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Commercial property strong investment choice in turbulent times
by Staff Reporter • 7 May 2008
Despite uncertain economic conditions commercial property opportunities remain strong for investors, according to...READ MORE
St George announces strong H1 result
by Staff Reporter • 6 May 2008
St George delivered a record first half cash profit of $603 million today, 6.2 per cent up from the corresponding... READ MORE
US lending standards tightened across the board
by Staff Reporter • 6 May 2008
The number of American banks that had tightened their lending standards increased significantly over the three months... READ MORE
Rates on hold as demand slows
by Staff Reporter • 6 May 2008
The RBA has decided to leave the cash rate unchanged at 7.25 per cent.
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Bleak outlook for industry growth: AFG
by Staff Reporter • 6 May 2008
April mortgage sales for aggregation group Australian Finance Group (AFG) could reflect a significant slowdown in... READ MORE
Brokers flock to white labelling
by Staff Reporter • 5 May 2008
Rising funding costs, shrinking liquidity and uncertainty over broker commissions have fuelled a surge of broker... READ MORE
House prices feel brunt of high interest rates
by Staff Reporter • 5 May 2008
House price indexes released by the ABS today confirmed that housing markets have slowed markedly because of the... READ MORE
Bendigo Bank hikes variable rate
by Staff Reporter • 5 May 2008
Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday.
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Fed announces further measures to improve liquidity
by Staff Reporter • 5 May 2008
The US Federal Reserve (Fed) announced an expansion of its liquidity measures on Friday to counteract persistent... READ MORE
Building approvals down, worse to come: MBA
by Staff Reporter • 2 May 2008
Building approvals slumped in March, data from the ABS has revealed yesterday.
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Australians' financial savvy still has some way to go
by Staff Reporter • 2 May 2008
Mortgage lenders and brokers have their work cut out for them with almost half of Australians believing they can... READ MORE
BoE says banks overstate losses
by Staff Reporter • 2 May 2008
UK banks have overstated sub-prime related losses, which is likely to delay any improvements in confidence levels in... READ MORE
No commission cuts from ANZ
by Staff Reporter • 2 May 2008
ANZ has broken its silence on broker commissions, confirming exclusively with Mortgage Business this afternoon that no... READ MORE
New home sales hit by high interest rates
by Staff Reporter • 1 May 2008
New home sales figures released yesterday by the Housing Institute of Australia (HIA) show that high interest rates... READ MORE
Westpac delivers strong profit result
by Staff Reporter • 1 May 2008
Westpac this morning delivered a “robust” net profit for the six months ending 31 March 2008 of $2,202... READ MORE
US rates down to 2pc
by Staff Reporter • 1 May 2008
The Federal Reserve’s Federal Open Market Committee lowered the United States’ official cash rate... READ MORE
New St George commissions structure wins aggregator approval
by Staff Reporter • 1 May 2008
St George announced yesterday that from 1 June 2008 it will change the way mortgage brokers earn their commissions.... READ MORE
Rate rises stunt property price growth
by Staff Reporter • 30 Apr 2008
March quarter housing figures released today by Australian Property Monitors (APM) have revealed that property markets... READ MORE
US foreclosures up more than 100pc
by Staff Reporter • 30 Apr 2008
Foreclosure filings increased in the United States by 23 per cent in the March quarter 2008 to 649,917, online real... READ MORE
S&L and Austral CU merger likely
by Staff Reporter • 30 Apr 2008
Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne... READ MORE
Credit union M&As set to increase
by Staff Reporter • 30 Apr 2008
Moody’s Investors Service (Moody’s) said today that the credit outlook for the Australian credit union... READ MORE
NAB reveals alternatives to broker commission cuts
by Staff Reporter • 30 Apr 2008
National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts.
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St George latest to rethink broker commissions
by Staff Reporter • 30 Apr 2008
St George announced this afternoon that from 1 June 2008 it will change the way mortgage brokers earn their... READ MORE
Uncertain outlook for building societies: Moody's
by Staff Reporter • 29 Apr 2008
The outlook for Australian building societies has been labelled "negative" by Moody’s in its... READ MORE
New home building to lag until 2009/10
by Staff Reporter • 29 Apr 2008
The new home building cycle is unlikely to see any significant upturn until 2009/10, the Housing Institute of... READ MORE
Second largest UK lender halves maximum loan size
by Staff Reporter • 29 Apr 2008
Dry funding markets are accelerating mortgage rationing in the UK, with Nationwide Building Society –... READ MORE
No plans to cut broker commissions: NAB
by Staff Reporter • 28 Apr 2008
National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of... READ MORE
Westpac hikes variable interest rates
by Staff Reporter • 28 Apr 2008
Westpac today announced a rise of 0.10 per cent to its standard variable home lending rate, effective Friday 2 May... READ MORE
Interest rates hammer Melbourne property market
by Staff Reporter • 28 Apr 2008
Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of... READ MORE
More commission cuts on the cards
by Staff Reporter • 28 Apr 2008
Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those... READ MORE
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