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NAB, Suncorp move on rates
by Staff Reporter • 15 Jul 2008
NAB and Suncorp yesterday announced an increase to their standard variable lending rates. READ MORE
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Fed reveals responsible lending rules
by Staff Reporter • 15 Jul 2008
The Federal Reserve yesterday approved new rules to govern the home loan market and enforce responsible lending... READ MORE
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Brokers braced for one-in-a-hundred year property slump
by Staff Reporter • 15 Jul 2008
Property analysts have warned that the Australian residential market faces a meltdown – a grim prospect for... READ MORE
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Macquarie prices $700 million RMBS
by Staff Reporter • 15 Jul 2008
Macquarie Securitisation Limited announced yesterday that it had priced a $700 million PUMA Masterfund S-7 RMBS. READ MORE
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US Treasury to bail out Freddie and Fannie
by Staff Reporter • 15 Jul 2008
In a move to prevent a complete demise of the US home loan market, the US Government has announced a plan to bail out... READ MORE
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Personal finance commitments drop in May
by Staff Reporter • 14 Jul 2008
The value of national personal financing fell by 7.8 per cent to $12.581 billion from April to May, ABS data revealed... READ MORE
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Retail banking and mortgage jobs slide again
by Staff Reporter • 14 Jul 2008
The number of jobs advertised on the internet in the retail banking and mortgage sector fell by a considerable 13.7... READ MORE
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ANZ raises rates
by Staff Reporter • 14 Jul 2008
ANZ announced on Friday it would increase the rate on its variable home loans, shortly after the Commonwealth Bank... READ MORE
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US bank collapses
by Staff Reporter • 14 Jul 2008
US lender IndyMac Bank was forced to close over the weekend, which has recast fears that the worst of the credit... READ MORE
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CBA hikes rates
by Staff Reporter • 11 Jul 2008
The Commonwealth Bank (CBA) today became the first of the big four banks to lift rates despite the RBA’s... READ MORE
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NAB seeks ABN AMRO acquisition
by Staff Reporter • 11 Jul 2008
National Australia Bank (NAB) revealed today it is in discussions to purchase ABN AMRO Australia and New Zealand. READ MORE
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BoE holds rate as inflation remains above target
by Staff Reporter • 11 Jul 2008
Despite a struggling British economy, the Bank of England (BoE) left rates unchanged overnight at five per cent. READ MORE
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Wizard launches loan for SMEs
by Staff Reporter • 11 Jul 2008
Wizard Home Loans yesterday announced it would target the small to medium sized enterprise (SME) market with the... READ MORE
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Inflationary expectations stay at record high
by Staff Reporter • 11 Jul 2008
Expectations for record high inflation remain high because of increased fuel, rent and food prices, the Melbourne... READ MORE
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Strong growth for major aggregator
by Staff Reporter • 10 Jul 2008
Despite depressed national home loan figures, Choice Aggregation Services (Choice) has reported an increase in... READ MORE
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June unemployment results better than expected
by Staff Reporter • 10 Jul 2008
Unemployment fell to an unexpected 4.2 per cent in June, from 4.3 per cent in May, as 24,000 more full time jobs were... READ MORE
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RBA must keep rates high: IMF
by Staff Reporter • 10 Jul 2008
The International Monetary Fund (IMF) has urged the RBA to maintain a tight stance of monetary policy in its latest... READ MORE
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Consumer sentiment lowest in 16 years
by Staff Reporter • 10 Jul 2008
Consumer sentiment fell to the lowest level since 1992 in July, the Westpac Melbourne Institute Index of Consumer... READ MORE
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Loan volume slump won?t hurt diversified brokers
by Staff Reporter • 10 Jul 2008
The weakest mortgage approvals in eight years and morbid consumer sentiment have not dented the broking... READ MORE
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BankWest joins St George in new round of rate rises
by Staff Reporter • 10 Jul 2008
BankWest has become the second bank to increase the rate on its standard variable mortgage products independent of any... READ MORE
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Australian business confidence lowest since 9/11
by Staff Reporter • 9 Jul 2008
Business conditions and sentiment deteriorated sharply in June, NAB’s monthly Business Survey and Economic... READ MORE
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Housing finance commitments continue downward spiral
by Staff Reporter • 9 Jul 2008
The value of housing finance activity declined again in May, figures from the ABS revealed today. READ MORE
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Barclays cuts sub-prime loan products
by Staff Reporter • 9 Jul 2008
The UK's fourth largest bank will stop selling new loans through its sub-prime loans unit and plans to cut around 300... READ MORE
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Housing supply to deteriorate further
by Staff Reporter • 9 Jul 2008
The prospect of an improvement in dwelling supply now appears further away than ever as builder sentiment plunged in... READ MORE
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Big banks to spend billions on IT
by Staff Reporter • 9 Jul 2008
The big four banks will invest heavily in IT in a bid to update old systems and better compete with online lenders. READ MORE