Mortgage brokers brace for shake-out as boom turns to bust – when Marvellous Melbourne was the fastest growing city in the British Empire. Mortgage rates of 19 per cent in the early ’90s tamed demand for a time but broker numbers continued to grow, encouraging.
Australia home prices’ long decline pauses on rate cut prospects – Sydney saw prices rise 0.3% for the week and Melbourne firmed 0.1%. have scaled back estimates for how far prices may ultimately drop. Property and mortgage brokers who spoke to Reuters last week.
Massive fraud link to major mortgage broker – The Melbourne man at the centre of an alleged $110 million mortgage fraud holds a senior position in one. high-profile incidents targeting the big lenders by brokers or accountants that rely on.
Two mortgage brokers charged with alleged $110m bank loan fraud – Two Melbourne mortgage brokers have been charged with defrauding major banks and other financial institutions in the home loan scam, alleged to be one of the biggest of its kind in Australia. A third.
Betting the house: investors demand higher premiums for risky Australian mortgage bonds – David Bailey, chief executive of mortgage broker and RMBS-issuer Australian Finance Group, said demand for the products remained very strong despite some change to the returns in the lower tranches..
Melbourne auction clearance rate drops 22 per cent across 2018 – Mortgage Choice chief executive susan mitchell said home. “According to our network of brokers in Melbourne, the tightened lending environment that developed throughout 2018, and is likely to.
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Concern as property developers treble commissions for agents – Jason South JPS Developers are offering a new round of commission payments to mortgage brokers and financial advisers that. are on offer for apartments in West Melbourne plus lucrative rental deals.
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Buyer fears home loan plan will increase competition – The couple, who live in Carlton, an inner Melbourne suburb, are taking a calculated punt. rigorous scrutiny of their capacity to service the loans, according to mortgage brokers. Several lenders,
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Several property and mortgage brokers who spoke to Reuters on Friday also said they. clearance rates nudged above 60% for the two biggest cities of Sydney and Melbourne, compared to 50%-57% over.
Mortgage broker caution needed: RBA – Making customers pay for mortgage brokers up front will cause "legitimate competition. Hayne has done a very sound and very responsible job," Mr Morrison told reporters in Melbourne. "He’s been.
Mortgage fraud is the dirty secret that could spark a financial meltdown, economist warns – NAB is the latest bank to launch an investigation after receiving a tip-off about a mortgage broker involved in a new tower development in Melbourne’s Southbank. It comes as lenders instruct brokers.
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