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.

Australia and New Zealand Banking Group (ANZ) today announced a profit after tax for the six months ending 31 March 2008 of $1,963 million – a seven per cent decrease fro...

The Bank of England (BoE) yesterday released details of its Special Liquidity Scheme, which effective immediately will allow banks to temporarily swap high-quality mortgage-bac...

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.

US government-sponsored Freddie Mac agreed last week to purchase billions of dollars of new conforming jumbo mortgages with original loan amounts of up to US$729,750 ($782,000)...

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.

Wilson National has advised brokers to turn to white labelling as commissions are slashed and lenders – such as Credit Union Australia – start to abandon third-part...

The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience of the international banking system.