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Banks profit in time of global uncertainty
by Staff Reporter • 12 Nov 2007
Australia’s major banks have posted record profits largely off the back of a strong economy and the flow on... READ MORE
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US legislation overhauls mortgage lending practices
by Staff Reporter • 9 Nov 2007
The US House Committee on Financial Services has approved new mortgage reform legislation to curb predatory lending... READ MORE
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NAB first 'big four' bank to lift rates
by Staff Reporter • 9 Nov 2007
NAB has announced a 0.25 per cent increase on their variable home loan rate. READ MORE
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Rate rise hits home, warns MBA
by Staff Reporter • 9 Nov 2007
Building and construction group Master Builders Australia (MBA) has raised concerns that the RBA’s latest 25... READ MORE
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Mutuals post healthy returns
by Staff Reporter • 9 Nov 2007
Credit unions and building societies posted strong performances in 2007 according to KPMG’s Financial... READ MORE
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MGIC confident about Australian lending but warns of further US pain
by Staff Reporter • 8 Nov 2007
Mortgage insurer MGIC today warned that a battered US lending industry faced further pain when a credit crisis peaks... READ MORE
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Wizard, PodProperty launch initiative to facilitate co-ownership
by Staff Reporter • 7 Nov 2007
Wizard Home Loans has joined forces with co-ownership legal service provider PodProperty to provide specialised... READ MORE
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Expected rate rise confirmed
by Staff Reporter • 7 Nov 2007
Interest rates climbed to 6.75 per cent this morning following yesterday’s RBA board meeting. READ MORE
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Virgin Money Australia eyes local acquisitions
by Staff Reporter • 6 Nov 2007
Acquisitions could be on the cards for Virgin Money Australia. The announcement comes after counterpart Virgin Money... READ MORE
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Fixed rate loans on the rise
by Staff Reporter • 6 Nov 2007
The proportion of property buyers opting for fixed-rate mortgages has soared 40 per cent in the past three months,... READ MORE
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Liberty reacts to changing market
by Staff Reporter • 6 Nov 2007
Despite stark differences between the US and Australian sub-prime markets domestic non-conforming lenders are feeling... READ MORE
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Mackay Permanent not swayed by Wide Bay bid
by Staff Reporter • 5 Nov 2007
The Bank of Queensland’s (BoQ) bid for a merger with Mackay Permanent Building Society (MPBS) remains strong as... READ MORE
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Settlement volumes still strong says Deloitte
by Staff Reporter • 5 Nov 2007
Lending growth in Australia is strong despite the impact of tightening global credit markets according to Deloitte. READ MORE
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Strong growth in Australian housing market
by Staff Reporter • 2 Nov 2007
Australian residential property prices grew by a stunning 12.34 per cent over the last year in spite of spiralling... READ MORE
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US rates slashed to buoy economy
by Staff Reporter • 2 Nov 2007
The Federal Reserve has cut rates by 25 basis points to 4.5 per cent in response to fears of a slowing US economy. READ MORE
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St George reports steady growth in home loan lending
by Staff Reporter • 2 Nov 2007
St George Bank’s residential loan portfolio (including securitised loans) reached its 10-12 per cent annual... READ MORE
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Firstfolio strengthens presence in high-growth Queensland markets
by Staff Reporter • 1 Nov 2007
ASX-listed Firstfolio Ltd has ramped up its sales and distribution presence in the north Queensland and Gold Coast... READ MORE
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Lenders to take rate rise in their stride
by Staff Reporter • 1 Nov 2007
A rate rise is not expected to have a significant impact on mortgage lending, Stephen Halmarick Citi director co-head... READ MORE
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Defaults rise across Australia
by Staff Reporter • 31 Oct 2007
Credit defaults have increased dramatically over the past 12 months as rising interest rates and income hardships hit... READ MORE
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Hunter credit unions merger shelved
by Staff Reporter • 31 Oct 2007
Plans for Hunter Valley-based Companion Credit Union, Hunter United Employees’ Credit Union and Phoenix Credit... READ MORE
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Macquarie RMBS attracts strong demand
by Staff Reporter • 30 Oct 2007
The PUMA Masterfund S-5 RMBS transaction – the first Australian RMBS consisting entirely of stated income loans... READ MORE
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Wide Bay launches $56.6 million takeover bid for Mackay Permanent
by Staff Reporter • 30 Oct 2007
Wide Bay Australia yesterday announced an off-market takeover bid for Mackay Permanent Building Society (MPBS). READ MORE
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Staff, product cuts to safeguard Pepper?s future
by Staff Reporter • 29 Oct 2007
Pepper Homeloans has shelved two products and axed 19 staff members in the past two weeks as jittery capital markets... READ MORE
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Low doc loans still popular despite rate increases
by Staff Reporter • 29 Oct 2007
The low doc loan market grew by 26 per cent to reach $8.4 billion last year, despite being hampered by surging... READ MORE
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Mortgage Business unveils new print magazine and daily updated news...
by Staff Reporter • 29 Oct 2007
Mortgage Business today announced the launch of its print publication, which will hit desks across Australia over the... READ MORE