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Industry agrees on need for regulation, but not costs
by Staff Reporter • 2 Apr 2008
Financial institutions have a positive attitude towards increased regulation of the financial sector, The Report on... READ MORE
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Genworth Hardship Program reaches significant milestone
by Staff Reporter • 2 Apr 2008
Mortgage Insurer Genworth Financial announced yesterday that is has now helped over 1,000 borrowers impacted by... READ MORE
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Higher interest rates curb credit demand
by Staff Reporter • 2 Apr 2008
Higher interest rates are slowing Australians’ demand for debt, RBA credit aggregates for February have... READ MORE
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Rates held steady at 7.25 per cent
by Staff Reporter • 1 Apr 2008
The RBA left rates unchanged today, as was widely expected, at 7.25 per cent. READ MORE
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Maxis Loans ceases mortgage origination
by Staff Reporter • 1 Apr 2008
Maxis Loans ceased originating home loans yesterday, Monday 31 March. READ MORE
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Australian property market remains resilient
by Staff Reporter • 1 Apr 2008
Despite reports in March that home values had taken a hit from rising interest rates, RP Data and Rismark’s... READ MORE
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St George increases standard variable rate
by Staff Reporter • 1 Apr 2008
Following Westpac and NAB, St George yesterday increased its variable interest rates by 0.10 per cent to 9.47 per... READ MORE
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February new home sales fall
by Staff Reporter • 1 Apr 2008
New home sales weakened in February, dropping by 5.3 per cent according to the Housing Institute of Australia (HIA). READ MORE
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US reveals blueprint to bolster financial market regulation
by Staff Reporter • 1 Apr 2008
The US Treasury Department released its blueprint for an improved financial regulatory structure overnight, outlining... READ MORE
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Westpac bumps extra 0.10pc on standard variable rates
by Staff Reporter • 1 Apr 2008
Westpac has lifted the interest rate on its standard variable home loan by 10 basis points. READ MORE
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Dismal results for weekend auctions
by Staff Reporter • 31 Mar 2008
Auction results over the weekend highlight a rapidly changing property market, with clearance rates down in most... READ MORE
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US to overhaul financial system
by Staff Reporter • 31 Mar 2008
U.S. Treasury Secretary Henry M. Paulson will hold a press conference today entitled Remarks on Financial Market... READ MORE
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Major UK lender scraps loans
by Staff Reporter • 31 Mar 2008
The UK’s second largest lender, Nationwide Building Society, announced late last week that it would withdraw... READ MORE
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Borrowers must shoulder rising funding costs
by Staff Reporter • 31 Mar 2008
Eight months on and the worsening liquidity crisis is crippling the profitability of mortgage lending. READ MORE
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Global authorities discuss actions to combat financial turmoil
by Staff Reporter • 31 Mar 2008
The world’s leading financial authorities met in Rome over the weekend to discuss the challenges currently... READ MORE
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Bank interest rate tactics 'deceptive': Resi
by Staff Reporter • 28 Mar 2008
Resi Mortgage Corp has urged borrowers not to be spooked by bank and other commentators’ rhetoric around interest... READ MORE
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Crisis contingency for ADIs
by Staff Reporter • 28 Mar 2008
The Council of Financial Regulators has revived recommendations for a scheme to guarantee bank deposits in the case of... READ MORE
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Supply and demand both influencing affordability: RBA
by Staff Reporter • 28 Mar 2008
Increasing demand and constrained supply are fuelling Australia’s excessively high house prices, according to... READ MORE
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RBA confident in Australian financial system
by Staff Reporter • 27 Mar 2008
The Australian economy is well-positioned to weather global financial difficulties and even better positioned to cope... READ MORE
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Debt committments increase motivation for Australians to save
by Staff Reporter • 27 Mar 2008
Repaying debt has become a significant motivator for household savings, according to the Melbourne Institute Household... READ MORE
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Freddie Mac equivalent for Australia?
by Staff Reporter • 27 Mar 2008
The federal government has been called upon to support liquidity in the Australian securities market in order to... READ MORE
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Solid potential for guarantor loans
by Staff Reporter • 26 Mar 2008
Demand for co-ownership products and guarantor home loans look set to soar with almost eight out of ten parents... READ MORE
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Macquarie?s retreat splits industry
by Staff Reporter • 26 Mar 2008
Opinion is divided over the impact Macquarie Bank’s exit will have on Australian securitisation, according to... READ MORE
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NAB lifts variable rates
by Staff Reporter • 26 Mar 2008
National Australia Bank (NAB) yesterday announced an additional nine basis points increase to its standard variable... READ MORE
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Brokers appreciate need for commission clawbacks: St George
by Staff Reporter • 26 Mar 2008
Mortgage brokers are coming to terms with lenders' need to improve shrinking margins, St George general manager of... READ MORE