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Govt set to introduce new bankruptcy laws
by Staff Reporter • 26 Aug 2009
Under the proposed changes, the minimum debt for which a creditor can petition for bankruptcy will rise from $2,000 to... READ MORE
US broker defrauds lenders of $1.7mill
by Staff Reporter • 26 Aug 2009
Lance Lockard, the 36 year old ring leader, was this week sentenced to six years in prison for his role in the... READ MORE
Suncorp profits fall 37 pc
by Staff Reporter • 26 Aug 2009
According to the bank, net profit fell from $583 million to $348 million over the last year.
Bad debts crippled the... READ MORE
Scarce credit affects dwelling developments
by Staff Reporter • 26 Aug 2009
According to housing industry analysts, work on new high rise apartment projects has collapsed since the start of the... READ MORE
Non-banks call for credit reform
by Staff Reporter • 25 Aug 2009
According to The Australian Financial Review, non-bank lenders claim the proposed legislation will tie them down with... READ MORE
Macquarie issues first CMBS since 07
by Staff Reporter • 25 Aug 2009
In a positive sign that the local securitisation market is heading towards recovery, Macquarie will sell $265 million... READ MORE
No warning on interest rate hikes: CBA
by Staff Reporter • 24 Aug 2009
In a statement to their broker channel, the bank said they would inform their brokers about any fluctuations in fixed... READ MORE
Bendigo to ramp lending
by Staff Reporter • 24 Aug 2009
Speaking to Mortgage Business general manager of third-party mortgages Damian Percy said the bank is committed to the... READ MORE
Return of securitisation to erode big bank market share
by Staff Reporter • 20 Aug 2009
The major banks currently write about 90 per cent of all new mortgages, rising from its 75 per cent market share... READ MORE
Suncorp prices RMBS
by Staff Reporter • 19 Aug 2009
According to a report on Reuters, the Australian Office of Financial Management (AOFM, is set to buy $690 million of... READ MORE
Funding boost considered for non-banks
by Staff Reporter • 19 Aug 2009
National Australia Bank’s acquisition of Challenger’s mortgage management business yesterday further highlighted... READ MORE
NAB to rebrand Challenger Mortgage Management
by Staff Reporter • 19 Aug 2009
But NAB Broker’s executive general manager Matt Lawler told Mortgage Business that while Challenger’s mortgage... READ MORE
NAB swoops for Challenger Mortgage Management
by Staff Reporter • 18 Aug 2009
The move will see NAB acquire a significant stake in the third-party distribution channel with around a third of all... READ MORE
CBA results beat market expectations
by Staff Reporter • 12 Aug 2009
Earlier today the bank reported second half year profit of $2.402 billion, up from $2.348 billion a year earlier; it... READ MORE
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