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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 MORE

Government 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.

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WaMu 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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