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Federal Reserve makes billion dollar rescue loan for AIG
by Staff Reporter • 17 Sep 2008
The US Federal Reserve has agreed to lend up to US$85 billion (A$105 billion) to AIG as an emergency loan for the... READ MORE
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Nationwide cracks 250 broker milestone
by Staff Reporter • 17 Sep 2008
Mortgage manager Nationwide Lending announced this week that it has accredited more than 250 brokers. READ MORE
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Connective chooses NextGen to support members? e-lodgement transition
by Staff Reporter • 17 Sep 2008
Connective has partnered with electronic service provider NextGen.Net to assist its brokers meet new e-lodgement... READ MORE
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October rate cut unlikely
by Staff Reporter • 17 Sep 2008
Recent catastrophic events in the US financial sector and global economic uncertainty are unlikely to prompt the RBA... READ MORE
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No change to US cash rate
by Staff Reporter • 17 Sep 2008
The US Federal Reserve left interest rates on hold when it met overnight, defying market expectations that Wall Street... READ MORE
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Insurer reports surge in broker cross selling
by Staff Reporter • 17 Sep 2008
Mortgage protection insurer Australian Life Insurance (ALI) has revealed a substantial upswing in broker originated... READ MORE
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American insurance giant on verge of collapse
by Staff Reporter • 16 Sep 2008
American International Group (AIG) could become the third major victim of the credit crisis in a week as it struggles... READ MORE
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$512 million Housing Affordability Fund to boost first home buyer...
by Staff Reporter • 16 Sep 2008
Prime Minister Kevin Rudd and housing minister Tanya Plibersek yesterday launched the Housing Affordability Fund, a... READ MORE
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Weak home starts reveal acute housing shortage
by Staff Reporter • 16 Sep 2008
New home starts fell by 3.7 per cent in the June quarter, to 38,348, the lowest level in a year, ABS data showed... READ MORE
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Lehman files for bankruptcy
by Staff Reporter • 16 Sep 2008
Embattled investment bank Lehman Brothers yesterday filed for bankruptcy after suffering multi-billion dollar losses. READ MORE
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Carrington National withdraws from broker channel
by Staff Reporter • 16 Sep 2008
Carrington National will withdraw from third party distribution as the quality of its broker-originated loans... READ MORE
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US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
Ten international banks today announced plans to provide $US70 billion ($A85 billion) to help offset a credit crisis,... READ MORE
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Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
Bank of America has agreed to purchase Merrill Lynch for around $US44 billion ($A53.4 billion) The Wall Street Journal... READ MORE
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UK economy tipped to recover in late 2009
by Staff Reporter • 15 Sep 2008
The UK may already be in recession, but it will not be as prolonged as that 1990s downturn, the Confederation of... READ MORE
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NZ Rate cuts spark jump in consumer confidence
by Staff Reporter • 15 Sep 2008
Consumer confidence has risen to a five year high in New Zealand following the Central Bank’s decision to... READ MORE
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Liquidation almost imminent for Lehman Brothers
by Staff Reporter • 15 Sep 2008
The United States faces the possible collapse of Wall Street giant Lehman Brothers as negotiations fail to spur any... READ MORE
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Australian banks weather credit crisis
by Staff Reporter • 12 Sep 2008
Domestic banks remain in comparatively good shape though they now face a more challenging external environment... READ MORE
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Inflation tipped to fall
by Staff Reporter • 12 Sep 2008
Consumer inflationary expectations eased in September, the Melbourne Institute’s Survey of Consumer Inflationary... READ MORE
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moneyQuest launches broker lead generation platform
by Staff Reporter • 12 Sep 2008
Brokerage moneyQuest, the brainchild of former founder and director of Choice Aggregation Services Ross Begley, has... READ MORE
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Stargate launches new processing and packaging solution
by Staff Reporter • 12 Sep 2008
Financial services solutions provider Stargate Group today announced the launch of a new processing and packaging... READ MORE
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Strong employment figures throws doubt on October rate cut
by Staff Reporter • 11 Sep 2008
Lower than expected unemployment figures released by the ABS reduce the likelihood of another rate cut next month. READ MORE
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Challenger issues $400 million RMBS
by Staff Reporter • 11 Sep 2008
Challenger Financial has issued its first RMBS deal for 2008. READ MORE
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Talkback - SEPT 2008
by Staff Reporter • 11 Sep 2008
Last week we asked readers to share their thoughts on whether the non-bank sector would be able to regain market share... READ MORE
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New Zealand rates slashed by 50bps
by Staff Reporter • 11 Sep 2008
The Reserve Bank of New Zealand (RBNZ) today cut interest rates by 50 basis points to 7.50 per cent – 25 basis... READ MORE
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Suncorp issues $444 million RMBS
by Staff Reporter • 11 Sep 2008
Suncorp yesterday raised $444 million in its second RMBS deal for 2008. READ MORE