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Capital city property markets steady in March
by Staff Reporter • 16 Apr 2008
The first round of data on residential property performance for March was released yesterday, indicating a still... READ MORE
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Lenders? rate rises dampen consumer demand: RBA
by Staff Reporter • 15 Apr 2008
Minutes from the RBA’s April meeting released today suggest that banks and lenders’ independent rate rises... READ MORE
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Commercial finance commitments fall
by Staff Reporter • 15 Apr 2008
Lending finance figures released today indicated that 12 year high interest rates are taking their toll not just on... READ MORE
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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. READ MORE
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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
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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
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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
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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
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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
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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 today. READ MORE
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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
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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
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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
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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
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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