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Victorian estate agents guilty of rampant misquoting
by Staff Reporter • 20 Dec 2007
Victorian real estate agents underquoting property prices to lure buyers to auction has reached ‘epidemic’...READ MORE
Australian banks to gain from international credit crisis
by Staff Reporter • 19 Dec 2007
The international credit crisis will be “very good” for local banks, Justin Braitling of Australian... READ MORE
Credit unions, building societies enjoy solid growth in lending
by Staff Reporter • 19 Dec 2007
Credit unions and building societies experienced a positive 12 months to September 2007 with lending for housing... READ MORE
Flat outlook for dwelling commencements, says MBA
by Staff Reporter • 18 Dec 2007
While there was increased activity in dwelling commencements over the past quarter, the long-awaited recovery is still... READ MORE
The year that was: 2007 mortgage industry milestones
by Staff Reporter • 17 Dec 2007
RAMS reduced to rubble, Challenger buys up half of the mortgage broking industry and the US sub-prime storm engulfs... READ MORE
Centro hit by credit crunch
by Staff Reporter • 17 Dec 2007
Centro Properties Group (Centro) may become the first major Australian real estate casualty of the global credit... READ MORE
Banks up business loan rates
by Staff Reporter • 17 Dec 2007
ANZ, Westpac and the Commonwealth Bank have all made a move to offset higher funding costs through raising rates 15 to... READ MORE
UK lenders feel credit crisis sting
by Staff Reporter • 14 Dec 2007
Struggling UK lender Northern Rock has taken a £281 million (A$653 million) hit as a result of the credit... READ MORE
Central banks to ease pressure on short-term funding markets
by Staff Reporter • 13 Dec 2007
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three... READ MORE
AUSTRAC launches assistance tools as AML/CTF requirements kick in
by Staff Reporter • 13 Dec 2007
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism... READ MORE
Banks? profit cut unless rates rise: JP Morgan
by Staff Reporter • 12 Dec 2007
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs... READ MORE
Club Financial Services acquires The Mortgage Bureau
by Staff Reporter • 12 Dec 2007
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage... READ MORE
US cuts rates to 4.25 per cent
by Staff Reporter • 12 Dec 2007
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis... READ MORE
Non-bank market share slides again
by Staff Reporter • 11 Dec 2007
The non-bank sector struggled again in October to hold onto market share.
READ MORE
Bluestone prices A$408.9 million RMBS
by Staff Reporter • 10 Dec 2007
Non-conforming lender Bluestone successfully priced a A$408.9 million RMBS through lead arrangers Barcap and Westpac... READ MORE
US Government sub-prime bailout meets tentative Aussie approval
by Staff Reporter • 10 Dec 2007
Planned US government initiatives to help ease the impact of the sub-prime crisis have been met with cautious approval... READ MORE
BoQ to take on the big banks
by Staff Reporter • 7 Dec 2007
The Bank of Queensland (BoQ) yesterday confirmed it will continue to look for strategic acquisitions to strengthen its... READ MORE
OECD says rates to rise in 2008
by Staff Reporter • 7 Dec 2007
The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and... READ MORE
Bank of England cuts cash rate
by Staff Reporter • 7 Dec 2007
The Bank of England Monetary Policy Committee yesterday voted to reduce the official cash rate by 25 basis points to... READ MORE
Firstfolio looks to bonds
by Staff Reporter • 7 Dec 2007
Firstfolio has announced plans to move into niche markets beyond mortgage lending.
READ MORE
Brisbane investors opt for serviced apartments over residential rental
by Staff Reporter • 6 Dec 2007
New residential apartment completions fell in Brisbane during the financial year of 2006/07 BIS Shrapnel announced... READ MORE
Adelaide Bank increases home loan rates
by Staff Reporter • 6 Dec 2007
Adelaide Bank lifted interest rates by 25 basis points on Monday for products across its wholesale lending program.... READ MORE
RBA changes rate reporting structure
by Staff Reporter • 5 Dec 2007
The RBA today accompanied its cash rate announcement with a brief statement explaining the reasoning behind its... READ MORE
Expected hold on rates confirmed
by Staff Reporter • 5 Dec 2007
The RBA today announced that interest rates will remain unchanged at 6.75 per cent.
READ MORE
National property prices rise 12.5 per cent
by Staff Reporter • 4 Dec 2007
Australian property prices rose 12.5 per cent over the twelve month period ending September 2007.
READ MORE
Consumers uncomfortable with non-bank sector
by Staff Reporter • 4 Dec 2007
New research commissioned by the Australian Mortgage Council has shown that 31 per cent of consumers would feel... READ MORE
Home shareholders support BoQ merger
by Staff Reporter • 3 Dec 2007
A proposed $600 million merger between the Bank of Queensland (BoQ) and Home Building Society (Home) was... READ MORE
Rudd cautions banks of rate rise risk
by Staff Reporter • 3 Dec 2007
Prime Minister elect Kevin Rudd today cautioned commercial banks against raising interest rates over the Reserve... READ MORE
Fixed rates popular with first home buyers
by Staff Reporter • 3 Dec 2007
Borrower demand for fixed-rate loans rose for the third consecutive month in October, accounting for 31 per cent of... READ MORE
US foreclosures nearly double within a year
by Staff Reporter • 30 Nov 2007
US home foreclosures have nearly doubled in a year – highlighting how many homeowners were falling behind on... READ MORE
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