Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

default image

Repossession and mortgage default cases fall
by Staff Reporter • 25 Aug 2009
The number of house repossessions between January and July 2009 has fallen 30 per cent compared with the same period... READ MORE
default image

Challenger outlook positive despite net loss
by Staff Reporter • 25 Aug 2009
Following the sale of its mortgage operations to National Australia Bank early last week, Challenger Financial Services... READ MORE
default image

Non-banks call for credit reform
by Staff Reporter • 25 Aug 2009
Non-bank lenders are calling for changes to the federal government’s proposed national consumer credit legislation. READ MORE
default image

Macquarie issues first CMBS since 07
by Staff Reporter • 25 Aug 2009
Macquarie CountryWide Trust has become the first issuer to sell commercial mortgage backed securities (CMBS) since the... READ MORE
default image

No warning on interest rate hikes: CBA
by Staff Reporter • 24 Aug 2009
The Commonwealth bank of Australia will no longer give their brokers prior warning about changes to their fixed... READ MORE
default image

Housing slump threatens American recovery
by Staff Reporter • 24 Aug 2009
American economists predict that the road to recovery will be a bumpy as house prices continue to fall. READ MORE
default image

Sydney and Melbourne record strong results
by Staff Reporter • 24 Aug 2009
Sydney and Melbourne’s property markets continue to show strong signs of recovery, with both capital cities achieving... READ MORE
default image

NAB move for Challenger underpins broker strength: Mortgage Choice
by Staff Reporter • 24 Aug 2009
Mortgage Choice CEO Michael Russell that NAB’s acquisition was a “wonderful endorsement” of the work that... READ MORE
default image

Sydney house prices to soar
by Staff Reporter • 24 Aug 2009
Median Sydney house prices could rise by as much as $100,000 in the next two years, The Investors Club has said. READ MORE
default image

Mortgage Choice profits dip
by Staff Reporter • 21 Aug 2009
Mortgage Choice has reported a fall in profits for the year to 30 June 2009, however the company said it remains upbeat... READ MORE
default image

RAMS withdraws accreditations with low volume brokerages
by Staff Reporter • 21 Aug 2009
As part of a drive to improve its servicing levels RAMS will cease to deal with low volume brokerages. READ MORE
default image

UK turns corner on recession path
by Staff Reporter • 21 Aug 2009
There are signs of recovery in the UK housing market with July mortgage approvals for the six biggest banks increasing... READ MORE
default image

Australia to lead world on rate rises
by Staff Reporter • 21 Aug 2009
The Reserve Bank of Australia (RBA) is currently heading up a shortlist of central banks across the world that could... READ MORE
default image

US mortgage arrears reach record highs
by Staff Reporter • 21 Aug 2009
Mortgage arrears in the United States rose to 9.24 per cent in the last quarter, the highest rate recorded in more than... READ MORE
default image

US upbeat about recovery
by Staff Reporter • 20 Aug 2009
Economists are becomingly increasingly positive that the US lending market is about to turn a corner on the path to... READ MORE
default image

Rising rates no threat to brokers
by Staff Reporter • 20 Aug 2009
While the prospect of rising interest rates is of concern to consumers, brokers are confident that a change in the rate... READ MORE
default image

Return of securitisation to erode big bank market share
by Staff Reporter • 20 Aug 2009
The Reserve Bank of Australia’s assistant governor Malcolm Edey has said the substantial market share held by the... READ MORE
default image

BoQ to build lending book
by Staff Reporter • 20 Aug 2009
The Bank of Queensland (BoQ) will use its $340 million capital raising to build its residential and small business... READ MORE
default image

Suncorp prices RMBS
by Staff Reporter • 19 Aug 2009
Suncorp-Metway has released its initial pricing on the $1.2 billion offer of prime residential mortgage backed... READ MORE
default image

Funding boost considered for non-banks
by Staff Reporter • 19 Aug 2009
The federal government looks likely to initiate another round of RMBS funding support to promote competition in the... READ MORE
default image

Rates likely to rise
by Staff Reporter • 19 Aug 2009
The Reserve Bank of Australia (RBA) has warned that interest rates may increase because inflation is not falling as... READ MORE
default image

United states extends mortgage aid
by Staff Reporter • 19 Aug 2009
United States federal government has decided to extend its mortgage aid despite improving consumer sentiment, the... READ MORE
default image

NAB to rebrand Challenger Mortgage Management
by Staff Reporter • 19 Aug 2009
Challenger’s mortgage management business will be renamed in the coming weeks after National Australia Bank agreed to... READ MORE
default image

NAB swoops for Challenger Mortgage Management
by Staff Reporter • 18 Aug 2009
National Australia Bank (NAB) has this morning announced an agreement to purchase the mortgage management business of... READ MORE
default image

Banks urge govt. for farer fees
by Staff Reporter • 18 Aug 2009
Banks are urging the federal government to change their deposit guarantee scheme in a bid to reintroduce competition to... READ MORE