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13-year high for swap rate
by Staff Reporter • 21 Feb 2008
The cost of funding is going anywhere but down, with the three-month bank bill swap rate surging yesterday.
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RBA minutes signal further rises to come
by Staff Reporter • 20 Feb 2008
Rates look certain to rise again in March and again throughout 2008, with minutes from February's RBA Monetary Policy... READ MORE
Changed broker commission structure for new BankWest home loan
by Staff Reporter • 20 Feb 2008
BankWest has beefed up its new retail banking presence with the launch of a new discounted loan priced 75 basis points... READ MORE
ACCU tables $5.96m profit despite funds cost increase
by Staff Reporter • 20 Feb 2008
Australian Central Credit Union (ACCU) has reported a satisfying financial performance for the half year to December... READ MORE
Demand for no-deposit loans reaffirmed
by Staff Reporter • 19 Feb 2008
Mortgage products requiring little or no deposit look set to thrive because of Australian’s inability to... READ MORE
Non-involvement with risky loans pays off for Wide Bay
by Staff Reporter • 19 Feb 2008
Wide Bay Australia yesterday reported an after tax profit of $8.23 million for the six months ending 31 December... READ MORE
Odds for consecutive rate rise at 95pc: Reuters
by Staff Reporter • 19 Feb 2008
The RBA is almost certain to lift interest rates again in March, according to a Reuters survey of 22... READ MORE
New-look RAMS re-emerges with 'can-do attitude'
by Staff Reporter • 19 Feb 2008
RAMS Home Loans has unveiled a new era with the launch of a campaign “RAMS can, so you can,” the lender... READ MORE
Borrowers to re-negotiate rather than refinance
by Staff Reporter • 18 Feb 2008
Refinancing activity following the RBA February rate rise is not expected to dramatically increase, according to... READ MORE
Bendigo reports 34.1pc rise in net profit
by Staff Reporter • 18 Feb 2008
Bendigo Bank today announced a net profit of $72.8 million for the six month period to 31 December.
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Perth property ripe for investors: REIWA
by Staff Reporter • 18 Feb 2008
Perth’s housing market flat lined over the December quarter, preliminary data from the Real Estate Institute of... READ MORE
Proposed national legislation could cripple broker distribution for...
by Staff Reporter • 18 Feb 2008
Uniform regulation has strong support from the mortgage industry, but key points of the proposed National Finance... READ MORE
Generation Y shifting to property over FMCGs: Genworth
by Staff Reporter • 18 Feb 2008
Generation Y presents a lucrative target market for mortgage lenders, the latest Genworth Financial Spotlight Series... READ MORE
Northern Rock to be nationalised
by Staff Reporter • 18 Feb 2008
UK Chancellor of the Exchequer Alistair Darling has rejected Virgin Money’s bid for Northern Rock over the... READ MORE
GMAC investors plan for worsening mortgage environment
by Staff Reporter • 15 Feb 2008
Cerberus Capital Management has expressed concern for the outlook for its US-based subsidiary company GMAC Financial... READ MORE
UBS posts record losses as sub-prime crisis bites
by Staff Reporter • 15 Feb 2008
European banking giant UBS yesterday posted a shocking fourth quarter loss of US$13.7 billion ($15.2 billion).
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Unemployment hits record low
by Staff Reporter • 15 Feb 2008
The unemployment rate fell to a 33-year low in January of 4.1 per cent.
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Possible step towards national conveyancing system
by Staff Reporter • 15 Feb 2008
A meeting chaired by Attorney-General assistant Richard Glenn will take place in Canberra today to discuss the push... READ MORE
Optimism for non-bank market share rebound
by Staff Reporter • 15 Feb 2008
The non-bank sector took a blow this week after ABS figures revealed its market share decreased during... READ MORE
Over 60s still confused about reverse mortgages
by Staff Reporter • 14 Feb 2008
An overwhelming number of retirees do not understand equity release products, the SEQUAL-RFI Reverse Mortgage Study... READ MORE
NZ to create affordable housing supply
by Staff Reporter • 14 Feb 2008
The New Zealand government yesterday announced action plans to make housing more affordable for more the... READ MORE
Significant drop in banking, mortgage jobs
by Staff Reporter • 13 Feb 2008
The demand for staff across the banking and finance sector is on the decline, the Olivier Job Index for January... READ MORE
Project Lifeline extended to struggling US borrowers
by Staff Reporter • 13 Feb 2008
The US Treasury Secretary Henry Paulson announced overnight an urgent plan to assist struggling US homeowners who are... READ MORE
Wholesale funding costs to stay high: CBA
by Staff Reporter • 13 Feb 2008
Wholesale funding costs are likely to remain above levels experienced in 2007, the Commonwealth Bank (CBA) said... READ MORE
Housing affordability continues to worsen
by Staff Reporter • 13 Feb 2008
Despite a slight improvement in home affordability in New South Wales, the national index for housing affordability... READ MORE
Small improvement in affordability for NSW home buyers
by Staff Reporter • 13 Feb 2008
Housing affordability for first home buyers in NSW improved slightly during the last quarter of 2007.
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'Natural selection' to drive market consolidation
by Staff Reporter • 12 Feb 2008
Consolidation has been tipped once again as the future for mortgage lenders The Advertiser reported... READ MORE
Developers add luxury extras to entice home buyers
by Staff Reporter • 12 Feb 2008
Property developers are adding luxury extras to housing estates in a bid to entice buyers, The Australian Financial... READ MORE
Consumer appetite for debt slows
by Staff Reporter • 12 Feb 2008
Australian consumers have become increasingly cautious about taking on extra debt, the Veda Advantage Credit Demand... READ MORE
ASIC to review home loan fees ?immediately?
by Staff Reporter • 12 Feb 2008
ASIC will commence its examination into home loan switching fees immediately in line with the Federal... READ MORE
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