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Breaking News
Mortgage strength drives Westpac profit
by Staff Reporter • 17 Feb 2010
Above average industry growth in home lending has helped Westpac to top expectations and deliver a first-quarter cash...
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AMP drops rates
by Staff Reporter • 17 Feb 2010
In a bid to remain competitive in the mortgage sphere, second tier lender AMP has announced it will cut its basic...
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Securitisation shows signs of life
by Staff Reporter • 17 Feb 2010
The securitisation markets are beginning to thaw, according to the Reserve Bank of Australia’s assistant governor Guy...
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St George puts customer satisfaction above profits
by Staff Reporter • 16 Feb 2010
While some banks have announced staggering net profit increases for the second half of 2009, St George does not look...
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FHBs dig debt hole
by Staff Reporter • 16 Feb 2010
First home buyers are taking on more debt than ever before, according to the Australian Bureau of Statistics (ABS).
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Strengthening economy impacts arrears
by Staff Reporter • 16 Feb 2010
Mortgage delinquencies are set to rise just as interest rates are expected to climb, global ratings agency Fitch has...
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Bendigo profit surge positive for second tier lenders
by Staff Reporter • 16 Feb 2010
In a further sign that the second tier lending sector is strengthening, Bendigo and Adelaide Bank has delivered a...
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Auction activity still strong
by Staff Reporter • 15 Feb 2010
Auction clearance rates continued to perform strongly over the weekend.
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RHG refuses to be drawn on market return
by Staff Reporter • 15 Feb 2010
RHG could be gearing up to reenter the mortgage market according to media reports, but brokers are divided as to...
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ASIC Credit Roadshow hits the ground running
by Staff Reporter • 15 Feb 2010
Brokers seeking to improve their understanding of the soon to be introduced National Credit Regime are encouraged to...
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Non-bank lender bumps up LVR
by Staff Reporter • 15 Feb 2010
In a sign that competition is beginning to reemerge in the market, Australian First Mortgage (AFM) has expanded its...
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FHBs down but not out
by Staff Reporter • 12 Feb 2010
Despite a wind back in the government's first home buyer stimulus, it seems many of the industry’s newest property...
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Trail commission debate heats up
by Staff Reporter • 12 Feb 2010
Suggestions from the FBAA that trail commissions are under threat have been dismissed by industry figureheads as...
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Strengthening employment bad news for borrowers
by Staff Reporter • 12 Feb 2010
Australia’s strong employment data has increased the risk of a rate rise in March.
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Talkback: Brokers speak out over FBAA trail commission comments
by Staff Reporter • 12 Feb 2010
Broker reaction to comments made by FBAA president Peter White in the article ‘Trailing commissions under threat’.
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Major raises unguaranteed funds
by Staff Reporter • 12 Feb 2010
ANZ has raised $1.8 billion, the largest non-guaranteed bank funding deal in the domestic market this year.
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Homeloans employs league legend to market brand
by Staff Reporter • 12 Feb 2010
Homeloans is currently ramping up its presence in the Queensland market.
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Trail commissions under threat: FBAA
by Staff Reporter • 11 Feb 2010
Trailing commissions for brokers could soon become extinct, The FBAA’s president Peter White has warned.
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Legislation a threat to investor market
by Staff Reporter • 11 Feb 2010
There is mounting concern that the proposed changes to NSW’s residential tenancy laws could scare off some investors.
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CBA warns of rate hike
by Staff Reporter • 11 Feb 2010
Despite posting a $2.9 billion interim cash profit, CBA’s chief executive Ralph Norris said the bank could be forced...
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Borrowers unhappy with bank service
by Staff Reporter • 11 Feb 2010
Poor bank service has left the door open for brokers to win borrower support.
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Lending hit by higher rates
by Staff Reporter • 11 Feb 2010
The number of loans for new dwellings has dropped for the second consecutive month as the effect of three rate rises...
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Heritage culls brokers
by Staff Reporter • 10 Feb 2010
Following the departure of RAMS from the third party channel on 19 January, Heritage has become the latest lender to...
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Sintex gives introducers greater choice
by Staff Reporter • 10 Feb 2010
Sintex is ramping up its loan-to-value ratio (LVR) bands and limits to give its introducers more choice and opportunity...
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NAB to take slice of Homeloans Ltd
by Staff Reporter • 10 Feb 2010
Homeloans share price continues to surge as speculation mounts that 40 per cent of the non bank lender will be bought...
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