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Breaking News
BOQ in court with franchisees
by Staff Reporter • 23 Jun 2009
The Bank of Queensland (BOQ) is facing legal action from its New South Wales franchise network as it looks to close...
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NAB snaps up Aviva
by Staff Reporter • 22 Jun 2009
NAB has bolstered its wealth management and insurance business with the acquisition of Aviva Australia’s wealth...
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Planner commissions to be outlawed
by Staff Reporter • 22 Jun 2009
Commission-based payments for financial planners could be ruled out by law, the chairman of a review on superannuation...
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Auction sales volumes take hammering
by Staff Reporter • 22 Jun 2009
Auction sales volumes plummeted across the eastern seaboard on Saturday compared to the Saturday prior, Australian...
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Stamp duty's days numbered
by Staff Reporter • 22 Jun 2009
Stamp duty is set to be abolished in what could be a major boost to the property market.
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Suffering borrowers to receive mortgage reprieve
by Staff Reporter • 22 Jun 2009
All of the 144 Australian retail banks, building societies and credit unions have signed up to the government’s...
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Analysis reaffirms strong property growth
by Staff Reporter • 22 Jun 2009
An analysis of Australian dwelling values has highlighted the strong growth Australia’s property market has...
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MFAA backs government support of mortgage market
by Staff Reporter • 22 Jun 2009
The MFAA has welcomed the news that the federal government is taking a renewed focus on supporting non-bank lenders to...
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Aussie John takes Gadens to court
by Staff Reporter • 19 Jun 2009
Aussie Home Loans executive chairman John Symond is suing Gadens Lawyers for negligent and misleading or deceptive tax...
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Obama brings financial regulation up to speed
by Staff Reporter • 19 Jun 2009
US President Barak Obama has unveiled a sweeping overhaul of the American financial regulatory system to bolster the...
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Record demand drives RAMS growth
by Staff Reporter • 19 Jun 2009
RAMS
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Fraudulent broker turns to hit man for help
by Staff Reporter • 19 Jun 2009
A mortgage broker from America’s South Philadelphia has been sentenced to more than 12 years in prison and fined...
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Government to support non-banks, regionals
by Staff Reporter • 19 Jun 2009
The federal government is considering new initiatives to support second-tier banks and non-bank lenders in a bid to...
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St George moves on fixed rates
by Staff Reporter • 19 Jun 2009
St George has made several changes to its fixed rate products bringing the bank in line with most of its peers in...
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Banks' rates not determined solely by cash rate: RBA
by Staff Reporter • 19 Jun 2009
Changes in risk premia in financial markets, following the credit crisis, have weakened the relationship between the...
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Westpac underpins commitment to quality broking
by Staff Reporter • 18 Jun 2009
Westpac today confirmed that it will partner Mortgage Business in its ground-breaking Top 25 Brokerage ranking.
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Financial planners can commission-based payments
by Staff Reporter • 18 Jun 2009
The Investment and Financial Services Association (IFSA) yesterday unveiled plans to scrap commission-based payments...
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Warnings over Aussie banks' funding strategies
by Staff Reporter • 18 Jun 2009
The viability of Australian banks’ high reliance on offshore funding has come under scrutiny in the face of rising...
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Borrowers missing out on better home loan rates
by Staff Reporter • 18 Jun 2009
Second tier banks, mutuals and non-bank lenders are offering borrowers significantly cheaper mortgages than the major...
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Economy past the worst
by Staff Reporter • 18 Jun 2009
The economy appears to have passed its low point and is on track for a slow, but real recovery, according to Westpac...
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Home building down 22 per cent
by Staff Reporter • 18 Jun 2009
New home building slumped by a massive 22 per cent in the year ending March but there is hope Australia may have...
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Citibank to back Virgin Money
by Staff Reporter • 17 Jun 2009
With support from Citibank Virgin Money is set to revive some segments of its Australian business.
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Calls for banking regulation review
by Staff Reporter • 17 Jun 2009
The federal government has been urged to crack down on regulation of the major banks’ amid concerns mortgage...
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RuddBank lost in the Senate
by Staff Reporter • 17 Jun 2009
The Rudd government’s “RuddBank” has failed to make it through the Senate after the Coalition and...
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Fixed rate loan demand continues to trend up
by Staff Reporter • 17 Jun 2009
Fixed rate mortgages grew in popularity in May, with Mortgage Choice recording its third consecutive increase in fixed...
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