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Credit crunch hammers Bank of America earnings
by Staff Reporter • 22 Apr 2008
Bank of America has delivered a disappointing earnings announcement for the first quarter of 2008 of US$1.21 billion. READ MORE
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BankWest guarantees broker commissions
by Staff Reporter • 21 Apr 2008
BankWest has moved to boost third-party market share through guaranteeing broker commissions until the end of the year... READ MORE
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Freddie Mac jumbo loan purchases to stimulate market
by Staff Reporter • 21 Apr 2008
US government-sponsored Freddie Mac agreed last week to purchase billions of dollars of new conforming jumbo mortgages... READ MORE
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Building activity slides
by Staff Reporter • 21 Apr 2008
Data released by the ABS on Friday revealed building activity fell in the December quarter by $16 billion, or 4.3 per... READ MORE
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RBA buys $320 million in RMBS
by Staff Reporter • 21 Apr 2008
The RBA bought $320 million worth of mortgage-backed securities on Friday, according to The Sydney Morning Herald. READ MORE
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Insurer downgrades cause funding problems for Capital Securities
by Staff Reporter • 21 Apr 2008
Capital Securities’ funding lines have reportedly been put on hold as a result of ratings downgrades to the two... READ MORE
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Brokers? future in white labelling: Wilson National
by Staff Reporter • 18 Apr 2008
Wilson National has advised brokers to turn to white labelling as commissions are slashed and lenders – such as... READ MORE
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New enhancements added to Basel II Framework
by Staff Reporter • 18 Apr 2008
The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience... READ MORE
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BoE plans to unblock credit markets
by Staff Reporter • 18 Apr 2008
The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for... READ MORE
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Adelaide house price growth nation?s fastest
by Staff Reporter • 18 Apr 2008
Adelaide’s residential property sector is the fastest growing capital city market in Australia, RP Data’s... READ MORE
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New partnership to boost Firstfolio?s footprint
by Staff Reporter • 17 Apr 2008
Mortgage manager Firstfolio has announced a new distribution partnership with Queensland mortgage services group... READ MORE
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Sydney residential market growth best on east coast
by Staff Reporter • 17 Apr 2008
Results of the Australian Property Institute’s Australian Property Directions Survey, released yesterday,... READ MORE
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First Permanent withdraws from market
by Staff Reporter • 17 Apr 2008
First Permanent has reportedly withdrawn from the mortgage market. READ MORE
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ASF says it will continue financing seniors
by Staff Reporter • 17 Apr 2008
Contrary to reports in the trade press, Australian Seniors Finance (ASF) has confirmed with Mortgage Business that the... READ MORE
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Australian borrowers less concerned about rate rises: Mortgage Choice
by Staff Reporter • 16 Apr 2008
Data released by Mortgage Choice today showed that borrower demand for fixed-rate home loans is slowing. READ MORE
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Commissions cuts prompt media attack on brokers
by Staff Reporter • 16 Apr 2008
The Westpac announcement to cut broker commissions has given further cause to sections of the Australian media to... READ MORE
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RBA won?t bail out insolvent institutions
by Staff Reporter • 16 Apr 2008
RBA governor Glenn Stevens yesterday revealed that the bank’s approach to any flailing domestic institutions... READ MORE
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Capital city property markets steady in March
by Staff Reporter • 16 Apr 2008
The first round of data on residential property performance for March was released yesterday, indicating a still... READ MORE
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Lenders? rate rises dampen consumer demand: RBA
by Staff Reporter • 15 Apr 2008
Minutes from the RBA’s April meeting released today suggest that banks and lenders’ independent rate rises... READ MORE
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Commercial finance commitments fall
by Staff Reporter • 15 Apr 2008
Lending finance figures released today indicated that 12 year high interest rates are taking their toll not just on... READ MORE
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Wachovia?s earnings slide from sub-prime exposure
by Staff Reporter • 15 Apr 2008
One of America’s largest banks, Wachovia, reported a net loss for the first quarter of 2008 of US$393 million... READ MORE
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MFAA calls on Government to secure funding sources
by Staff Reporter • 15 Apr 2008
The MFAA has urged the Government to consider implementing an Australian version of the Canadian Mortgage and Housing... READ MORE
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Westpac commission cuts surprise aggregators
by Staff Reporter • 14 Apr 2008
After months of speculation Westpac has broken ranks from the big four banks and reduced broker commissions. READ MORE
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Housing finance commitments slide
by Staff Reporter • 14 Apr 2008
Despite a slight increase in housing financing commitments for January, figures released today for February confirm... READ MORE
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Mortgage Lenders Council?s Canberra talks show promise
by Staff Reporter • 14 Apr 2008
Rapidly changing market conditions could prompt the resurrection of the Mortgage Lenders Council – with a key... READ MORE