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Rates not the monster behind mortgage stress
by Staff Reporter • 9 May 2008
Rising interest rates are not the defining cause of mortgage stress, according to mortgage insurer Genworth... READ MORE
Macquarie?s reverse mortgages off the market indefinitely
by Staff Reporter • 9 May 2008
Ongoing deterioration in global credit markets and the continued increase in the cost of funds have forced Macquarie... READ MORE
Bluestone committed to broker channel
by Staff Reporter • 8 May 2008
Bluestone has reiterated its strong support for brokers despite its decision to temporarily withdraw its reverse... READ MORE
Borrowers blame lenders for debt problems
by Staff Reporter • 8 May 2008
Three in four Australians hold financial institutions responsible for the current debt crisis, research by the... READ MORE
RMBS volumes plunge 80.5pc
by Staff Reporter • 8 May 2008
Moody’s Australian RMBS Performance Review released yesterday confirmed the startling lack of activity in... READ MORE
Mortgage lending set for tough 18 months
by Staff Reporter • 7 May 2008
Flagging consumer sentiment, record low housing affordability and the global credit crunch are all expected to take... READ MORE
Boost for Victorian first home buyers
by Staff Reporter • 7 May 2008
First home buyers in regional Victoria will be able to receive up to $15,000 in government assistance towards the... READ MORE
NAB reveals vision for new broker industry
by Staff Reporter • 7 May 2008
NAB Broker announced yesterday it will gear its services towards what it believes will be an advice-based Australian... READ MORE
Commercial property strong investment choice in turbulent times
by Staff Reporter • 7 May 2008
Despite uncertain economic conditions commercial property opportunities remain strong for investors, according to... READ MORE
St George announces strong H1 result
by Staff Reporter • 6 May 2008
St George delivered a record first half cash profit of $603 million today, 6.2 per cent up from the corresponding... READ MORE
US lending standards tightened across the board
by Staff Reporter • 6 May 2008
The number of American banks that had tightened their lending standards increased significantly over the three months... READ MORE
Rates on hold as demand slows
by Staff Reporter • 6 May 2008
The RBA has decided to leave the cash rate unchanged at 7.25 per cent.
READ MORE
Bleak outlook for industry growth: AFG
by Staff Reporter • 6 May 2008
April mortgage sales for aggregation group Australian Finance Group (AFG) could reflect a significant slowdown in... READ MORE
Brokers flock to white labelling
by Staff Reporter • 5 May 2008
Rising funding costs, shrinking liquidity and uncertainty over broker commissions have fuelled a surge of broker... READ MORE
House prices feel brunt of high interest rates
by Staff Reporter • 5 May 2008
House price indexes released by the ABS today confirmed that housing markets have slowed markedly because of the... READ MORE
Bendigo Bank hikes variable rate
by Staff Reporter • 5 May 2008
Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday.
READ MORE
Fed announces further measures to improve liquidity
by Staff Reporter • 5 May 2008
The US Federal Reserve (Fed) announced an expansion of its liquidity measures on Friday to counteract persistent... READ MORE
Building approvals down, worse to come: MBA
by Staff Reporter • 2 May 2008
Building approvals slumped in March, data from the ABS has revealed yesterday.
READ MORE
Australians' financial savvy still has some way to go
by Staff Reporter • 2 May 2008
Mortgage lenders and brokers have their work cut out for them with almost half of Australians believing they can... READ MORE
BoE says banks overstate losses
by Staff Reporter • 2 May 2008
UK banks have overstated sub-prime related losses, which is likely to delay any improvements in confidence levels in... READ MORE
No commission cuts from ANZ
by Staff Reporter • 2 May 2008
ANZ has broken its silence on broker commissions, confirming exclusively with Mortgage Business this afternoon that no... READ MORE
New home sales hit by high interest rates
by Staff Reporter • 1 May 2008
New home sales figures released yesterday by the Housing Institute of Australia (HIA) show that high interest rates... READ MORE
Westpac delivers strong profit result
by Staff Reporter • 1 May 2008
Westpac this morning delivered a “robust” net profit for the six months ending 31 March 2008 of $2,202... READ MORE
US rates down to 2pc
by Staff Reporter • 1 May 2008
The Federal Reserve’s Federal Open Market Committee lowered the United States’ official cash rate... READ MORE
New St George commissions structure wins aggregator approval
by Staff Reporter • 1 May 2008
St George announced yesterday that from 1 June 2008 it will change the way mortgage brokers earn their commissions.... READ MORE
Rate rises stunt property price growth
by Staff Reporter • 30 Apr 2008
March quarter housing figures released today by Australian Property Monitors (APM) have revealed that property markets... READ MORE
US foreclosures up more than 100pc
by Staff Reporter • 30 Apr 2008
Foreclosure filings increased in the United States by 23 per cent in the March quarter 2008 to 649,917, online real... READ MORE
S&L and Austral CU merger likely
by Staff Reporter • 30 Apr 2008
Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne... READ MORE
Credit union M&As set to increase
by Staff Reporter • 30 Apr 2008
Moody’s Investors Service (Moody’s) said today that the credit outlook for the Australian credit union... READ MORE
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