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Seniors use reverse mortgages to renovate
by Staff Reporter • 2 Jun 2009
A third of retirees with reverse mortgages are using the funds from their loan to fund home improvements, a new study...READ MORE
Mixed messages in economic data
by Staff Reporter • 2 Jun 2009
A rise in retail spending in April suggests the government’s stimulus payments are working to rouse the economy... READ MORE
Government prepares for bankruptcy boom
by Staff Reporter • 2 Jun 2009
The federal government is contemplating major reforms of bankruptcy laws as it prepares for a surge in personal... READ MORE
Long awaited home building recovery on horizon
by Staff Reporter • 2 Jun 2009
A recovery in the housing market is finally in sight, according to the Housing Industry Association (HIA), after it... READ MORE
AOFM investment to boost FirstMac lending volumes
by Staff Reporter • 2 Jun 2009
In encouraging news for the mortgage market non-bank lender FirstMac has successfully placed and priced its second... READ MORE
Originator launches non-genuine savings 90pc LVR
by Staff Reporter • 2 Jun 2009
In a market where genuine savings are quickly becoming the norm, Better Mortgage Management has bucked the trend and... READ MORE
Tennis star served repayment demand by non-conforming lender
by Staff Reporter • 1 Jun 2009
Mark “The Scud” Philippoussis is being sued for failing to repay his mortgage highlighting that even the... READ MORE
NSW extends grants for first home buyers
by Staff Reporter • 1 Jun 2009
The New South Wales government yesterday announced ongoing incentives to support first home buyers.
Rents easing as housing affordability improves
by Staff Reporter • 1 Jun 2009
Improved housing affordability is enticing more people into the housing market and taking pressure off the rental... READ MORE
Auction clearance rates strong year-on-year
by Staff Reporter • 1 Jun 2009
Sydney and Melbourne clearance rates posted solid increases compared to the same weekend last year, according to... READ MORE
MFAA lobbies government on behalf of brokers
by Staff Reporter • 1 Jun 2009
The MFAA has called on the government to keep the proposed licensing procedures for brokers simple and easy to avoid... READ MORE
Australian property markets defy downturn
by Staff Reporter • 1 Jun 2009
Australian dwelling values have recorded a healthy 2.8 per cent increase in the first four months of the year, defying... READ MORE
Fraudulent ACT broker dodges jail
by Staff Reporter • 29 May 2009
A Canberra mortgage broker who pleaded guilty to forging documents to exaggerate borrowers’ financial positions... READ MORE
mecu and RegionalOne to merge
by Staff Reporter • 29 May 2009
Victoria’s largest credit union, mecu, is set to merge with RegionalOne Credit Union, after members voted... READ MORE
Credit unions, building societies promote responsible lending
by Staff Reporter • 29 May 2009
Mutual industry body Abacus has launched a revised code of practice to set out responsible and ethical lending... READ MORE
Recovery anticipated for home building
by Staff Reporter • 29 May 2009
The Housing Industry Association’s (HIA) National Outlook has forecast a much anticipated recovery for the... READ MORE
St George hikes fixed rates
by Staff Reporter • 29 May 2009
St George has increased its fixed rate home loans lending weight to speculation that the best fixed rate deals may... READ MORE
FirstMac promises brokers speedy servicing times
by Staff Reporter • 28 May 2009
Non-bank lender FirstMac says it is fighting back against “unacceptable” servicing levels and has promised... READ MORE
Non-conforming delinquencies rise on economic woes
by Staff Reporter • 28 May 2009
Overall delinquencies on non-conforming loans stabilised in the March quarter but 90 plus day delinquencies increased... READ MORE
Punter stakes $45,000 on no rate change
by Staff Reporter • 28 May 2009
If a man from Sydney’s inner west has got it right the cash rate will remain at 3 per cent when the RBA meets... READ MORE
Index points to economic stabilisation
by Staff Reporter • 28 May 2009
The Westpac-Melbourne Institute Leading Index of economic growth has recorded its first substantive improvement in... READ MORE
Stimulus payments go to the dead
by Staff Reporter • 28 May 2009
The revelation that up to 16,000 dead people have received the federal government’s stimulus payments has added... READ MORE
New home building slumps
by Staff Reporter • 28 May 2009
Residential construction activity has recorded its sharpest quarterly decline in almost a decade but there are hopes... READ MORE
Suncorp warns of big bank domination
by Staff Reporter • 28 May 2009
The chief of one of few remaining second tier banks has warned that the big banks’ dominance of the local market... READ MORE
Tasmania achieves record property sales
by Staff Reporter • 27 May 2009
The federal government’s First Home Owner Grant (FHOG) extension is enticing prospective home buyers into the... READ MORE
National consumer credit reform to be explained at new conference
by Staff Reporter • 27 May 2009
Union Link, a B2B conference specialist, today announced the launch of its Consumer Credit Forum 2009 – to be... READ MORE
CBA to stick with Valuation Exchange
by Staff Reporter • 27 May 2009
The Commonwealth Bank has renewed its contract with valuation panel manager Valuation Exchange (ValEx) for a further... READ MORE
Australia tops ranking for buffering recession
by Staff Reporter • 27 May 2009
It’s official: Australia is the best place to weather out the current global downturn.
READ MORE
US to roll out FHB bridging loans
by Staff Reporter • 27 May 2009
The US government will launch a new tax credit scheme to help first home buyers who are struggling to raise sizeable... READ MORE
Challenger battles for brokers
by Staff Reporter • 27 May 2009
Industry heavyweight Challenger has called on the federal government to ensure the National Consumer Credit Protection... READ MORE
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