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Weak first quarter for mortgage sales: AFG

by Staff Reporter • 8 Apr 2008
Leading mortgage aggregator AFG today reported falls in mortgage sales for the first three months of the year,...READ MORE

ING mortgage portfolio now Australia?s sixth largest

by Staff Reporter • 8 Apr 2008
ING DIRECT has announced an 18 per cent increase in annual profit to $171.2 million for the 12 months ending 31... READ MORE

ANZ prepares for $1 billion in bad debt

by Staff Reporter • 8 Apr 2008
ANZ has bolstered its default provision for credit impairments to almost $1 billion, the bank’s chief executive... READ MORE

Chronic housing shortage looming: Master Builders

by Staff Reporter • 8 Apr 2008
Dwelling approvals released yesterday by the ABS showed barely any sign of change for February, and are now falling in... READ MORE

Big banks' exit fees dwarf credit unions?

by Staff Reporter • 7 Apr 2008
Australia’s big five banks are slugging borrowers far higher exit fees than smaller lenders or credit unions,... READ MORE

RBA backs lenders? rate hikes

by Staff Reporter • 7 Apr 2008
RBA governor Glenn Stevens has given his support to Australian lenders that pass on higher funding costs to... READ MORE

Wide Bay confident of profit expectations, despite higher funding...

by Staff Reporter • 7 Apr 2008
Wide Bay Australia has confirmed expectations it will achieve a 12 per cent increase in net for profits for the... READ MORE

Mortgage Lenders Council back on non-bank agenda

by Staff Reporter • 7 Apr 2008
Loss of market share to the banks has prompted a number of non-bank lenders to consider the possibility of... READ MORE

Australian economy highly vulnerable to housing slumps

by Staff Reporter • 4 Apr 2008
Australia has the fourth easiest access to housing credit in the world, the International Monetary Fund (IMF) World... READ MORE

Rents to double in four years

by Staff Reporter • 4 Apr 2008
Median asking rents rose by double digits in all capital cities over the last 12 months, Australian Property... READ MORE

MFAA warns of ?back to the future? danger for industry

by Staff Reporter • 4 Apr 2008

The MFAA has called for action to ensure competition in the mortgage industry.

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PLAN Australia founder to spearhead Challenger aggregation interests

by Staff Reporter • 3 Apr 2008
Challenger Mortgage Management today announced the appointment of Alex Moulieris as general manager, broker... READ MORE

It?s business as usual for Origin

by Staff Reporter • 3 Apr 2008
Contrary to reports in the daily and mortgage industry press, Origin – ANZ’s wholesale mortgage division... READ MORE

Pain to hit affluent housing markets

by Staff Reporter • 3 Apr 2008
Signs are beginning to appear that some of Australia’s more affluent housing markets are feeling the pinch,... READ MORE

Demand for loans drives UK lender to halt applications

by Staff Reporter • 3 Apr 2008
Online and telephone lender First Direct, a division of HSBC – one of Europe’s largest banks – has... READ MORE

Jury out on 10pc rates

by Staff Reporter • 2 Apr 2008

The industry is split over the possibility that home loan interest rates will hit the 10 per cent mark.

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Industry agrees on need for regulation, but not costs

by Staff Reporter • 2 Apr 2008
Financial institutions have a positive attitude towards increased regulation of the financial sector, The Report on... READ MORE

Genworth Hardship Program reaches significant milestone

by Staff Reporter • 2 Apr 2008
Mortgage Insurer Genworth Financial announced yesterday that is has now helped over 1,000 borrowers impacted by... READ MORE

Higher interest rates curb credit demand

by Staff Reporter • 2 Apr 2008
Higher interest rates are slowing Australians’ demand for debt, RBA credit aggregates for February have... READ MORE

Rates held steady at 7.25 per cent

by Staff Reporter • 1 Apr 2008

The RBA left rates unchanged today, as was widely expected, at 7.25 per cent.

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Maxis Loans ceases mortgage origination

by Staff Reporter • 1 Apr 2008

Maxis Loans ceased originating home loans yesterday, Monday 31 March.

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Australian property market remains resilient

by Staff Reporter • 1 Apr 2008
Despite reports in March that home values had taken a hit from rising interest rates, RP Data and Rismark’s... READ MORE

St George increases standard variable rate

by Staff Reporter • 1 Apr 2008
Following Westpac and NAB, St George yesterday increased its variable interest rates by 0.10 per cent to 9.47 per... READ MORE

February new home sales fall

by Staff Reporter • 1 Apr 2008
New home sales weakened in February, dropping by 5.3 per cent according to the Housing Institute of Australia... READ MORE

US reveals blueprint to bolster financial market regulation

by Staff Reporter • 1 Apr 2008
The US Treasury Department released its blueprint for an improved financial regulatory structure overnight, outlining... READ MORE

Westpac bumps extra 0.10pc on standard variable rates

by Staff Reporter • 1 Apr 2008

Westpac has lifted the interest rate on its standard variable home loan by 10 basis points.

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Dismal results for weekend auctions

by Staff Reporter • 31 Mar 2008
Auction results over the weekend highlight a rapidly changing property market, with clearance rates down in most... READ MORE

US to overhaul financial system

by Staff Reporter • 31 Mar 2008
U.S. Treasury Secretary Henry M. Paulson will hold a press conference today entitled Remarks on Financial Market... READ MORE

Major UK lender scraps loans

by Staff Reporter • 31 Mar 2008
The UK’s second largest lender, Nationwide Building Society, announced late last week that it would withdraw... READ MORE

Borrowers must shoulder rising funding costs

by Staff Reporter • 31 Mar 2008

Eight months on and the worsening liquidity crisis is crippling the profitability of mortgage lending.

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