New Zealand today announced that it will cease offering home loans through all third-party... READ MORE
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RAMS cuts rates again
by Staff Reporter • 24 Oct 2008
RAMS Home Loans today announced a further reduction to its standard variable lending rate of 20 basis points. READ MORE