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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
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Chronic housing shortage looming: Master Builders
by Staff Reporter • 8 Apr 2008
Dwelling approvals released yesterday by the ABS showed barely any sign of change for February, and are now falling in... READ MORE
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Big banks' exit fees dwarf credit unions?
by Staff Reporter • 7 Apr 2008
Australia’s big five banks are slugging borrowers far higher exit fees than smaller lenders or credit unions,... READ MORE
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RBA backs lenders? rate hikes
by Staff Reporter • 7 Apr 2008
RBA governor Glenn Stevens has given his support to Australian lenders that pass on higher funding costs to consumers. READ MORE
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Wide Bay confident of profit expectations, despite higher funding...
by Staff Reporter • 7 Apr 2008
Wide Bay Australia has confirmed expectations it will achieve a 12 per cent increase in net for profits for the... READ MORE
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Mortgage Lenders Council back on non-bank agenda
by Staff Reporter • 7 Apr 2008
Loss of market share to the banks has prompted a number of non-bank lenders to consider the possibility of... READ MORE
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Australian economy highly vulnerable to housing slumps
by Staff Reporter • 4 Apr 2008
Australia has the fourth easiest access to housing credit in the world, the International Monetary Fund (IMF) World... READ MORE
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Rents to double in four years
by Staff Reporter • 4 Apr 2008
Median asking rents rose by double digits in all capital cities over the last 12 months, Australian Property... READ MORE
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MFAA warns of ?back to the future? danger for industry
by Staff Reporter • 4 Apr 2008
The MFAA has called for action to ensure competition in the mortgage industry. READ MORE
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PLAN Australia founder to spearhead Challenger aggregation interests
by Staff Reporter • 3 Apr 2008
Challenger Mortgage Management today announced the appointment of Alex Moulieris as general manager, broker platforms. READ MORE