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Seiza Mortgages launches SMSF loans
by Staff Reporter • 14 Jan 2008
Following the September 24 changes to the Superannuation Industry (Supervision) Act, Seiza Mortgages has announced the... READ MORE
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MyRate.com.au records surge in inquiries as banks hike rates
by Staff Reporter • 14 Jan 2008
Internet-based mortgage lender MyRate.com.au has registered a 300 per cent increase in daily inquiries since the major... READ MORE
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Countrywide acquired by Bank of America
by Staff Reporter • 14 Jan 2008
Bank of America has agreed to purchase troubled mortgage lender Countrywide Financial in a transaction worth... READ MORE
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Treasurer to investigate home loan fees
by Staff Reporter • 14 Jan 2008
Federal Treasurer Wayne Swan has announced an investigation into home loan exit fees in a move to make the mortgage... READ MORE
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Bank of England holds on rates
by Staff Reporter • 11 Jan 2008
The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the... READ MORE
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Citigroup & Merrill seek billions in capital
by Staff Reporter • 11 Jan 2008
Citigroup and Merrill Lynch, two of Wall Street’s biggest names, are seeking emergency funding from foreign... READ MORE
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Big banks decline exposure to US sub-prime market
by Staff Reporter • 11 Jan 2008
The big four banks have denied any direct link to the US sub-prime lending market despite their exposure to ailing US... READ MORE
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CBA tips consolidation in 2008
by Staff Reporter • 11 Jan 2008
The credit crisis may trigger increased consolidation among lenders, Commonwealth Bank (CBA) chief executive Ralph... READ MORE
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Banks' actions could set market back by 20 years
by Staff Reporter • 11 Jan 2008
Non-bank lender Resi Mortgage Corporation has called the behaviour of the banks into question as interest rates were... READ MORE
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November retail sales put pressure on February rate rise
by Staff Reporter • 10 Jan 2008
Retail sales recorded strong growth in November 2007, ABS figures released yesterday revealed. READ MORE
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Mobius? loan book risky says S&P
by Staff Reporter • 10 Jan 2008
Standard and Poor’s has revealed Mobius Financial Services’ mortgage book as one of the nation’s... READ MORE
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CBA joins NAB, ANZ in hiking rates
by Staff Reporter • 10 Jan 2008
The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per... READ MORE
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Home approval growth not reflective of true market position
by Staff Reporter • 9 Jan 2008
The November spike in home approvals may not reflect the true position of the market, the Australian Financial Review... READ MORE
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Property owners enjoy bumper year: REIA
by Staff Reporter • 9 Jan 2008
Australian home owners enjoyed a “vintage year” in 2007, according to the Real Estate Institute of... READ MORE
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ANZ Chief says rate rise won?t hurt market share
by Staff Reporter • 9 Jan 2008
ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia,... READ MORE
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Bank's liquidity called into question
by Staff Reporter • 9 Jan 2008
The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope... READ MORE
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November dwelling approvals post upturn
by Staff Reporter • 9 Jan 2008
Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for... READ MORE
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ANZ?s rate rise under fire
by Staff Reporter • 9 Jan 2008
ANZ is feeling the heat of public scrutiny over its decision to lift interest rates with Federal Treasurer Wayne Swan... READ MORE
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Wholesale interest rate increases behind ANZ rate rise
by Staff Reporter • 8 Jan 2008
ANZ attributed higher wholesale interest rates to its decision to increase standard variable home loan rates... READ MORE
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Citigroup may cut work force by up to 10 per cent
by Staff Reporter • 8 Jan 2008
American television channel CNBC reported that US Citigroup is considering a 5-10 per cent cutback of its workforce,... READ MORE
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Major banks concede price advantage
by Staff Reporter • 7 Jan 2008
After months of sustained media negativity directed at the non-bank sector over higher funding costs, the major banks... READ MORE
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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
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Westpac RAMS transaction complete
by Staff Reporter • 7 Jan 2008
Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday. READ MORE
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Fast figures ? January
by Staff Reporter • 4 Jan 2008
4,429,000 – number of baby boomers in the Australian workforce READ MORE
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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 points. READ MORE