Breaking News
Majority of brokers anticipate volume growth in year ahead
by • 11 Dec 2008
Despite a worsening global outlook Australian brokers remain cautiously optimistic about their prospects in...READ MORE
Sentiment bounces back
by • 11 Dec 2008
The Westpac-Melbourne Institute Index of Consumer Sentiment surged an unexpected 7.5 per cent this month.
READ MOREResimac seals $600m RMBS deal
by • 11 Dec 2008
Resimac has successfully priced a $609.1 million RMBS deal off the back of the government’s RMBS assistance... READ MORE
Home lending figures pick up
by • 11 Dec 2008
An increase in ABS home finance approval figures is a positive sign that the housing market may have turned the... READ MORE
CBA's BankWest acquisition approved by ACCC
by • 11 Dec 2008
Competition watchdog the ACCC has given the go ahead to the Commonwealth Bank’s $2.1 billion acquisition... READ MORE
ABN AMRO cuts reverse mortgage rate
by • 10 Dec 2008
ABN AMRO will reduce its reverse mortgage interest rate by 1.05 per cent next Monday following the Reserve... READ MORE
Reduced LVRs could hit borrower demand
by • 10 Dec 2008
A tightening of maximum LVRs from lenders could clash with the rising demand for higher percentage loans as first home... READ MORE
World growth to slump in 2009
by • 10 Dec 2008
The World Bank has revised down its forecasts for world economic growth and predicts a gloomy outlook for 2009.
READ MORELabour market continues to deteriorate
by • 10 Dec 2008
The labour market continued to soften in November with job seekers facing increased competition for positions,... READ MORE
New year rate cut far from certain
by • 10 Dec 2008
The RBA will not rush into any further cash rate reductions without giving the most recent cuts time to take... READ MORE
Cash rate to hit 3pc as business confidence slumps: NAB
by • 9 Dec 2008
Borrowers could see more fiscal stimulus from the government and even more aggressive cash rate cuts as the outlook... READ MORE
Stimulus package could miss the mark
by • 9 Dec 2008
The impact the Rudd government’s stimulus package will have on the economy could be limited with only a minority... READ MORE
US market rallies on Obama public investment pledge
by • 9 Dec 2008
The United States will benefit from the biggest public-works spending package in half a century next year as the... READ MORE
ANZ first to raise funds with government guarantee
by • 9 Dec 2008
ANZ looks set today to become the first Australian bank to utilise the government’s wholesale guarantee... READ MORE
Lending growth defies tough times
by • 9 Dec 2008
Despite hard economic conditions mortgage lending continues to grow at an annual rate of around ten per cent,... READ MORE
First home buyer activity surges
by • 9 Dec 2008
After remaining dormant for most of 2008 first home buyers are back with a vengeance according to sales figures... READ MORE
Brokers concerned over big bank servicing capabilities
by • 8 Dec 2008
Smaller lenders and regional banks could regain broker business as some of the majors struggle to maintain servicing... READ MORE
Members Equity seeks alliances to boost market share
by • 8 Dec 2008
Members Equity Bank has entered into preliminary discussions to form strategic alliances with other lenders with view... READ MORE
Consumer sentiment and spending key to economic recovery
by • 8 Dec 2008
Australia’s economy does not have to fall into recession but negative sentiment could see the country talk... READ MORE
ANZ to cut 800 jobs in next two weeks
by • 8 Dec 2008
ANZ confirmed on Friday that up to 800 of the bank’s employees will lose their jobs before Christmas.
READ MOREMacquarie sheds jobs
by • 5 Dec 2008
The global financial crisis reared its ugly head in Australia yesterday with reports that up to 1000 Macquarie Group... READ MORE
CBA tops majors with best SVR rate
by • 5 Dec 2008
A gap of 0.26 per has cent opened up between the comparison rates offered by the big banks following the RBA’s... READ MORE
Challenger prices $824m RMBS deal
by • 5 Dec 2008
The non-bank sector has received a further liquidity injection after Challenger Mortgage Management successfully... READ MORE
UK rates slashed to lowest in 70 years
by • 5 Dec 2008
English rates have fallen to their lowest level since 1939 as the Bank of England battles recession.
READ MOREWeak building approvals to persist into new year
by • 5 Dec 2008
Building approvals were again weak in October and are expected to remain so for much of 2009.
READ MORECity Pacific sells franchise brokerage
by • 4 Dec 2008
Franchise brokerage City Pacific Finance, subsidiary of embattled City Pacific, will be sold to OneLend... READ MORE
Government urged to support shared equity products
by • 4 Dec 2008
The federal opposition has called on the government to invest up to $500 million to support shared equity... READ MORE
Challenger refines operations
by • 4 Dec 2008
Challenger Mortgage Management has announced further restructuring that will see Alex Moulieris move to a non... READ MORE
Record chop for NZ rates
by • 4 Dec 2008
The Reserve Bank of New Zealand (RBNZ) slashed its cash rate by an unprecedented 150 basis points today in a bid to... READ MORE

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