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Mid-tier lenders receive $8bn RMBS boost

by Staff Reporter • 12 Oct 2009
Treasurer Wayne Swan announced yesterday that the government would buy up to $8 billion in mortgage bonds from small... READ MORE

Arrears slides on RMBS

by Staff Reporter • 9 Oct 2009
According to a recent report from Standard & Poor, arrears fell from 1.44 per cent in June 2009. “Over the last six... READ MORE

ANZ first to move on rates

by Staff Reporter • 8 Oct 2009
Some of the bank’s selected deposit products will rise by up to 0.50 per cent p.a., including its ANZ Progress Saver... READ MORE

Bankwest pulls Rate Tracker Ultra Home Loan

by Staff Reporter • 8 Oct 2009
Applications for the discounted Tracker Ultra Home Loan, which was introduced in February 2009, will no longer be... READ MORE

Big four in holding pattern on rate hikes

by Staff Reporter • 8 Oct 2009
"I've made it very clear [that] the government expects the banks to behave in the way in which they should behave and... READ MORE

Future Financial strengthens product panel

by Staff Reporter • 6 Oct 2009
The product, developed and issued by Macquarie Life, is said to offer a simple, bundled life insurance package that... READ MORE

AOFM to back three RMBS issues

by Staff Reporter • 2 Oct 2009
According to the Australian Office of Financial Management (AOFM) website, the government recently invited proposals... READ MORE

Regional banks mortgage share takes a dive

by Staff Reporter • 2 Oct 2009
According to statistics from the Australian Prudential Regulation Authority (APRA), Suncorp, Bendigo and Adelaide Bank... READ MORE

CBA hikes fixed rates

by Staff Reporter • 29 Sep 2009
CBA’s one year fixed rate has been increased by 50 basis points to 6.19 per cent, while its two year fixed rate will... READ MORE

Regional banks struggle, but will recover: RBA

by Staff Reporter • 25 Sep 2009
Yesterday, the RBA released its biannual Financial Stability Review, which found that smaller, lower-rated banks were... READ MORE

Suncorp to sell Hooker to Hooker

by Staff Reporter • 24 Sep 2009
The deal, which is widely expected to be completed this week, comes as Suncorp attempts to distance itself from the... READ MORE

RAMS slashes exception fees

by Staff Reporter • 23 Sep 2009
From 1 October the brokerage will reduce the fees associated with missed payments, dishonours and 30, 60 and 90 day... READ MORE

REIA slams St George property report

by Staff Reporter • 23 Sep 2009
“The banks need to be careful what they support because they are regarded as being credible institutions,” REIA... READ MORE

Citibank and Virgin to tackle big four dominance

by Staff Reporter • 21 Sep 2009
According to a report in The Australian, under the 10 year profit sharing contract Citibank will develop Virgin... READ MORE

Choice appoints AFM to lender panel

by Staff Reporter • 21 Sep 2009
The appointment will allow Choice’s 1,350 plus loan writers access AFM’s products. AFM managing director Tanya... READ MORE
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