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Financial crisis intensifies as US bail-out plan rejected
by Staff Reporter • 30 Sep 2008
Panic struck global financial markets overnight as the US House of Representatives kicked out the US$700 billion... READ MORE
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$4b RMBS investment not enough: Mortgage Choice, First Mac
by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
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$4b RMBS investment not enough: Mortgage Choice, First Mac (2)
by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
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Bradford & Bingley second UK bank failure for 2008
by Staff Reporter • 30 Sep 2008
Bradford and Bingley has become the second UK bank to be nationalised this year as a result of the worsening credit... READ MORE
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Citi new US banking giant
by Staff Reporter • 30 Sep 2008
Citigroup will become the United States’ largest bank by deposits after agreeing to acquire all banking... READ MORE
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Government to boost non-bank sector
by Staff Reporter • 29 Sep 2008
The industry has welcomed a $4 billion government plan to bolster competition in the mortgage market. READ MORE
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WaMu biggest US bank collapse yet
by Staff Reporter • 29 Sep 2008
Washington Mutual, bought by banking giant JP Morgan for $1.9bn after seizure by the US authorities late last week,... READ MORE
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Green light for US bailout
by Staff Reporter • 29 Sep 2008
Congress yesterday reached a landmark agreement that will release US$700 billion ($843.35 billion) to bail out Wall... READ MORE
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Don't blame brokers for arrears: MFAA
by Staff Reporter • 27 Sep 2008
The MFAA has hit back at suggestions that mortgage brokers have played a role in the rise of home loan arrears. READ MORE
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NZ falls into recession
by Staff Reporter • 26 Sep 2008
New Zealand has officially fallen into recession according to figures released by Statistics New Zealand today. READ MORE
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Bush addresses nation on financial crisis
by Staff Reporter • 26 Sep 2008
The depth of the US crisis was highlighted by President Bush’s address to Americans yesterday on prime time... READ MORE
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Low-risk profile delivers record profit for Heritage
by Staff Reporter • 26 Sep 2008
Heritage Building Society has posted a record profit of $29.360 million; its ninth consecutive full year before tax... READ MORE
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Industry magazine survey not so ?independent?
by Staff Reporter • 26 Sep 2008
Key Media, the publisher of two titles included in what was touted as an ‘Independent’ Mortgage Industry... READ MORE
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NSW hot spot for arrears
by Staff Reporter • 26 Sep 2008
According to the RBA, the proportion of New South Wales home owners behind in mortgage repayments has increased by... READ MORE
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New home sales still struggle
by Staff Reporter • 26 Sep 2008
New home sales fell 1.3 per cent in August, HIA data showed yesterday. READ MORE
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Australian financial system weathers credit crisis: RBA
by Staff Reporter • 25 Sep 2008
The Australian financial system remains largely shielded from the international turmoil that has battered others... READ MORE
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US financial crisis prompts further FBI investigations
by Staff Reporter • 25 Sep 2008
The FBI has expanded its corporate fraud inquiries as the Wall Street financial crisis burgeons and questions mount as... READ MORE
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AIG's multi-billion dollar loan signed off
by Staff Reporter • 25 Sep 2008
American International Group (AIG) has announced that it has signed a definitive agreement with the Federal Reserve... READ MORE
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Strong migration hurts affordability
by Staff Reporter • 25 Sep 2008
The outlook for housing affordability remains bleak as the national population grows at a record pace and construction... READ MORE
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Bleak outlook for NSW property market
by Staff Reporter • 25 Sep 2008
New South Wales is close to recession and the housing market at risk of a serious downturn, Westpac senior economist... READ MORE
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RBA acts to improve liquidity
by Staff Reporter • 25 Sep 2008
In a move to bolster Australia’s financial sector the RBA has established temporary reciprocal currency swap... READ MORE
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Banks' home loans share up; profits remain strong
by Staff Reporter • 24 Sep 2008
Australian banks remain healthy and profitable in stark contrast to the US financial sector according to APRA figures... READ MORE
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Australia?s economy well managed
by Staff Reporter • 24 Sep 2008
Australia is well placed to weather the global downturn and contain inflationary pressures according to the... READ MORE
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US bail-out plan only way to save economy: IMF
by Staff Reporter • 24 Sep 2008
As legislatures continue to debate the US government’s proposed financial sector bail-out, the IMF has backed... READ MORE
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Last investment banks fall under Fed?s control
by Staff Reporter • 23 Sep 2008
Wall Street’s two remaining investment banks will now operate under the supervision of the Federal Reserve as... READ MORE