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Worsening picture for loan arrears revealed
by Staff Reporter • 28 May 2008
Prime mortgage arrears rose by four basis points to 1.28 per cent in February, according to Standard &... READ MORE
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Wizard sale no impact on third-party business: GE Money
by Staff Reporter • 28 May 2008
The sale of Wizard Home Loans will not affect GE Money’s third party business, according to a statement issued... READ MORE
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Fixed-rate loans keep private business on track
by Staff Reporter • 28 May 2008
Australian businesses are feeling the effects of the credit crunch but remain confident in their future. READ MORE
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St George and Westpac step closer to merger
by Staff Reporter • 28 May 2008
St George and Westpac have announced that they have signed a Merger Implementation Agreement (MIA) to form what would... READ MORE
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Fixed-rates lose their appeal with consumers
by Staff Reporter • 27 May 2008
Demand for fixed-rate mortgages contracted significantly in April, Mortgage Choice housing loan approval data released... READ MORE
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Brokers unjustly carry burden of credit crunch: FBAA
by Staff Reporter • 26 May 2008
The FBAA has criticised the banks’ decision to cut commissions, stating that brokers are being unjustly targeted... READ MORE
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BankWest cuts 42 broker groups
by Staff Reporter • 26 May 2008
BankWest will reduce its distribution to just 17 brokerages and will break ties with all other groups within 28 days. READ MORE
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Bouris to buy back Wizard
by Staff Reporter • 26 May 2008
Wizard Home Loans’ founder Mark Bouris will seek to regain control of the lender just four years after selling... READ MORE
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First quarter slide for housing markets
by Staff Reporter • 26 May 2008
House prices softened considerably during the first quarter of the year, data released by the Real Estate Institute of... READ MORE
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GMAC-RFC confirms $302 million non-conforming RMBS
by Staff Reporter • 24 May 2008
GMAC-RFC confirmed today that it successfully placed a $302.8 million non-conforming RMBS issue, following a refusal... READ MORE
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US home prices fall significantly in Q1
by Staff Reporter • 24 May 2008
US home prices suffered the largest quarterly decline in record in the first quarter of 2008, according to the Office... READ MORE
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Budget fails to ease consumers? inflationary expectations
by Staff Reporter • 23 May 2008
The Federal Government’s budget has offered little hope to consumers to combat inflation, according to the... READ MORE
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Borrowers apprehensive about refinancing
by Staff Reporter • 22 May 2008
Many Australian homebuyers want to refinance their home loans but a high level of apathy could be holding them back,... READ MORE
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Suncorp securitises $2.6 billion of home loans
by Staff Reporter • 22 May 2008
Suncorp securitised $2.6 billion in residential mortgages last Thursday, 15 May. READ MORE
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Banks benefit as businesses seek local financing
by Staff Reporter • 22 May 2008
With international funding markets still dry, Australian businesses are increasingly looking to local banks to finance... READ MORE
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Affordability worsens for first home buyers
by Staff Reporter • 22 May 2008
The HIA-CBA First Home Buyer Affordability Index fell during the first quarter this year by 3.5 per cent – 10... READ MORE
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GMAC prices $300 million RMBS
by Staff Reporter • 22 May 2008
GMAC-RFC reportedly priced a RMBS deal yesterday worth $300 million. READ MORE
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Mortgage delinquencies to increase: Fitch
by Staff Reporter • 21 May 2008
Mortgage delinquencies rose in the first quarter of 2008 and are expected to increase further as the impact of... READ MORE
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RHG to move back RMBS call dates
by Staff Reporter • 21 May 2008
RHG Ltd (previously RAMS Home Loans Group) has proposed a change to upcoming call dates on some of its outstanding... READ MORE
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Seiza pulls back on funding
by Staff Reporter • 21 May 2008
Tough capital market conditions have forced Seiza Capital to reduce funding for some products, including low-doc... READ MORE
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CBA announces new commissions structure
by Staff Reporter • 21 May 2008
The Commonwealth Bank of Australia (CBA) this afternoon revealed changes to broker remunerations after weeks of... READ MORE
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Borrowers escaped rate rise by skin of their teeth in May
by Staff Reporter • 21 May 2008
Borrowers were close to being hit with another interest rate hike this month, according to the minutes of the RBA May... READ MORE
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Connective director says time to step back
by Staff Reporter • 20 May 2008
Sof Tsialtas has stepped down as director of aggregation group Connective, but said he would continue to have an... READ MORE
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UCU and mecu to merge
by Staff Reporter • 20 May 2008
Victorian-based credit union mecu today announced plans to merge with Queensland’s Uni Credit Union (UCU) in a... READ MORE
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Macquarie delivers record net profit
by Staff Reporter • 20 May 2008
Macquarie Group delivered a record net profit today of $1.8 billion after tax for the year ending 31 March 2008... READ MORE