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Servicing levels not a problem: NAB
by Staff Reporter • 9 Apr 2009
NAB Broker has claimed that while many lenders are taking up to four weeks to process loans it can still turn deals...READ MORE
Brokers grow market share
by Staff Reporter • 9 Apr 2009
Brokers’ share of the mortgage market is on the way back up after suffering a decline as a result of the credit... READ MORE
Big four claw back margin
by Staff Reporter • 9 Apr 2009
All of the nation’s major banks have now made their move following this month’s 0.25 per cent cash rate... READ MORE
Banks' hold on rates won't slow market
by Staff Reporter • 8 Apr 2009
The RBA moved to reduce the cash rate by 25 basis points yesterday to a 49 year low of 3 per cent but funding pressures... READ MORE
MFAA backs industry summit
by Staff Reporter • 8 Apr 2009
Following Loan Market’s call for an industry summit to address spiralling lender turnaround times the MFAA has... READ MORE
Quarter of all businesses to cut staff next quarter
by Staff Reporter • 8 Apr 2009
Australian businesses remain downbeat about the outlook for the short-term and are waiting to judge the... READ MORE
Mutuals, non-banks pledge assistance to jobless
by Staff Reporter • 8 Apr 2009
Credit unions, building societies and the industry’s biggest non-bank lender have joined the major banks in... READ MORE
Challenger, Liberty RMBS to boost industry funds
by Staff Reporter • 8 Apr 2009
The Australian Office of Financial Management (AOFM) continues to boost the mortgage market with two of the... READ MORE
RBA cuts cash rate
by Staff Reporter • 8 Apr 2009
The RBA reduced the cash rate by 25 basis points today to just 3 per cent – the lowest level in almost 50... READ MORE
Job situation worse than 90s recession
by Staff Reporter • 7 Apr 2009
A sharp contraction in job demand could raise the case for further rate cuts when the Reserve Bank meets today.
READ MORE
Tighter lending policies could choke broker business
by Staff Reporter • 7 Apr 2009
First home buyer activity is continuing to drive strong mortgage sales for brokers but increasingly tight lending... READ MORE
NAB to offer term deposits via brokers
by Staff Reporter • 7 Apr 2009
Brokers can now facilitate client requests for term deposits through a new cash management solution rolled out by NAB... READ MORE
Loan Market calls for urgent national summit as service levels dive
by Staff Reporter • 7 Apr 2009
Loan Market Group executive director John Kolenda has called on the MFAA to facilitate a summit of the major... READ MORE
Banksia, Statewide join forces
by Staff Reporter • 6 Apr 2009
Commercial lender The Banksia Financial Group has strengthened its position through an amalgamation with fellow... READ MORE
Unemployed mortgage holders offered bank reprieve
by Staff Reporter • 6 Apr 2009
The federal government has negotiated a mortgage payment reprieve for the unemployed with the big four banks.
READ MORE
April rate announcement too close to call
by Staff Reporter • 6 Apr 2009
The RBA is due to make its monthly monetary policy announcement tomorrow but whether rates will fall or hold is... READ MORE
Mixed results for weekend auction clearance rates
by Staff Reporter • 6 Apr 2009
Sydney auction activity remained stagnant over the weekend, registering a slight increase of just 0.3 per cent from... READ MORE
Best opportunities if investors act now
by Staff Reporter • 3 Apr 2009
Current property conditions are prime for investment but buyers should move quickly if they want to beat price... READ MORE
UK credit availability improving
by Staff Reporter • 3 Apr 2009
Lenders in the UK continued to reduce the availability of credit to households in the first quarter of 2009 but there... READ MORE
Brokers drive sales for insurer
by Staff Reporter • 3 Apr 2009
Increased distribution of mortgage protection insurance via the broker channel has seen Australian Life Insurance... READ MORE
Australian housing shortage a myth: Hometrack
by Staff Reporter • 3 Apr 2009
In stark contrast to reports that Australia faces a severe undersupply of housing, Hometrack today warned that... READ MORE
Global leaders unite to beat crisis together
by Staff Reporter • 3 Apr 2009
G20 leaders have agreed on sweeping new measures worth more than $1 trillion to lift the world out of recession and on... READ MORE
No housing price blowout on horizon
by Staff Reporter • 2 Apr 2009
Near record low rates have spurred an upswing in activity in the lower end of the property market but despite industry... READ MORE
US house prices, consumer confidence at record lows
by Staff Reporter • 2 Apr 2009
Consumer confidence in the United States remained at all time lows in February while a house price index has revealed... READ MORE
Increased FHOG deadline too soon for FHBs
by Staff Reporter • 2 Apr 2009
An extension of the increased first home owner grant could spur further business for brokers with an industry survey... READ MORE
Retail slump highlights consumer caution
by Staff Reporter • 2 Apr 2009
After recording strong growth in December and January, retail spending fell at the sharpest pace in nine years in... READ MORE
Multi-units spur improvement in dwelling approvals
by Staff Reporter • 2 Apr 2009
Building approvals recorded a welcome improvement in February with multi-unit approvals increasing by more than 30 per... READ MORE
Staff hiring to slow
by Staff Reporter • 2 Apr 2009
Confidence among Australian employers has declined for the fifth consecutive quarter to a record low, recruitment firm... READ MORE
CBA cuts maximum LVR - Apr 2009
by Staff Reporter • 1 Apr 2009
The end may be nigh for major bank loans over 90 per cent loan to value ratio with the news that the Commonwealth Bank... READ MORE
Mortgage Choice boss quits
by Staff Reporter • 1 Apr 2009
Mortgage Choice today announced that Paul Lahiff has resigned from his position as managing director after six years... READ MORE
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