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GMAC-RFC confirms $302 million non-conforming RMBS
by Staff Reporter • 24 May 2008
GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal... READ MORE
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US home prices fall significantly in Q1
by Staff Reporter • 24 May 2008
US home prices suffered the largest quarterly decline in record in the first quarter of 2008, according to the Office... READ MORE
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Budget fails to ease consumers? inflationary expectations
by Staff Reporter • 23 May 2008
The Federal Government’s budget has offered little hope to consumers to combat inflation, according to the... READ MORE
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Borrowers apprehensive about refinancing
by Staff Reporter • 22 May 2008
Many Australian homebuyers want to refinance their home loans but a high level of apathy could be holding them back,... READ MORE
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Suncorp securitises $2.6 billion of home loans
by Staff Reporter • 22 May 2008
Suncorp securitised $2.6 billion in residential mortgages last Thursday, 15 May. READ MORE
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Banks benefit as businesses seek local financing
by Staff Reporter • 22 May 2008
With international funding markets still dry, Australian businesses are increasingly looking to local banks to finance... READ MORE
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Affordability worsens for first home buyers
by Staff Reporter • 22 May 2008
The HIA-CBA First Home Buyer Affordability Index fell during the first quarter this year by 3.5 per cent – 10... READ MORE
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GMAC prices $300 million RMBS
by Staff Reporter • 22 May 2008
GMAC-RFC reportedly priced a RMBS deal yesterday worth $300 million. READ MORE
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Mortgage delinquencies to increase: Fitch
by Staff Reporter • 21 May 2008
Mortgage delinquencies rose in the first quarter of 2008 and are expected to increase further as the impact of... READ MORE
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RHG to move back RMBS call dates
by Staff Reporter • 21 May 2008
RHG Ltd (previously RAMS Home Loans Group) has proposed a change to upcoming call dates on some of its outstanding... READ MORE
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Seiza pulls back on funding
by Staff Reporter • 21 May 2008
Tough capital market conditions have forced Seiza Capital to reduce funding for some products, including low-doc... READ MORE
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CBA announces new commissions structure
by Staff Reporter • 21 May 2008
The Commonwealth Bank of Australia (CBA) this afternoon revealed changes to broker remunerations after weeks of... READ MORE
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Borrowers escaped rate rise by skin of their teeth in May
by Staff Reporter • 21 May 2008
Borrowers were close to being hit with another interest rate hike this month, according to the minutes of the RBA May... READ MORE
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Connective director says time to step back
by Staff Reporter • 20 May 2008
Sof Tsialtas has stepped down as director of aggregation group Connective, but said he would continue to have an... READ MORE
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UCU and mecu to merge
by Staff Reporter • 20 May 2008
Victorian-based credit union mecu today announced plans to merge with Queensland’s Uni Credit Union (UCU) in a... READ MORE
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Macquarie delivers record net profit
by Staff Reporter • 20 May 2008
Macquarie Group delivered a record net profit today of $1.8 billion after tax for the year ending 31 March 2008... READ MORE
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US housing starts experience April recovery
by Staff Reporter • 20 May 2008
Housing starts in the US rose more than expected during April to reach a seasonally-adjusted 1,032,000, the US... READ MORE
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Aggregation groups braced for consolidation
by Staff Reporter • 20 May 2008
The aggregation sector is geared for consolidation as sweeping changes to broker remuneration and cost pressures... READ MORE
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Four capital cities report negative growth in April
by Staff Reporter • 19 May 2008
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on... READ MORE
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Residential property listings up 74 per cent
by Staff Reporter • 19 May 2008
The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling... READ MORE
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Citibank reopens frozen credit markets
by Staff Reporter • 16 May 2008
Citibank confirmed today that it had reopened Australian securitisation markets with a $500 million Class A note RMBS... READ MORE
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Budget may slow investor activity
by Staff Reporter • 16 May 2008
Tax cuts announced in the Federal budget this week could slow investor activity and worsen the plight for renters, RP... READ MORE
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Upward swing to UK inflation
by Staff Reporter • 15 May 2008
The rate of inflation rose in the UK in April to three per cent – the highest rate in five years and well above... READ MORE
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Freddie Mac losses ?an improvement?
by Staff Reporter • 15 May 2008
US government-sponsored Freddie Mac reported a net loss of $151 million for the first quarter of 2008 overnight... READ MORE
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RMBS arrears rise, further losses expected
by Staff Reporter • 15 May 2008
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007,... READ MORE