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Australians are increasingly refinancing their mortgages through brokers, with the refinancing of loans taking up a larger percentage of new loan approvals, according to Australian Finance Group month.. read more

There have been two rises of 25 basis points in the Reserve Bank of Australia's cash rate target since August 2007, but many rates on many business banking products have increased substantially since.. read more

Margin lenders CommSec and St George Bank made record numbers of margin calls on Monday night and after yesterday’s All Ordinaries 409 point drubbing, with another record in the making last nigh.. read more

Margin lending clients are being hit from both directions, with not only falling stock prices causing concern, but also the upward trend in margin lending rates, which is outpacing official cash rate.. read more

With the current Australian personal credit environment deteriorating due to rising interest rates, more opportunities for debt collectors to purchase bank debt can arise. read more

The passing of the cyclical peak in the Australian mortgage market in mid 2007 (with monthly finance commitments of more than $22 billion on a trend basis) is proving testing for plenty of business mo.. read more

The current national advertising campaign of aggregator X Inc Finance emphasises a 92 basis point discount on interest rates to borrowers, a somewhat discordant claim at a time banks are thought to be.. read more

mecu has become the first Australian credit union to receive a separate credit rating from  Standard & Poor's, which yesterday advised that it allocated a long-term credit rating of  BBB.. read more

New CEO of IMB, Robert Ryan, said it will not have to enter the securitisation market in the next twelve months. read more

"Strategically, I am sitting down at the moment and sorting through it," said new IMB CEO, Robert Ryan. read more