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GMAC-RFC pilot program takes flight

Selected brokers from the FAST, Astute and The Mortgage Professionals aggregation groups will take part in GMAC-RFC’s launch into ...
April 23, 2021

The Lending Industry SML Initiative (LIXI) has appointed the MFAA and Pisces Group to its board at an annual general meeting this week.

October 25, 2007
The September quarter’s CPI figures indicated a 0.7 per cent rise in headline inflation for an annual rate of 1.9 per cent – fuelling speculation for a November rate rise....
October 24, 2007
Commonwealth Bank of Australia’s internet-based direct lending arm Homepath has reported a net profit loss of $7.7 million in the year to end-June, reports The Austral...
October 24, 2007

The lack of new housing in Australia coupled with an influx in migration is piling pressure on the nation’s economy.

October 23, 2007
Australia will strengthen its fight against money laundering and terrorism financing through the introduction of a host of new provisions to the Anti-Money Laundering and Count...
October 23, 2007
National aggregation firm The Brokerage has recruited ex-rugby league professional Joel Caine as head of key accounts NSW/ACT. Caine’s previous roles include business developm...
October 22, 2007

Low vacancy rates and housing affordability issues will see the Federal government’s promised tax cuts eaten by spiraling rent, warns The Australian.

October 21, 2007

Three Hunter Valley-based credit unions have announced plans to merge.

October 17, 2007
Australian First Mortgage (AFM) has reported a profitable end to the 2007 financial year. Overall the business achieved a Return on Equity (RoE) in excess of 40% for the 2006-0...
October 16, 2007

CBA recently bumped up its quarterly Line of Credit reference rate by a hefty 50 basis points.

October 15, 2007
Tightening global liquidity has rattled Australia's lending industry, with rising funding costs disrupting the long-term plans of industry heavyweights. But some observers are ...
October 15, 2007
Smartline has announced plans to boost its national presence to 300 franchises over the next five years — and is eyeing off the financial services sector as the ideal mar...
October 12, 2007
As funding costs continue to rise, some are questioning whether Australian lenders are vulnerable to the same fate as UK bank Northern Rock — which has shed almost 80 per...
October 04, 2007

Westpac Bank has snapped up non-bank lender RAMS Home Loans Group’s (RAMS) franchise distribution business for $140m, it announced today.

October 02, 2007
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Peter White and Mike Felton FBAA MFAA Associations call out majors for turnaround channel conflict

The FBAA and MFAA have hit out at the major banks regarding the d...

money graph up Choice loan book tops $80bn

The aggregation group has reported that its loan book exceeded a ...

loan application ‘Excessive’ loan discharge terms slammed

A Brisbane-based brokerage has called out the major banks for “...