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Freddie Mac losses ?an improvement?

by Staff Reporter • 15 May 2008
US government-sponsored Freddie Mac reported a net loss of $151 million for the first quarter of 2008 overnight...READ MORE

RMBS arrears rise, further losses expected

by Staff Reporter • 15 May 2008
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007,... READ MORE

Significant reduction to Virgin Money mortgage origination

by Staff Reporter • 14 May 2008
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage... READ MORE

Budget won?t rid economy of inflationary pressures

by Staff Reporter • 14 May 2008
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in... READ MORE

Budget brings First Home Savers Accounts to life

by Staff Reporter • 14 May 2008

The Federal budget delivered last night included several measures to combat housing affordability.

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HSBC satisfied with Q1 results

by Staff Reporter • 13 May 2008

HSBC has announced it made a strong start to the year despite turbulence in global financial markets.

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Westpac and St George agree on key merger terms

by Staff Reporter • 13 May 2008
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two... READ MORE

PMI Australia reports healthy first quarter earnings

by Staff Reporter • 13 May 2008
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released... READ MORE

Personal, commercial finance commitments drop in March

by Staff Reporter • 12 May 2008
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial... READ MORE

Broker numbers set to drop

by Staff Reporter • 12 May 2008
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring... READ MORE

New Choice Aggregation Services CEO announced

by Staff Reporter • 11 May 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the... READ MORE

Westpac and St George to forge nation?s largest bank

by Staff Reporter • 11 May 2008

Westpac announced this morning that it is in merger discussions with St George Bank.

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Inflation set to decline: RBA

by Staff Reporter • 11 May 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on... READ MORE

Owner-occupied financing drops for non-banks, banks

by Staff Reporter • 11 May 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing... READ MORE

NAB profit up 25.8 per cent

by Staff Reporter • 9 May 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of... READ MORE

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