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Breaking News
UK borrowing activity up
by Staff Reporter • 15 Apr 2009
Home loan activity inched up by four per cent in the UK in February as some brave borrowers moved to take advantage of...
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Commercial lending activity drops 14.7pc
by Staff Reporter • 15 Apr 2009
While home lending continues to increase off the back of the first home buyer incentives commercial financing activity...
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Business confidence, conditions up but economic forecast unchanged:...
by Staff Reporter • 15 Apr 2009
Business confidence has improved for the second month in a row albeit at depressed levels, NAB’s Monthly...
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MGIC exits Australian market
by Staff Reporter • 15 Apr 2009
Mortgage insurer MGIC is set to pull out of Australia after failing to find a bidder for its local operation.
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HSBC to bring brokers in-house, charge fee
by Staff Reporter • 15 Apr 2009
HSBC is set to trial a new mortgage matching service in the UK that will bring ‘impartial mortgage...
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ACCC to block future bank mergers
by Staff Reporter • 14 Apr 2009
The ACCC may step in to block further bank mergers in order to maintain competition.
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Government's broker reforms delayed
by Staff Reporter • 14 Apr 2009
The starting date for the federal takeover of all credit regulation looks set to be delayed, according to today’s The...
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Easter weekend grinds auction activity to a halt
by Staff Reporter • 14 Apr 2009
The Easter weekend resulted in slow auction activity in Sydney and Melboune.
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Lenders lose business as service levels slide
by Staff Reporter • 14 Apr 2009
Some lenders’ poor servicing levels are costing them broker business, Mortgage Business’ latest straw poll...
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Brokers flock to lead generation service
by Staff Reporter • 9 Apr 2009
Strong broker interest in a new lead generation provider has highlighted brokers’ appetite for new clients and...
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Borrowing activity continues to grow
by Staff Reporter • 9 Apr 2009
Housing finance activity continued to pick up in February with first home buyer market share increasing again to...
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Consumer sentiment surges
by Staff Reporter • 9 Apr 2009
Anticipation of the government’s stimulus payments has seen consumer sentiment surge over the past month.
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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.
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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...
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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...
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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...
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