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BoE says banks overstate losses
by Staff Reporter • 2 May 2008
UK banks have overstated sub-prime related losses, which is likely to delay any improvements in confidence levels in... READ MORE
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No commission cuts from ANZ
by Staff Reporter • 2 May 2008
ANZ has broken its silence on broker commissions, confirming exclusively with Mortgage Business this afternoon that no... READ MORE
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New home sales hit by high interest rates
by Staff Reporter • 1 May 2008
New home sales figures released yesterday by the Housing Institute of Australia (HIA) show that high interest rates... READ MORE
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New St George commissions structure wins aggregator approval
by Staff Reporter • 1 May 2008
St George announced yesterday that from 1 June 2008 it will change the way mortgage brokers earn their commissions. READ MORE
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US rates down to 2pc
by Staff Reporter • 1 May 2008
The Federal Reserve’s Federal Open Market Committee lowered the United States’ official cash rate... READ MORE
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Westpac delivers strong profit result
by Staff Reporter • 1 May 2008
Westpac this morning delivered a “robust” net profit for the six months ending 31 March 2008 of $2,202... READ MORE
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S&L and Austral CU merger likely
by Staff Reporter • 30 Apr 2008
Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne... READ MORE
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Credit union M&As set to increase
by Staff Reporter • 30 Apr 2008
Moody’s Investors Service (Moody’s) said today that the credit outlook for the Australian credit union... READ MORE
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Rate rises stunt property price growth
by Staff Reporter • 30 Apr 2008
March quarter housing figures released today by Australian Property Monitors (APM) have revealed that property markets... READ MORE
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US foreclosures up more than 100pc
by Staff Reporter • 30 Apr 2008
Foreclosure filings increased in the United States by 23 per cent in the March quarter 2008 to 649,917, online real... READ MORE
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NAB reveals alternatives to broker commission cuts
by Staff Reporter • 30 Apr 2008
National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts. READ MORE
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St George latest to rethink broker commissions
by Staff Reporter • 30 Apr 2008
St George announced this afternoon that from 1 June 2008 it will change the way mortgage brokers earn their... READ MORE
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Uncertain outlook for building societies: Moody's
by Staff Reporter • 29 Apr 2008
The outlook for Australian building societies has been labelled "negative" by Moody’s in its... READ MORE
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New home building to lag until 2009/10
by Staff Reporter • 29 Apr 2008
The new home building cycle is unlikely to see any significant upturn until 2009/10, the Housing Institute of... READ MORE
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Second largest UK lender halves maximum loan size
by Staff Reporter • 29 Apr 2008
Dry funding markets are accelerating mortgage rationing in the UK, with Nationwide Building Society –... READ MORE
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No plans to cut broker commissions: NAB
by Staff Reporter • 28 Apr 2008
National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of... READ MORE
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Westpac hikes variable interest rates
by Staff Reporter • 28 Apr 2008
Westpac today announced a rise of 0.10 per cent to its standard variable home lending rate, effective Friday 2 May... READ MORE
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Interest rates hammer Melbourne property market
by Staff Reporter • 28 Apr 2008
Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of... READ MORE
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More commission cuts on the cards
by Staff Reporter • 28 Apr 2008
Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those... READ MORE
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S&P raises ratings on Pepper?s loans
by Staff Reporter • 28 Apr 2008
Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust... READ MORE
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ANZ and NAB hike rates
by Staff Reporter • 28 Apr 2008
ANZ and NAB both announced ten basis point increases to their standard variable mortgage rates over the long weekend. READ MORE
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GE reaffirms commissions guarantee
by Staff Reporter • 28 Apr 2008
GE Money Third Party Solutions (GE Money) has reaffirmed it will guarantee broker commissions on its prime mortgage... READ MORE
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Nationwide Lending secures GE Money funding accreditation
by Staff Reporter • 24 Apr 2008
Nationwide Lending has entered into a new funding partnership with GE Money Third Party Solutions (GE Money). READ MORE
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Aussie mortgage stress on the rise
by Staff Reporter • 24 Apr 2008
Around 13 per cent of Australian households are in mortgage stress according to JPMorgan’s Anatomy of Australian... READ MORE
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Fitch rates Kingfisher Trust 2008-1 AAA
by Staff Reporter • 24 Apr 2008
Fitch Ratings yesterday rated an $11.23 billion ANZ mortgage-backed issue ‘AAA’. READ MORE