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RAMS improves turnaround times
by Staff Reporter • 26 May 2009
In an update released to the market last week RAMS said it expected servicing level agreements to be under 10 days by... READ MORE
Mortgage lending dominated by just two banks
by Staff Reporter • 25 May 2009
According to Core Data’s Australian Mortgage Report for Q2 2009, released today, in March 2009 the big four... READ MORE
Funding boost for Resimac
by Staff Reporter • 22 May 2009
The deal was the result of a mandate awarded to Resimac by the AOFM in April – the second government investment... READ MORE
Positive signs for credit markets as NAB ditches guarantee
by Staff Reporter • 22 May 2009
The bank issued $1 billion in five year notes at 230 basis points over the London inter-bank offered rate (LIBOR),... READ MORE
Banks in hot water over billion dollar fees
by Staff Reporter • 22 May 2009
According to the RBA, the largest 18 banking institutions received $11.586 billion in fees in 2008 – an annual... READ MORE
Financial planning association committed to fee-for-service transition
by Staff Reporter • 21 May 2009
In a statement released yesterday, the FPA revealed that it had been inundated with questions and concerns off the... READ MORE
Banks warned to limit lending
by Staff Reporter • 21 May 2009
The major banks have enjoyed increasing demand for their loans in recent months as a result of the exit of a number... READ MORE
St George pulls personal loans
by Staff Reporter • 19 May 2009
Effective this Friday May 22 brokers will no longer have access to St George personal loans.
Steven Heavey, St... READ MORE
Australians ill-equipped for rising unemployment, unexpected costs
by Staff Reporter • 18 May 2009
According to Bankwest’s survey of 1,144 Australians released today, 38 per cent don’t save a cent on a... READ MORE
UK lenders engage borrowers to help stem repossessions
by Staff Reporter • 18 May 2009
In the first quarter of the year UK lenders made 12,800 repossessions, the Council of Mortgage Lenders (CML) said... READ MORE
Genuine savings quickly becoming the norm
by Staff Reporter • 18 May 2009
Bankwest and Homeloans Ltd are two of the latest lenders to implement genuine savings requirements.
Effective today... READ MORE
Tighter lending policies a concern for brokers
by Staff Reporter • 15 May 2009
Alison Whittle, director of operations at Tiffen and Co. and The Mortgage Detective in Canberra, told Mortgage... READ MORE
Balance sheet funds drive non-bank "renaissance"
by Staff Reporter • 14 May 2009
According to ABS data the non-bank’s share of the residential mortgage market has fallen to just under 8 per... READ MORE
CBA warns of rising bad debts
by Staff Reporter • 14 May 2009
Commenting on the bank’s March quarter update yesterday CBA chief executive Ralph Norris said operating... READ MORE
Leading central banker says global economy past the worst
by Staff Reporter • 12 May 2009
“We are, as far as growth is concerned, around the inflection point in the cycle,” Mr Trichet said... READ MORE
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