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Breaking News
Banks may increase variable rates independent of RBA
by Staff Reporter • 10 Sep 2009
Variable interest rates may rise by 0.15 per cent before the RBA lifts its cash rate, a new study has warned.
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Housing market healthy: HIA
by Staff Reporter • 10 Sep 2009
The level of new home lending remained very healthy in July 2009, according to data from the Australian Bureau of...
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Consumer confidence surges
by Staff Reporter • 10 Sep 2009
Consumer confidence has hit its highest level since July 2007 – a positive for the economy but a further indication...
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RAMS goes paperless
by Staff Reporter • 10 Sep 2009
In a bid to improve processing capabilities and sluggish turnaround times, RAMS Home Loans has yesterday implemented a...
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Business confidence climbs to 6 yr high
by Staff Reporter • 9 Sep 2009
Business confidence continues to climb steadily – a further sign that brokers can expect activity to improve over the...
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Borrowing activity rises
by Staff Reporter • 9 Sep 2009
Data from the Australian Bureau of Statistics found 143,292 loans were recorded in the June quarter, 20 per cent more...
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FAST broadens panel offering
by Staff Reporter • 9 Sep 2009
Aggregation group FAST has added a mortgage protection insurance provider to its panel.
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MFAA culls 1,500 under-qualified brokers
by Staff Reporter • 9 Sep 2009
The MFAA has taken a hard line with brokers that have failed to complete their Certificate IV in Financial Services,...
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Investors could lead charge on house price boom
by Staff Reporter • 8 Sep 2009
Cashed up superannuation investors could lead Australia into another rampant house price boom.
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AFM boosts commercial capabilities
by Staff Reporter • 8 Sep 2009
Commercial brokers have a new source of funding via Australian First Mortgage (AFM) with the mortgage manager now...
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New aggregator to focus on quality
by Staff Reporter • 8 Sep 2009
Mortgage broking company Niche Lending has launched a new aggregation group, Niche Professional Services, which it...
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Job ads up in August
by Staff Reporter • 8 Sep 2009
An increase in job advertising last month is further evidence for brokers that the Australian economy is on the road to...
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Macquarie breaks silence on aggregation speculation
by Staff Reporter • 8 Sep 2009
After months of industry rumblings, Macquarie Bank has broken its silence on its intentions to re-enter the mortgage...
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Bankwest launches capped mortgage product
by Staff Reporter • 8 Sep 2009
In a move that Bankwest believes will shake up competition in the mortgage market, Bankwest has today unveiled plans to...
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Interest rates to hit 5 per cent before 2011
by Staff Reporter • 7 Sep 2009
The official cash rate will hit 5 per cent before the end of 2010, according to a report from AMP Capital.
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No merger for Specialist Mortgage
by Staff Reporter • 7 Sep 2009
Contrary to media reports Specialist Mortgage is not one of the four groups that will be joined in a Macquarie Bank...
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ACCC seeks broker opinion on NAB/Challenger deal
by Staff Reporter • 7 Sep 2009
The Australian Consumer Competition Commission wants to know what the non-bank mortgage market thinks of the National...
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Auction results climb higher as spring season starts
by Staff Reporter • 7 Sep 2009
The traditional spring auction season is off to a strong start with Sydney, Adelaide and Melbourne all achieving...
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Credit unions hit back at ‘big four’ dominance claims
by Staff Reporter • 4 Sep 2009
Credit unions and building societies want to clarify the data released by the Australian Prudential Regulation...
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ANZ eyes mortgage market share increase
by Staff Reporter • 4 Sep 2009
ANZ is said to be gearing up for a push in the residential mortgage market.
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OECD predicts early economic recovery
by Staff Reporter • 4 Sep 2009
The Organisation of Economic Cooperation and Development (OECD) has predicted an early recovery for the world economy.
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Pain ahead for leveraged borrowers
by Staff Reporter • 4 Sep 2009
Loan Market Group has claimed that almost 20 per cent of Australians would not be able to afford higher loan repayments...
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Macquarie to break into aggregation
by Staff Reporter • 3 Sep 2009
Speculation is mounting that Macquarie Bank may soon be back in the Australian home loan market.
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Govt guarantees to remain
by Staff Reporter • 3 Sep 2009
The federal government has said it will leave its bank deposit guarantee in place for another three years.
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Delinquency rate falls
by Staff Reporter • 3 Sep 2009
In a sign that the Australian economy is beginning to stabilise, the nation’s delinquency rate has fallen from 10.39...
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