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FirstMac’s servicing level upgraded
by Staff Reporter • 15 Dec 2009
FirstMac’s residential loan servicer ranking has been upgraded by Standard & Poor's from ‘above average’ to...READ MORE
Bankrupt broker convicted of fraud
by Staff Reporter • 15 Dec 2009
A bankrupt mortgage broker has been convicted on two counts of fraud, following charges brought by the Australian... READ MORE
Mortgage market to fall in 2010: MISC report
by Staff Reporter • 14 Dec 2009
The home loan market contracted significantly over the last quarter and is projected to contract further next year,... READ MORE
Westpac to sell RMBS
by Staff Reporter • 14 Dec 2009
Westpac looks set to become the first major bank to sell residential mortgage backed securities (RMBS) in more than two... READ MORE
Competitive pricing returning to mortgage market
by Staff Reporter • 14 Dec 2009
In a sign that competition is starting to re-emerge in the market, another non-bank lender has launched a suite of... READ MORE
Homebuyers out in force
by Staff Reporter • 14 Dec 2009
Auctions have ended this year on a high note, following strong weekend clearances in Australia’s four largest auction... READ MORE
Omniwealth launches brokerage arm
by Staff Reporter • 14 Dec 2009
Omniwealth, a financial planning dealer group, has decided to diversify into mortgage broking.
READ MORE
Median house price up $20,000
by Staff Reporter • 14 Dec 2009
The median house price in Australia has climbed almost $20,000 during the September quarter, according to Mortgage... READ MORE
Rates to rise in February
by Staff Reporter • 11 Dec 2009
The unemployment rate has fallen 0.1 per cent to 5.7 per cent in November, bolstering views that the Reserve Bank will... READ MORE
Macquarie raises $215 RMBS
by Staff Reporter • 11 Dec 2009
Macquarie Bank may be looking to ramp up its lending capacity after internally securitising $215 million worth of... READ MORE
Liberty strengthens third-party team
by Staff Reporter • 11 Dec 2009
Liberty has appointed John Mohnacheff to the role of group sales manager – personal business.
READ MORE
BoQ "a contender" to major banks
by Staff Reporter • 11 Dec 2009
Bank of Queensland chief executive David Liddy has called on the Australian Competition and Consumer Commission (ACCC)... READ MORE
Dishonest insurance broker on five year bond
by Staff Reporter • 11 Dec 2009
A former NSW insurance broker has been put on a five year good behaviour bond in relation to charges brought by the... READ MORE
Market ripe for smaller lenders: Loan Market
by Staff Reporter • 11 Dec 2009
Loan Market Group’s executive chairman Sam White said 2010 would herald the return of non-bank lenders to the... READ MORE
AFM lifts rates by just 0.1pc
by Staff Reporter • 10 Dec 2009
In a bid to increase their competitive stance in the Australian mortgage industry, Australian First Mortgage has... READ MORE
NZ keeps rates on hold at 2.5pc
by Staff Reporter • 10 Dec 2009
The Reserve Bank of New Zealand has decided to keep the official cash rate on hold at 2.5 per cent for the seventh... READ MORE
NAB claws for market share with new guerrilla marketing campaign
by Staff Reporter • 10 Dec 2009
While the National Australia Bank (NAB) has said it cannot rule out the possibility of raising its variable mortgage... READ MORE
Lending for new homes soars
by Staff Reporter • 10 Dec 2009
Lending for the construction of new homes rose dramatically in October, figures from the Australian Bureau of... READ MORE
Industry first as Connective employs ‘conversion coordinator’
by Staff Reporter • 10 Dec 2009
In a bid to keep lender errors in check and broker conversion rates high, Connective has employed a quality and... READ MORE
Major bank to review broker commissions
by Staff Reporter • 10 Dec 2009
There’s growing industry speculation that one of the major banks is gearing up to pay greater commissions to its... READ MORE
MFAA pushes lenders on minimum requirements from brokers
by Staff Reporter • 9 Dec 2009
The MFAA will seek to define the characteristics of a professional broker, which it hopes will prompt lenders to... READ MORE
Bank regulations threaten mortgage holders
by Staff Reporter • 9 Dec 2009
Tighter banking regulations could force homeowners and businesses to pay higher interest rates.
READ MORE
Homeowners brace for further rate rises
by Staff Reporter • 9 Dec 2009
Homeowners can expect a further two rate rises in February and March, NAB’s chief economist Alan Oster has... READ MORE
Second tier lenders increase rates above RBA hike
by Staff Reporter • 8 Dec 2009
Almost all of the second tier lenders have followed the lead of CBA, Westpac and ANZ and lifted variable mortgage rates... READ MORE
Suncorp completes executive overhaul
by Staff Reporter • 8 Dec 2009
Suncorp’s chief executive officer Patrick Snowball has completed his overhaul of the company’s executive ranks by... READ MORE
Westpac defends rate hike
by Staff Reporter • 8 Dec 2009
Westpac’s chief executive officer Gail Kelly has defended the bank’s decision to increase its variable mortgage... READ MORE
Job ad strength suggests economic recovery
by Staff Reporter • 8 Dec 2009
The total number of jobs advertised in the major metropolitan newspapers and on the internet rose by 5.2 per cent in... READ MORE
NSW borrowers worst for repaying mortgages
by Staff Reporter • 8 Dec 2009
Some postcodes in Australia have been more vulnerable to the recent rate rises, a new report by Fitch Ratings has... READ MORE
Cash rate to peak at 4.5pc: Westpac
by Staff Reporter • 8 Dec 2009
The official cash rate will only hit 4.5 per cent in 2010, Westpac’s chief economist Bill Evans has claimed.
READ MORE
Homeloans Ltd takes fight to the majors
by Staff Reporter • 7 Dec 2009
Homeloans Ltd has become the first lender outside of the big four banks to stay in line with the Reserve Bank and raise... READ MORE
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