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Breaking News
CBA defends Bankwest takeover
by Staff Reporter • 5 Jun 2009
CBA has hit back at claims its takeover of Bankwest has added to decreased market competition.
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Chief of failed US lender guilty of fraud
by Staff Reporter • 5 Jun 2009
The former chief of Countrywide Financial – which succumbed to the sub-prime crisis last year – has been...
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Mortgage operation unaffected by administration: Pisces
by Staff Reporter • 4 Jun 2009
Technology firm Pisces Group has placed itself in voluntary administration but has emphasised its mortgage business...
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Supermodel's ex broker boyfriend guilty of fraud
by Staff Reporter • 4 Jun 2009
A former mortgage broker and ex-boyfriend of supermodel Miranda Kerr was yesterday found guilty on one count of fraud...
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RAMS awarded Non-Bank Lender of the Year
by Staff Reporter • 4 Jun 2009
RAMS Home Loans has been recognised as Non-Bank Lender of the Year in Money Magazine’s Consumer Finance Awards.
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Mortgage Choice pushes big-bank alternatives
by Staff Reporter • 4 Jun 2009
Mortgage Choice will engage in a series of national workshops to help its brokers uncover alternative lenders to the...
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Property listings up but prices steady
by Staff Reporter • 4 Jun 2009
An increase in property listings as a result of lower buyer confidence has failed to cause any widespread price falls...
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Govt cautious on economic outlook
by Staff Reporter • 4 Jun 2009
Yesterday’s national accounts revealed Australia has avoided recession and outperformed every other advanced...
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St George named home lender of the year
by Staff Reporter • 3 Jun 2009
St George Bank has been named 2009 Home Lender of the Year by Money Magazine, scuppering ANZ who has won the award for...
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Macquarie rumoured to re-enter lending - Jun 2009
by Staff Reporter • 3 Jun 2009
Rumours are heating up that Macquarie Group is looking to re-enter the mortgage lending space.
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Australia avoids recession
by Staff Reporter • 3 Jun 2009
The Australian economy has dodged the global recession with data revealing today that the economy achieved positive...
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Borrowing activity on the rise: UK
by Staff Reporter • 3 Jun 2009
Mortgage approvals continue to inch upwards in the UK as borrowers move to take advantage of record low interest rates...
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Lend more to green households: HIA
by Staff Reporter • 3 Jun 2009
Lenders have been called upon to relax credit assessments for buyers of energy efficient homes by the Housing Industry...
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Australian home owners beat delinquency trends
by Staff Reporter • 3 Jun 2009
Delinquencies on Australian mortgages recorded a surprise decline in the first quarter of the year, bucking long-term...
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Record take up of FHOG
by Staff Reporter • 3 Jun 2009
A record number of first home buyers entered the market in April, new figures show.
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First home buyers spur building recovery
by Staff Reporter • 3 Jun 2009
An increase in new dwelling approvals for the fourth consecutive month has provided further evidence that the housing...
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Cash rate steady
by Staff Reporter • 3 Jun 2009
The RBA decided to leave the cash rate unchanged at 3.0 per cent at its board meeting today.
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Seniors use reverse mortgages to renovate
by Staff Reporter • 2 Jun 2009
A third of retirees with reverse mortgages are using the funds from their loan to fund home improvements, a new study...
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Mixed messages in economic data
by Staff Reporter • 2 Jun 2009
A rise in retail spending in April suggests the government’s stimulus payments are working to rouse the economy...
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Government prepares for bankruptcy boom
by Staff Reporter • 2 Jun 2009
The federal government is contemplating major reforms of bankruptcy laws as it prepares for a surge in personal...
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Long awaited home building recovery on horizon
by Staff Reporter • 2 Jun 2009
A recovery in the housing market is finally in sight, according to the Housing Industry Association (HIA), after it...
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AOFM investment to boost FirstMac lending volumes
by Staff Reporter • 2 Jun 2009
In encouraging news for the mortgage market non-bank lender FirstMac has successfully placed and priced its second...
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Originator launches non-genuine savings 90pc LVR
by Staff Reporter • 2 Jun 2009
In a market where genuine savings are quickly becoming the norm, Better Mortgage Management has bucked the trend and...
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Tennis star served repayment demand by non-conforming lender
by Staff Reporter • 1 Jun 2009
Mark “The Scud” Philippoussis is being sued for failing to repay his mortgage highlighting that even the...
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NSW extends grants for first home buyers
by Staff Reporter • 1 Jun 2009
The New South Wales government yesterday announced ongoing incentives to support first home buyers.
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