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Archive for the Banking category

Dec

Non-bank lenders

posted by admin in Banking, Housing Market

The federal government has proposed to allocate $4 billion into the residential mortgage-backed securities market. This brings the amount of funds originated by the government for this purpose to $20 billion. While it remains a far cry from the peak funding which this market attracted during the boom...Read more...

Sep

Banks to reduce deposit rates

posted by admin in Banking, Mortgage Refinancing

comments (3)

It seems the competition between banks has taken another twist. Whereas for most of 2010 and even before, banks have eagerly been competing for deposit funds, but recent moves by several banks suggest that the deposit race may have peaked. Major banks are cutting deposit rates as they become more...Read more...

Sep

Are credit unions a better alterative to banks?

posted by admin in Banking, Home Loans

comments (2)

Credit unions and banks appear to have been at loggerheads over claims that television advertisements have been deceptive in their claims. The television ad claimed that home loan borrowers could save tens of thousands of dollars by taking out a mortgage with a credit union. The banks complained that...Read more...

Aug

Smaller Banks have muscle

posted by admin in Banking, Refinancing Home Loans

comments (0)

There is some good news for mortgage consumers and home buyers. Second tier banks are in the capital markets seeking to raise capital to win back market share from the Big Four. Australia's Big Four banks have spent millions of dollars over recent months and latest data shows it's paying off. The push...Read more...