Breaking News
NAB favourite to buy Wizard
by Staff Reporter • 22 Oct 2008
National Australia Bank could be just days away from acquiring GE Money’s Wizard Home Loans, The Australian...READ MORE
Government could u turn on deposit guarantee
by Staff Reporter • 22 Oct 2008
The government may consider capping its unlimited bank deposit guarantee scheme amid a political storm that broke in... READ MORE
Mortgage stress improves but more rate cuts needed
by Staff Reporter • 22 Oct 2008
Rate cuts and tax changes have eased borrowers’ mortgage stress but the threat of rising unemployment could... READ MORE
Global financial catastrophe averted: RBA
by Staff Reporter • 22 Oct 2008
The international financial system is more than likely on the road to recovery, RBA governor Glenn Stevens said... READ MORE
St George cuts standard variable
by Staff Reporter • 22 Oct 2008
St George yesterday moved to reduce its rates by 21 basis points, in line with its peers.
READ MOREWestpac, Homeloans, Liberty move on rates
by Staff Reporter • 22 Oct 2008
Westpac today announced that it will reduce its home loan rates by 20 basis points bring its standard variable rate to... READ MORE
Deposit guarantee scheme ?no impact? on Challenger
by Staff Reporter • 21 Oct 2008
Contrary to reports in The Australian Financial Review today, Steve Weston, Challenger’s general manager of... READ MORE
Bank deposit guarantees under attack
by Staff Reporter • 21 Oct 2008
The government’s unlimited bank deposit guarantee has come under fire for creating serious dislocation in the... READ MORE
PLAN acquisition boosts Challenger's loan book
by Staff Reporter • 21 Oct 2008
Challenger Financial Services Group’s mortgages under administration
and advice rose to $68.150 billion in the... READ MORE
Banks re-think high LVR low docs
by Staff Reporter • 21 Oct 2008
The recent withdrawal of low doc loan discounts by CBA and ANZ highlights a re-pricing of risk that may represent an... READ MORE
NAB profit marginally down
by Staff Reporter • 21 Oct 2008
National Australia Bank reported a 0.9 per cent fall in net profit today as a result of an “extremely difficult... READ MORE
Australian borrowers more confident
by Staff Reporter • 21 Oct 2008
The Reserve Bank’s cash rate reductions in September and October have contributed to a small but apparent lift... READ MORE
CBA drops rates
by Staff Reporter • 21 Oct 2008
CBA is the latest major lender to cut its home loan rates following announcements from ANZ and NAB over the last few... READ MORE
RAMS stands by first home buyer campaign
by Staff Reporter • 20 Oct 2008
RAMS Home Loans has played down accusations that it has irresponsibly targeted first home buyers in a series of... READ MORE
CBA shuts online home loan business
by Staff Reporter • 20 Oct 2008
The Commonwealth Bank has shut down online mortgage business HomePath after it failed to attract a sustainable rate of... READ MORE
?10 billion government boost for ING
by Staff Reporter • 20 Oct 2008
The Dutch government will inject €10 billion ($A19.55 billion) into ING, it announced on Sunday, as part of its... READ MORE
Auctions remain slow
by Staff Reporter • 20 Oct 2008
Auction activity picked up slightly over the weekend however homebuyers continue to act cautiously in the face of... READ MORE
NAB follows ANZ with rate cut
by Staff Reporter • 20 Oct 2008
NAB is the second major bank to drop its variable rate in the last few days following ANZ's Friday 0.25 per cent rate... READ MORE
ANZ drops variable rate by further 0.25 pc
by Staff Reporter • 18 Oct 2008
ANZ today announced that it will cut its variable rate by 0.25 per cent only days after slashing rates by 0.80 per... READ MORE
FirstMac refinances $172.6m RMBS
by Staff Reporter • 18 Oct 2008
FirstMac today announced that it has successfully refinanced a $172.6 million RMBS issue after voluntarily increasing... READ MORE
Third of brokers fear bank pull out
by Staff Reporter • 17 Oct 2008
Aggregation heads have been quick to reassure brokers that the Australian market is unlikely to see the departure of a... READ MORE
In the papers: Aussie under investigation
by Staff Reporter • 17 Oct 2008
Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40... READ MORE
NAB issues prime RMBS
by Staff Reporter • 17 Oct 2008
National Australia Bank has issued a RMBS worth close to $3 billion.
The deal, which is NAB’s second issue for... READ MORE
Mortgage demand lowest in close to 30 years
by Staff Reporter • 17 Oct 2008
Demand for home loans has sank to levels not seen since 1982, as high interest rates, the soaring cost of living and... READ MORE
First home owner grant won?t cause house price spike
by Staff Reporter • 16 Oct 2008
The Housing Industry Association (HIA) has dismissed claims that the government’s first home owner grant (FHOG)... READ MORE
Government measures improve prospects for economic growth
by Staff Reporter • 16 Oct 2008
Economic growth will continue to slow in the medium term but will not fall into recession, a Westpac-Melbourne... READ MORE
GE Money priced out of wholesale market
by Staff Reporter • 16 Oct 2008
Two weeks after withdrawing its prime Flexible Options products from the broker channel GE Money has gone from... READ MORE
Bank salaries under fire for triggering risky bank practices
by Staff Reporter • 16 Oct 2008
Bank executives’ pay packages are the latest issue to come under scrutiny in wake of the global financial... READ MORE
Firstfolio in talks to buy Domain
by Staff Reporter • 15 Oct 2008
Just one day after declaring its intentions to purchase eChoice, Firstfolio today announced it is in advanced talks to... READ MORE
Lower rates and government incentives to boost property market
by Staff Reporter • 15 Oct 2008
While the RBA’s dramatic one per cent rate cut failed to impact weekend auction figures, there’s little... READ MORE

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