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Bleak outlook for industry growth: AFG
by Staff Reporter • 6 May 2008
April mortgage sales for aggregation group Australian Finance Group (AFG) could reflect a significant slowdown in... READ MORE
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Rates on hold as demand slows
by Staff Reporter • 6 May 2008
The RBA has decided to leave the cash rate unchanged at 7.25 per cent. READ MORE
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Brokers flock to white labelling
by Staff Reporter • 5 May 2008
Rising funding costs, shrinking liquidity and uncertainty over broker commissions have fuelled a surge of broker... READ MORE
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House prices feel brunt of high interest rates
by Staff Reporter • 5 May 2008
House price indexes released by the ABS today confirmed that housing markets have slowed markedly because of the... READ MORE
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Bendigo Bank hikes variable rate
by Staff Reporter • 5 May 2008
Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday. READ MORE
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Fed announces further measures to improve liquidity
by Staff Reporter • 5 May 2008
The US Federal Reserve (Fed) announced an expansion of its liquidity measures on Friday to counteract persistent... READ MORE
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Building approvals down, worse to come: MBA
by Staff Reporter • 2 May 2008
Building approvals slumped in March, data from the ABS has revealed yesterday. READ MORE
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Australians' financial savvy still has some way to go
by Staff Reporter • 2 May 2008
Mortgage lenders and brokers have their work cut out for them with almost half of Australians believing they can... READ MORE
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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