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S&P raises ratings on Pepper?s loans

by Staff Reporter • 28 Apr 2008
Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust...READ MORE

ANZ and NAB hike rates

by Staff Reporter • 28 Apr 2008
ANZ and NAB both announced ten basis point increases to their standard variable mortgage rates over the long... READ MORE

GE reaffirms commissions guarantee

by Staff Reporter • 28 Apr 2008
GE Money Third Party Solutions (GE Money) has reaffirmed it will guarantee broker commissions on its prime mortgage... READ MORE

Nationwide Lending secures GE Money funding accreditation

by Staff Reporter • 24 Apr 2008

Nationwide Lending has entered into a new funding partnership with GE Money Third Party Solutions (GE Money).

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Aussie mortgage stress on the rise

by Staff Reporter • 24 Apr 2008
Around 13 per cent of Australian households are in mortgage stress according to JPMorgan’s Anatomy of Australian... READ MORE

Fitch rates Kingfisher Trust 2008-1 AAA

by Staff Reporter • 24 Apr 2008

Fitch Ratings yesterday rated an $11.23 billion ANZ mortgage-backed issue ‘AAA’.

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New funding, pricing for Collins Securities

by Staff Reporter • 24 Apr 2008
Collins Securities has relaunched its product range with more competitive pricing after securing a new funding... READ MORE

CPI rises 1.3 per cent

by Staff Reporter • 23 Apr 2008

The headline consumer price index (CPI) rose 1.3 per cent in the March quarter, ABS figures revealed today.

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AIMS suspends product ranges

by Staff Reporter • 23 Apr 2008
AIMS Home Loans (AIMS) informed brokers yesterday that it had temporarily suspended new applications for its low-doc... READ MORE

CBA to cut broker commissions

by Staff Reporter • 23 Apr 2008

The Commonwealth Bank (CBA) today confirmed its intention to reduce third-party commissions.

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Industry backs broker channel despite lender withdrawals

by Staff Reporter • 23 Apr 2008
Despite a number of lenders recently exiting third-party distribution major funders are not expected to follow.... READ MORE

Seven pc drop to ANZ profit

by Staff Reporter • 23 Apr 2008
Australia and New Zealand Banking Group (ANZ) today announced a profit after tax for the six months ending 31 March... READ MORE

Bank of England liquidity scheme launched

by Staff Reporter • 22 Apr 2008
The Bank of England (BoE) yesterday released details of its Special Liquidity Scheme, which effective immediately will... READ MORE

RBA moves again to stimulate RMBS market

by Staff Reporter • 22 Apr 2008
The RBA bought a further $780 million in RMBS yesterday to improve the flow of much-needed liquidity in the... READ MORE

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... READ MORE

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

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

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

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... READ MORE

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

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

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

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

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

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

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

First Permanent withdraws from market

by Staff Reporter • 17 Apr 2008

First Permanent has reportedly withdrawn from the mortgage market.

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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

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.

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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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