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Wachovia?s earnings slide from sub-prime exposure
by Staff Reporter • 15 Apr 2008
One of America’s largest banks, Wachovia, reported a net loss for the first quarter of 2008 of US$393 million...READ MORE
MFAA calls on Government to secure funding sources
by Staff Reporter • 15 Apr 2008
The MFAA has urged the Government to consider implementing an Australian version of the Canadian Mortgage and Housing... READ MORE
Westpac commission cuts surprise aggregators
by Staff Reporter • 14 Apr 2008
After months of speculation Westpac has broken ranks from the big four banks and reduced broker commissions.
READ MORE
Housing finance commitments slide
by Staff Reporter • 14 Apr 2008
Despite a slight increase in housing financing commitments for January, figures released today for February confirm... READ MORE
Mortgage Lenders Council?s Canberra talks show promise
by Staff Reporter • 14 Apr 2008
Rapidly changing market conditions could prompt the resurrection of the Mortgage Lenders Council – with a key... READ MORE
G7 endorses actions to combat global financial stress
by Staff Reporter • 14 Apr 2008
The Group of Seven (G7) finance ministers – which includes representatives from France, Germany, Canada, Italy,... READ MORE
Job demand declines for retail banking and mortgage sectors
by Staff Reporter • 11 Apr 2008
Demand for employees in the banking and finance sector continued to decline in March, according to the Olivier Job... READ MORE
Lending growth drives strong results for BoQ
by Staff Reporter • 11 Apr 2008
The Bank of Queensland (BoQ) yesterday delivered a net profit of $65.3 million for the first half of the 2007/08... READ MORE
Bank of England cuts rates by 0.25 per cent
by Staff Reporter • 11 Apr 2008
The Bank of England cut rates for the third time in less than six months overnight, bringing the official cash rate to... READ MORE
AMP hikes rates for third time in one month
by Staff Reporter • 11 Apr 2008
AMP Banking announced yesterday that it would lift the interest rate on its standard variable home loans by ten basis... READ MORE
Community CPS and United to join forces
by Staff Reporter • 10 Apr 2008
Community CPS Australia today announced its intention to merge with West Australian-based United Credit Union.
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Non-bank representative appointed to Financial Sector Advisory Council
by Staff Reporter • 10 Apr 2008
In a move to revitalise the Financial Sector Advisory Council (FSAC) and to provide greater insight into financial... READ MORE
Brokers back non-banks despite ASIC report findings
by Staff Reporter • 10 Apr 2008
ASIC’s review into mortgage entry and exit fees has revealed stark differences between those chaned by bank and... READ MORE
Diversification to boom
by Staff Reporter • 10 Apr 2008
According to the latest Mortgage Business straw poll nearly 86 per cent of mortgage businesses are considering or have... READ MORE
ASF proposes model to unfreeze Australian MBS
by Staff Reporter • 10 Apr 2008
The government should guarantee the mortgage-backed securities (MBS) market to improve liquidity and curb home loan... READ MORE
AML/CTF interpretation assistance package announced
by Staff Reporter • 9 Apr 2008
AUSTRAC yesterday announced the launch of a series of publications to assist industry stakeholders interpret the... READ MORE
NAB and TCU form partnership to extend Indigenous banking
by Staff Reporter • 9 Apr 2008
NAB will provide up to $1 million to assist indigenous banking services in the Northern Territory, it announced... READ MORE
Rate cuts not far off: NAB
by Staff Reporter • 9 Apr 2008
Interest rate cuts are set to come sooner rather than later, according to NAB’s March Business Survey &... READ MORE
IMF recommends actions for credit crisis recovery
by Staff Reporter • 9 Apr 2008
The International Monetary Fund (IMF) released its biannual Global Financial Stability Report this week, outlining... READ MORE
Weak first quarter for mortgage sales: AFG
by Staff Reporter • 8 Apr 2008
Leading mortgage aggregator AFG today reported falls in mortgage sales for the first three months of the year,... READ MORE
ING mortgage portfolio now Australia?s sixth largest
by Staff Reporter • 8 Apr 2008
ING DIRECT has announced an 18 per cent increase in annual profit to $171.2 million for the 12 months ending 31... READ MORE
ANZ prepares for $1 billion in bad debt
by Staff Reporter • 8 Apr 2008
ANZ has bolstered its default provision for credit impairments to almost $1 billion, the bank’s chief executive... READ MORE
Chronic housing shortage looming: Master Builders
by Staff Reporter • 8 Apr 2008
Dwelling approvals released yesterday by the ABS showed barely any sign of change for February, and are now falling in... READ MORE
Big banks' exit fees dwarf credit unions?
by Staff Reporter • 7 Apr 2008
Australia’s big five banks are slugging borrowers far higher exit fees than smaller lenders or credit unions,... READ MORE
RBA backs lenders? rate hikes
by Staff Reporter • 7 Apr 2008
RBA governor Glenn Stevens has given his support to Australian lenders that pass on higher funding costs to... READ MORE
Wide Bay confident of profit expectations, despite higher funding...
by Staff Reporter • 7 Apr 2008
Wide Bay Australia has confirmed expectations it will achieve a 12 per cent increase in net for profits for the... READ MORE
Mortgage Lenders Council back on non-bank agenda
by Staff Reporter • 7 Apr 2008
Loss of market share to the banks has prompted a number of non-bank lenders to consider the possibility of... READ MORE
Australian economy highly vulnerable to housing slumps
by Staff Reporter • 4 Apr 2008
Australia has the fourth easiest access to housing credit in the world, the International Monetary Fund (IMF) World... READ MORE
Rents to double in four years
by Staff Reporter • 4 Apr 2008
Median asking rents rose by double digits in all capital cities over the last 12 months, Australian Property... READ MORE
MFAA warns of ?back to the future? danger for industry
by Staff Reporter • 4 Apr 2008
The MFAA has called for action to ensure competition in the mortgage industry.
READ MORE
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