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Credit unions ?price followers?
by Staff Reporter • 7 Jan 2008
Credit unions are likely to follow the lead of the major banks by raising interest rates on standard variable...READ MORE
Westpac RAMS transaction complete
by Staff Reporter • 7 Jan 2008
Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday.
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Fast figures ? January
by Staff Reporter • 4 Jan 2008
4,429,000 – number of baby boomers in the Australian... READ MORE
Banks ignore political pressure, lift rates
by Staff Reporter • 4 Jan 2008
The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis... READ MORE
Consumer confidence high at top end
by Staff Reporter • 4 Jan 2008
Amid fears of crippling affordability and further interest rate rises mortgage lenders can take heart that the top end... READ MORE
Credit crunch set to hit big US banks hard
by Staff Reporter • 3 Jan 2008
US analysts are trimming fourth quarter estimates for the US’s major banks to account for capital market... READ MORE
Members Equity Bank to fund mortgages from deposits
by Staff Reporter • 2 Jan 2008
Members Equity Bank looks set to overhaul the way it funds home loans as a result of the liquidity problems affecting... READ MORE
Big four target European expat Aussies
by Staff Reporter • 28 Dec 2007
Australian banks are targeting Australians living in Europe as domestic home loan affordability continues to... READ MORE
US mortgage applications down, again
by Staff Reporter • 28 Dec 2007
The Mortgage Bankers Association ‘s (MBA) mortgage applications survey for the week ending December 21 measured... READ MORE
Dwelling sales at all-time high
by Staff Reporter • 27 Dec 2007
Dwelling sales topped $209 billion over the 2007 financial year according to the Real Estate Institute of... READ MORE
Aussies confident of continued economic boom
by Staff Reporter • 25 Dec 2007
Australia’s property owners are confident the economy will remain strong over 2008.
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Option2Buy crushed by credit squeeze
by Staff Reporter • 21 Dec 2007
Queensland-based business Option2Buy is facing receivership after only a few short months in the market.
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Federal Reserve?s first credit auction a hit
by Staff Reporter • 21 Dec 2007
The Federal Reserve received strong interest from financial institutions this week from its first short-term credit... READ MORE
Housing loans drive banks? asset growth
by Staff Reporter • 21 Dec 2007
Australian banks’ assets grew by 17.5 per cent in the 06/07 financial year, driven by strong growth in housing... READ MORE
Victorian estate agents guilty of rampant misquoting
by Staff Reporter • 20 Dec 2007
Victorian real estate agents underquoting property prices to lure buyers to auction has reached ‘epidemic’... READ MORE
Australian banks to gain from international credit crisis
by Staff Reporter • 19 Dec 2007
The international credit crisis will be “very good” for local banks, Justin Braitling of Australian... READ MORE
Credit unions, building societies enjoy solid growth in lending
by Staff Reporter • 19 Dec 2007
Credit unions and building societies experienced a positive 12 months to September 2007 with lending for housing... READ MORE
Flat outlook for dwelling commencements, says MBA
by Staff Reporter • 18 Dec 2007
While there was increased activity in dwelling commencements over the past quarter, the long-awaited recovery is still... READ MORE
The year that was: 2007 mortgage industry milestones
by Staff Reporter • 17 Dec 2007
RAMS reduced to rubble, Challenger buys up half of the mortgage broking industry and the US sub-prime storm engulfs... READ MORE
Centro hit by credit crunch
by Staff Reporter • 17 Dec 2007
Centro Properties Group (Centro) may become the first major Australian real estate casualty of the global credit... READ MORE
Banks up business loan rates
by Staff Reporter • 17 Dec 2007
ANZ, Westpac and the Commonwealth Bank have all made a move to offset higher funding costs through raising rates 15 to... READ MORE
UK lenders feel credit crisis sting
by Staff Reporter • 14 Dec 2007
Struggling UK lender Northern Rock has taken a £281 million (A$653 million) hit as a result of the credit... READ MORE
Central banks to ease pressure on short-term funding markets
by Staff Reporter • 13 Dec 2007
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three... READ MORE
AUSTRAC launches assistance tools as AML/CTF requirements kick in
by Staff Reporter • 13 Dec 2007
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism... READ MORE
Banks? profit cut unless rates rise: JP Morgan
by Staff Reporter • 12 Dec 2007
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs... READ MORE
Club Financial Services acquires The Mortgage Bureau
by Staff Reporter • 12 Dec 2007
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage... READ MORE
US cuts rates to 4.25 per cent
by Staff Reporter • 12 Dec 2007
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis... READ MORE
Non-bank market share slides again
by Staff Reporter • 11 Dec 2007
The non-bank sector struggled again in October to hold onto market share.
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