Despite the recent woes some brokers are facing of increasing regulation and reduced commission. The majority of lenders are still committed to the broker channel and see it as an important business stream.

To emphasis their support Citibank has incorporated a promotional mortgage broker clip into their most recent ALF Home Loan campaign. The video can be viewed here.

Reserve Bank cuts interest rates
The Reserve Bank has cut interest rates for the first time in almost seven years, reducing the official cash rate by 25 basis points to 7 per cent. NAB, Commonwealth Bank, Westpac and ANZ moved to cut variable interest rates after the RBA announcement.

Stand by for two years of interest rate cuts
In the wake of the decision by Wizard Home Loans to cut rates by .25 of a per cent, making it the first leader to cut its variable interest rate in seven years, Mr Eslake is forecasting two years of cuts.

CBA to buy 33% stake in Aussie Home Loans
Commonwealth Bank of Australia Ltd, the country No. 2 lender, agreed to buy a 33 percent stake in mortgage broker Aussie Home Loans, as Australian banks swoop on opportunities created by the global credit crisis.

Spring ahead
Sellers hope it's not just the weather that heats up this spring. Traditionally, buyers become more enthused and gardens are at their best.

Dragon stokes up in home loans market
St George bank has returned to one of its more traditional sources of funding - the once-cheap home loans investment market - to raise just over $1 billion towards its estimated $12 billion financing needs for the current year.

The MFAA CPD program requires AMCs, AFCs & CMCs with two or more years experience to earn 25 Continuing Professional Development (CPD) points per year. AMCs and AFCs with less than two years experience are required to earn 30 CPD points per year and participate in Mentoring.

CPD Qualifying Activity 10 awards a maximum of 5 points annually for the 'Reading of Technical Papers and Industry Publications'. CPD points are granted at a rate of 1.5 point for every 4 hours of involvement. In addition to providing links to a selection of Industry Publications each month, Walker & Miller will provide conformation of your subscription to the eNewsletter, enabling you to document your progress, at the beginning of each financial year.

More Information on the MFAA CPD program

If you feel that a colleague would benefit for receiving this email please don't hesitate to invite them using the link below.