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Interest rates hammer Melbourne property market
by Staff Reporter • 28 Apr 2008
Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of... READ MORE
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More commission cuts on the cards
by Staff Reporter • 28 Apr 2008
Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those... READ MORE
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S&P raises ratings on Pepper?s loans
by Staff Reporter • 28 Apr 2008
Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust... READ MORE
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ANZ and NAB hike rates
by Staff Reporter • 28 Apr 2008
ANZ and NAB both announced ten basis point increases to their standard variable mortgage rates over the long weekend. READ MORE
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GE reaffirms commissions guarantee
by Staff Reporter • 28 Apr 2008
GE Money Third Party Solutions (GE Money) has reaffirmed it will guarantee broker commissions on its prime mortgage... READ MORE
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Nationwide Lending secures GE Money funding accreditation
by Staff Reporter • 24 Apr 2008
Nationwide Lending has entered into a new funding partnership with GE Money Third Party Solutions (GE Money). READ MORE
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Aussie mortgage stress on the rise
by Staff Reporter • 24 Apr 2008
Around 13 per cent of Australian households are in mortgage stress according to JPMorgan’s Anatomy of Australian... READ MORE
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Fitch rates Kingfisher Trust 2008-1 AAA
by Staff Reporter • 24 Apr 2008
Fitch Ratings yesterday rated an $11.23 billion ANZ mortgage-backed issue ‘AAA’. READ MORE
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New funding, pricing for Collins Securities
by Staff Reporter • 24 Apr 2008
Collins Securities has relaunched its product range with more competitive pricing after securing a new funding... READ MORE
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CPI rises 1.3 per cent
by Staff Reporter • 23 Apr 2008
The headline consumer price index (CPI) rose 1.3 per cent in the March quarter, ABS figures revealed today. READ MORE
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AIMS suspends product ranges
by Staff Reporter • 23 Apr 2008
AIMS Home Loans (AIMS) informed brokers yesterday that it had temporarily suspended new applications for its low-doc... READ MORE
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CBA to cut broker commissions
by Staff Reporter • 23 Apr 2008
The Commonwealth Bank (CBA) today confirmed its intention to reduce third-party commissions. READ MORE
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Industry backs broker channel despite lender withdrawals
by Staff Reporter • 23 Apr 2008
Despite a number of lenders recently exiting third-party distribution major funders are not expected to follow. READ MORE
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Seven pc drop to ANZ profit
by Staff Reporter • 23 Apr 2008
Australia and New Zealand Banking Group (ANZ) today announced a profit after tax for the six months ending 31 March... READ MORE
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Bank of England liquidity scheme launched
by Staff Reporter • 22 Apr 2008
The Bank of England (BoE) yesterday released details of its Special Liquidity Scheme, which effective immediately will... READ MORE
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RBA moves again to stimulate RMBS market
by Staff Reporter • 22 Apr 2008
The RBA bought a further $780 million in RMBS yesterday to improve the flow of much-needed liquidity in the... READ MORE
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Credit crunch hammers Bank of America earnings
by Staff Reporter • 22 Apr 2008
Bank of America has delivered a disappointing earnings announcement for the first quarter of 2008 of US$1.21 billion. READ MORE
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BankWest guarantees broker commissions
by Staff Reporter • 21 Apr 2008
BankWest has moved to boost third-party market share through guaranteeing broker commissions until the end of the year... READ MORE
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Freddie Mac jumbo loan purchases to stimulate market
by Staff Reporter • 21 Apr 2008
US government-sponsored Freddie Mac agreed last week to purchase billions of dollars of new conforming jumbo mortgages... READ MORE
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Building activity slides
by Staff Reporter • 21 Apr 2008
Data released by the ABS on Friday revealed building activity fell in the December quarter by $16 billion, or 4.3 per... READ MORE
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RBA buys $320 million in RMBS
by Staff Reporter • 21 Apr 2008
The RBA bought $320 million worth of mortgage-backed securities on Friday, according to The Sydney Morning Herald. READ MORE
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Insurer downgrades cause funding problems for Capital Securities
by Staff Reporter • 21 Apr 2008
Capital Securities’ funding lines have reportedly been put on hold as a result of ratings downgrades to the two... READ MORE
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Brokers? future in white labelling: Wilson National
by Staff Reporter • 18 Apr 2008
Wilson National has advised brokers to turn to white labelling as commissions are slashed and lenders – such as... READ MORE
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New enhancements added to Basel II Framework
by Staff Reporter • 18 Apr 2008
The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience... READ MORE
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BoE plans to unblock credit markets
by Staff Reporter • 18 Apr 2008
The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for... READ MORE