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ANZ cuts fixed rates by up to 50bps
by Staff Reporter • 12 Aug 2008
“An easing of short-term money market rates” has prompted ANZ to cut its fixed home and residential...
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Bank of England holds rates at 5pc
by Staff Reporter • 9 Aug 2008
The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per cent.
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New Opportune product to ?challenge? banks on price
by Staff Reporter • 8 Aug 2008
Opportune Home Loans is the latest mortgage manager to announce the launch of a new home loan designed to compete with...
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Refinancing hits record high
by Staff Reporter • 8 Aug 2008
Refinancing business has soared in July according to figures released by AFG today.
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Non-bank market share edges up
by Staff Reporter • 7 Aug 2008
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed...
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RESIMAC issues its first RMBS for 2008
by Staff Reporter • 7 Aug 2008
Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.
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HSBC reports steep profit decline
by Staff Reporter • 5 Aug 2008
Europe’s largest bank by market value HSBC yesterday reported a steep fall in profit for the first half of the...
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AFM product to ?compete with banks?
by Staff Reporter • 5 Aug 2008
Amid a tough funding environment mortgage manager Australian First Mortgage (AFM) yesterday unveiled a new product...
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Banks using credit crunch to bolster profits: InfoChoice
by Staff Reporter • 4 Aug 2008
Banks’ profit margins rose by 30 per cent in the last six months to July from 135 bps in January to 180 bps,...
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Dwelling construction fails to keep up with immigration
by Staff Reporter • 4 Aug 2008
BIS Shrapnel’s latest building activity forecast report released today said a surge in engineering construction...
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