NZ broker buys 'kiwi-shaped' fruit
Well-known NZ mortgage broker, Mike Pero, has made headlines on both sides of the Tasman after paying a small fortune for a feijoa (a native NZ fruit) that bizarrely grew into the shape of a Kiwi bird.
NAB reclaiming margin
The big banks have used the last RBA rate cut to reclaim lost margin explained NAB's regional general manager Matt Lawler at the NAB Broker roundtable
Draft bill: All brokers to be licensed by mid-2010
As part of the proposed new National Consumer Credit Protection Bill released today, brokers will have to register with ASIC before the end of the year and all will need to be licensed by 30 June next year.
Off the cuff: Kathy Cummings
CBA's top mortgage boss told Australian Broker about her days as a taxi driver and a few things more...
Confusion reigns over fate of boosted FHOG
Yesterday the prime minister indicated the boosted first home owners grant would not be extended beyond the 30 June. Today, reports in the Daily Telegraph and Herald Sun suggested it would be extended when the Budget is announced on 12 May.
Westpac cuts LVR for new bank clients
Westpac has cut its maximum LVR for new borrowers who are not already a client of the bank.