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US survey reveals latest mortgage surge

by Staff Reporter • 20 Jan 2010

Home loan borrower and refinance applications have surged in the US, according to a recent survey.

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RAMS withdrawal no impact: brokers

by Staff Reporter • 20 Jan 2010
RAMS' decision to leave the broker channel at the end of next month has left brokers shocked but ultimately... READ MORE

SMEs struggle to pay debt

by Staff Reporter • 20 Jan 2010
Delinquent payments by small business owners are increasing in frequency, new data from Dun & Bradstreet has... READ MORE

ANZ helps women save

by Staff Reporter • 20 Jan 2010

Women are poor savers, according to a recent ANZ survey.

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RAMS to exit broker channel

by Staff Reporter • 19 Jan 2010

RAMS Home Loans today confirmed that it will exit the broker channel effective 26 February 2010.

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Govt to expand o/s financial services presence

by Staff Reporter • 19 Jan 2010
A new report on foreign banking and investment has made recommendations about how Australia can boost competition in... READ MORE

St George launches new customer platform

by Staff Reporter • 19 Jan 2010
St George is hoping to increase its presence in the mortgage lending sector by introducing an Apple iPhone home loan... READ MORE

NZ property prices soar

by Staff Reporter • 19 Jan 2010

The median house price for properties in New Zealand has risen a record $5,000 to $NZ360,000 ($288,000).

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Rates help keep housing finance robust: Westpac

by Staff Reporter • 19 Jan 2010
The Reserve Bank is expected to lift rates during the first part of the year and then keep them on hold at 4.5 per... READ MORE

Inflation increase gives weight to Feb rate hike

by Staff Reporter • 19 Jan 2010
Inflation has risen for the second consecutive month, adding to concern that more interest rate hikes are on the... READ MORE

NAB-owned UK banks offer free home insurance

by Staff Reporter • 19 Jan 2010
Two of NAB’s UK-based banking institutions, Yorkshire Bank and Clydesdale bank, are attempting to ramp up their... READ MORE

New name, same trusted news source

by Staff Reporter • 18 Jan 2010

Mortgage Business has come a long way since its launch nearly three years ago.

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Collins Securities launches new low doc loan

by Staff Reporter • 18 Jan 2010
Collins Securities is preparing to launch a new refinance low doc loan that is said to cater to a market that has long... READ MORE

NAB sets sights on financial planning

by Staff Reporter • 18 Jan 2010
NAB could control more than 20 per cent of the financial planning sector if its bid for Axa Asia Pacific... READ MORE

CBA to post 44pc profit increase

by Staff Reporter • 18 Jan 2010

CBA has told its shareholders that it expects to post a 44 per cent rise in first-half profit.

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AMP set to sell RMBS

by Staff Reporter • 18 Jan 2010

AMP Bank is gearing up to sell $543.5 million in residential mortgage backed securities (RMBS).

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Home loans grow 8pc

by Staff Reporter • 15 Jan 2010

The average home loan in Australia increased by 8 per cent during 2009, data from Loan Market Group has found.

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Median house price to top $1m in 10 yrs

by Staff Reporter • 15 Jan 2010

Sydney’s median house price will top $1 million before the decade is out, new data from Residex has found.

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Banks to hold rates till Feb

by Staff Reporter • 15 Jan 2010
Most brokers believe the 27 basis point spread between the majors’ standard variable rates will remain unchanged... READ MORE

Rate rise likely after surprise fall in unemployment

by Staff Reporter • 15 Jan 2010
A surprise fall in the unemployment rate will undoubtedly put pressure on the Reserve Bank to lift rates for the fourth... READ MORE

Loan defaults to rise: Fitch

by Staff Reporter • 14 Jan 2010
Loan defaults are expected to rise over the coming year as interest rates return to more neutral levels and the... READ MORE

Mortgage fraud on the rise

by Staff Reporter • 14 Jan 2010
Sydney mortgage brokers are being urged to rigorously check the identity of new borrowers, as the number of identity... READ MORE

Bankwest beefs up broker support

by Staff Reporter • 14 Jan 2010
Bankwest has underpinned its commitment to the broker channel with the recent appointment of a new head of broker... READ MORE

Homeloans goes green

by Staff Reporter • 14 Jan 2010
In a bid to become more environmentally friendly, Homeloans Ltd has announced it will plant a tree for every newly... READ MORE

Positive credit reporting set for 2011

by Staff Reporter • 13 Jan 2010
The imminent introduction of positive credit reporting in Australia has been heralded by industry professionals as a... READ MORE

NSW premier extends stamp duty initiative

by Staff Reporter • 13 Jan 2010
Premier Kristine Keneally’s decision to extend the cuts to stamp duty for new homes will drive economic stimulus and... READ MORE

Westpac increases fixed rates

by Staff Reporter • 13 Jan 2010
Westpac has confirmed yesterday that it will lift interest repayments on its fixed rate mortgages by as much as 0.25... READ MORE

FHB’s getting older: ABS

by Staff Reporter • 13 Jan 2010

First-home buyers are getting older, according to data from the Australian Bureau of Statistics (ABS).

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Mortgage market slumps

by Staff Reporter • 13 Jan 2010
The number of people seeking new home mortgages has collapsed as the three consecutive interest rate rises are finally... READ MORE

Chinese buyers eye off Oz

by Staff Reporter • 12 Jan 2010

The Australian property market is gearing up for a boom year dominated by investors.

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