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Housing construction improves slightly

by Staff Reporter • 16 Dec 2009
The government’s first home owner boost, together with very low variable mortgage rates, has helped to drive an...READ MORE

Fixed rate popularity slides further

by Staff Reporter • 16 Dec 2009
The demand for fixed rates continues to drop, with fixed rate products now accounting for just 2.3 per cent of all new... READ MORE

Brokerages get licence ready

by Staff Reporter • 16 Dec 2009
With the new licensing laws still six months away, many aggregators and brokerages are already claiming to be... READ MORE

Credit unions, building societies enjoy double-digit growth

by Staff Reporter • 16 Dec 2009
Official statistics released by the Australian Prudential Regulation Authority (APRA) yesterday show double digit home... READ MORE

Competition yet to return: brokers

by Staff Reporter • 16 Dec 2009
While there's now little difference in the interest rates offered by the major banks, second tier and non-bank lenders,... READ MORE

Smaller lenders take on big banks

by Staff Reporter • 15 Dec 2009
Mortgage rates have opened up as smaller lenders undercut the majors giving brokers better options for their... READ MORE

UK mortgage lending hits 2yr high

by Staff Reporter • 15 Dec 2009

Mortgage lending in the United Kingdom is at its highest level since December 2007.

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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.

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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.

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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.

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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
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