AIMS Home Loans (AIMS) informed brokers yesterday that it had temporarily suspended new applications for its low-doc and no-doc products.
The Commonwealth Bank (CBA) today confirmed its intention to reduce third-party commissions.
Despite a number of lenders recently exiting third-party distribution major funders are not expected to follow.
The RBA bought a further $780 million in RMBS yesterday to improve the flow of much-needed liquidity in the securitisation market.
Bank of America has delivered a disappointing earnings announcement for the first quarter of 2008 of US$1.21 billion.
BankWest has moved to boost third-party market share through guaranteeing broker commissions until the end of the year with six major aggregation groups.
Data released by the ABS on Friday revealed building activity fell in the December quarter by $16 billion, or 4.3 per cent, seasonally adjusted.
The RBA bought $320 million worth of mortgage-backed securities on Friday, according to The Sydney Morning Herald.
Capital Securities’ funding lines have reportedly been put on hold as a result of ratings downgrades to the two parent companies of mortgage insurers PMI and MGIC.
The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience of the international banking system.
Industry heads have been “working tirelessly” to delay the in...
Former Bluestone executive Royden D’Vaz has joined Loan Market ...
The federal government’s funds manager has revealed the recipi...