Breaking News
RBA slashes rates by 100bps
by • 8 Oct 2008
The Reserve Bank today stunned financial markets with a dramatic 100 basis point reduction to the official cash...READ MORE
CBA confirms bid for BankWest
by • 7 Oct 2008
After conflicting reports last week The Commonwealth Bank has today confirmed it is in negotiations with HBOS plc to... READ MORE
Business expectations slump
by • 7 Oct 2008
Business sentiment for the December quarter looks bleak according to the latest Dun & Bradstreet National Business... READ MORE
Credit crisis spreads through Europe
by • 7 Oct 2008
Fears of contamination from the US credit crisis are rife as the German government leapt to rescue ailing bank Hypo... READ MORE
Bail-out fails to stop Dow slide
by • 7 Oct 2008
Congressional approval of the US bail-out bill failed to boost Wall Street as the Dow hit a four year low dropping 369... READ MORE
Australian delinquencies still low
by • 3 Oct 2008
Resilient Australian borrowers are still on top of their mortgage repayments despite the pressure of high funding... READ MORE
September volumes jump: AFG
by • 3 Oct 2008
The September rate clearly boosted borrower confidence as mortgage sales surged 10.2 per cent last month according to... READ MORE
Mortgage industry fears impact of global turmoil
by • 3 Oct 2008
While reports from the IMF and RBA stress that Australia’s financial system remains solid, the international... READ MORE
Still legs in low docs
by • 3 Oct 2008
Low doc lending may have slowed but contrary to recent media reports it is far from dead.
Peter Hall, country... READ MORE
RBA buys 840m RMBS
by • 3 Oct 2008
The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian... READ MORE
Senate agrees to revised bail-out package
by • 2 Oct 2008
The United States Senate has approved a revised financial system bail-out bill, after the House of Representatives... READ MORE
Borrowers won?t see 25bp cut: ANZ
by • 2 Oct 2008
ANZ chief economist Saul Eslake has warned that banks will not pass on any RBA reduction unless it comes at 50 basis... READ MORE
Job cuts on the cards for Suncorp
by • 2 Oct 2008
Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff.
READ MOREGovernment RMBS investment should favour low-rate lenders
by • 2 Oct 2008
The government’s $4 billion investment in residential mortgage-backed securities should be directed at lenders... READ MORE
Homeloans MD steps down
by • 2 Oct 2008
Brian Jones has stepped down from his role as Homeloans Ltd managing
director, according to a statement lodged with... READ MORE
GE drops prime and fixed products
by • 2 Oct 2008
GE Money has today announced it will suspend a number of its mortgage products and features including its Flexible... READ MORE
Stocks bounce as Bush pledges rescue plan revival
by • 1 Oct 2008
US stocks made their biggest one day jump in six years overnight, as expectations grow that an adjusted bank rescue... READ MORE
Financial crisis to keep lending rates high
by • 1 Oct 2008
Home lending rates could remain unchanged despite speculation that the RBA could cut rates by up to 50 basis points... READ MORE
Weak building activity puts pressure on affordability
by • 1 Oct 2008
Building approval data released by the ABS shows weak construction activity has persisted into the second half of the... READ MORE
PLAN acquisition complete: Challenger
by • 1 Oct 2008
Challenger Financial Services now dominates Australia’s aggregation sector on yesterday’s news that it has... READ MORE
Australian property values steady
by • 1 Oct 2008
Australia’s severe housing shortage has underpinned housing prices and will shield the market against any wide... READ MORE
Financial crisis intensifies as US bail-out plan rejected
by • 30 Sep 2008
Panic struck global financial markets overnight as the US House of Representatives kicked out the US$700 billion... READ MORE
$4b RMBS investment not enough: Mortgage Choice, First Mac
by • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
$4b RMBS investment not enough: Mortgage Choice, First Mac (2)
by • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
Bradford & Bingley second UK bank failure for 2008
by • 30 Sep 2008
Bradford and Bingley has become the second UK bank to be nationalised this year as a result of the worsening credit... READ MORE
Citi new US banking giant
by • 30 Sep 2008
Citigroup will become the United States’ largest bank by deposits after agreeing to acquire all banking... READ MORE
Government to boost non-bank sector
by • 29 Sep 2008
The industry has welcomed a $4 billion government plan to bolster competition in the mortgage market.
READ MOREWaMu biggest US bank collapse yet
by • 29 Sep 2008
Washington Mutual, bought by banking giant JP Morgan for $1.9bn after seizure by the US authorities late last week,... READ MORE
Green light for US bailout
by • 29 Sep 2008
Congress yesterday reached a landmark agreement that will release US$700 billion ($843.35 billion) to bail out Wall... READ MORE
Don't blame brokers for arrears: MFAA
by • 27 Sep 2008
The MFAA has hit back at suggestions that mortgage brokers have played a role in the rise of home loan arrears.... READ MORE

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