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Significant reduction to Virgin Money mortgage origination
by Staff Reporter • 15 May 2008
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage... READ MORE
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Budget won?t rid economy of inflationary pressures
by Staff Reporter • 14 May 2008
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in... READ MORE
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Budget brings First Home Savers Accounts to life
by Staff Reporter • 14 May 2008
The Federal budget delivered last night included several measures to combat housing affordability. READ MORE
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HSBC satisfied with Q1 results
by Staff Reporter • 13 May 2008
HSBC has announced it made a strong start to the year despite turbulence in global financial markets. READ MORE
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Westpac and St George agree on key merger terms
by Staff Reporter • 13 May 2008
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two companies. READ MORE
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PMI Australia reports healthy first quarter earnings
by Staff Reporter • 13 May 2008
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released... READ MORE
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Personal, commercial finance commitments drop in March
by Staff Reporter • 13 May 2008
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial loans. READ MORE
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Broker numbers set to drop
by Staff Reporter • 12 May 2008
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring bite. READ MORE
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New Choice Aggregation Services CEO announced
by Staff Reporter • 12 May 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the... READ MORE
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Westpac and St George to forge nation?s largest bank
by Staff Reporter • 12 May 2008
Westpac announced this morning that it is in merger discussions with St George Bank. READ MORE
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Inflation set to decline: RBA
by Staff Reporter • 12 May 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on... READ MORE
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Owner-occupied financing drops for non-banks, banks
by Staff Reporter • 12 May 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing... READ MORE
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NAB profit up 25.8 per cent
by Staff Reporter • 9 May 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of... READ MORE
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Rents outgrowing wages in Sydney
by Staff Reporter • 9 May 2008
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Rates not the monster behind mortgage stress
by Staff Reporter • 9 May 2008
Rising interest rates are not the defining cause of mortgage stress, according to mortgage insurer Genworth... READ MORE
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Macquarie?s reverse mortgages off the market indefinitely
by Staff Reporter • 9 May 2008
Ongoing deterioration in global credit markets and the continued increase in the cost of funds have forced Macquarie... READ MORE
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RMBS volumes plunge 80.5pc
by Staff Reporter • 8 May 2008
Moody’s Australian RMBS Performance Review released yesterday confirmed the startling lack of activity in... READ MORE
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Borrowers blame lenders for debt problems
by Staff Reporter • 8 May 2008
Three in four Australians hold financial institutions responsible for the current debt crisis, research by the... READ MORE
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Bluestone committed to broker channel
by Staff Reporter • 8 May 2008
Bluestone has reiterated its strong support for brokers despite its decision to temporarily withdraw its reverse... READ MORE
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Mortgage lending set for tough 18 months
by Staff Reporter • 7 May 2008
Flagging consumer sentiment, record low housing affordability and the global credit crunch are all expected to take... READ MORE
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Boost for Victorian first home buyers
by Staff Reporter • 7 May 2008
First home buyers in regional Victoria will be able to receive up to $15,000 in government assistance towards the... READ MORE
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Commercial property strong investment choice in turbulent times
by Staff Reporter • 7 May 2008
Despite uncertain economic conditions commercial property opportunities remain strong for investors, according to... READ MORE
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NAB reveals vision for new broker industry
by Staff Reporter • 7 May 2008
NAB Broker announced yesterday it will gear its services towards what it believes will be an advice-based Australian... READ MORE
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St George announces strong H1 result
by Staff Reporter • 6 May 2008
St George delivered a record first half cash profit of $603 million today, 6.2 per cent up from the corresponding... READ MORE
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US lending standards tightened across the board
by Staff Reporter • 6 May 2008
The number of American banks that had tightened their lending standards increased significantly over the three months... READ MORE