Breaking News
Mortgage Choice defies tough lending market
by Staff Reporter • 20 Aug 2008
Mortgage Choice has registered only a slight drop in volumes for the 2008 financial year compared with 2007, according...READ MORE
UK lending to slump in 2008
by Staff Reporter • 20 Aug 2008
The battered UK lending market will reach new depths with lending to contract a further 19.3 per cent in 2008,... READ MORE
CBA seeks slice of Aussie Home Loans
by Staff Reporter • 20 Aug 2008
The Commonwealth Bank of Australia (CBA) is in negotiations to buy a stake
in Aussie Home Loans (Aussie), the AFR... READ MORE
Resilient renovation sector an opportunity for brokers
by Staff Reporter • 20 Aug 2008
Stagnant building activity and a dwelling shortage of 45,000 could boost renovation activity in coming months as home... READ MORE
RBA set to cut rates
by Staff Reporter • 20 Aug 2008
Minutes from the Reserve Bank’s August monetary policy meeting and wages data released today point to a widely... READ MORE
Profit growth for ACCU
by Staff Reporter • 20 Aug 2008
Despite absorbing higher funding costs, Australian Central Credit Union today reported a healthy after-tax profit of... READ MORE
HSBC fixed rates slashed by up to 130 bps
by Staff Reporter • 19 Aug 2008
HSBC Bank Australia yesterday cut its fixed home lending rates by between 35 and 130 basis points.
READ MOREBroker sales conference 'spot on'
by Staff Reporter • 18 Aug 2008
Brokers turned out in force for the inaugural Lending Sales Success (LSS) conference in Sydney last weekend.
READ MORECBA tipped to move on BankWest
by Staff Reporter • 18 Aug 2008
The Commonwealth Bank may turn set its sights on Perth-based BankWest, The Australian reported today.
READ MOREFirst home buyer affordability remains at 24 year low
by Staff Reporter • 18 Aug 2008
National first home buyer affordability remained at a 24 year low in
the June quarter, the HIA-CBA First Home Buyer... READ MORE
Lending competition healthy: RBA
by Staff Reporter • 15 Aug 2008
The Australian financial sector is healthy and competitive, the RBA’s deputy governor Ric Battellino told the... READ MORE
Baby-boomers push younger borrowers from property market
by Staff Reporter • 15 Aug 2008
Older Australians have blocked younger borrowers from the property market, a report released today by Finsia... READ MORE
QBE purchases PMI Australia
by Staff Reporter • 15 Aug 2008
QBE Insurance has bought mortgage insurer PMI Australia for $1.027 billion.
READ MORECommission cuts boost leasing finance appeal for brokers
by Staff Reporter • 15 Aug 2008
Leasing finance is tipped to replace lost dollars for some brokers as residential lending slows and lender commission... READ MORE
New aggregator relationship for The Mortgage Gallery NSW/ACT
by Staff Reporter • 15 Aug 2008
The Mortgage Gallery announced today that its NSW/ACT franchise operation will now operate as its own broking... READ MORE
Wide Bay creates contingency RMBS
by Staff Reporter • 15 Aug 2008
Wide Bay Australia has created a $100 million internal securitisation program to generate additional liquidity if... READ MORE
Consumer sentiment improves
by Staff Reporter • 15 Aug 2008
Consumer sentiment bounced back for August, the Westpac-Melbourne Institute Index of Consumer Sentiment revealed... READ MORE
Club launches franchise operations
by Staff Reporter • 14 Aug 2008
Club Financial Services (Club) has launched a national franchise operation.
READ MOREMFAA continues push for Aussie Mac
by Staff Reporter • 14 Aug 2008
The MFAA will step up its push for a government-backed funding source today in a verbal submission to the House of... READ MORE
ACCC approves Westpac and St George merger
by Staff Reporter • 14 Aug 2008
The amalgamation of Westpac and St George looks likely to go ahead following the ACCC’s approval of the merger... READ MORE
Aussie Mac not the solution: RBA
by Staff Reporter • 13 Aug 2008
The RBA revealed today that it does not support the proposal of a government-sponsored agency to support the local... READ MORE
Fixed-rate demand slides further
by Staff Reporter • 13 Aug 2008
Demand for fixed-rate loans continued to drop in July, data from Mortgage Choice revealed this week.
READ MORECBA yearly net profit rises 7pc
by Staff Reporter • 13 Aug 2008
The Commonwealth Bank of Australia (CBA) today reported a better than expected seven per cent rise in annual net... READ MORE
Spiralling business conditions to usher 150bp rate cut: NAB
by Staff Reporter • 13 Aug 2008
Business conditions fell again in July and are now dropping at a level faster than that recorded during the post-2000... READ MORE
Business credit slumps
by Staff Reporter • 12 Aug 2008
Small business lending has slumped to an annualised growth rate of eight per cent, according to the RBA’s latest... READ MORE
June lending figures down
by Staff Reporter • 12 Aug 2008
The ABS’ Lending Finance Australia report, released yesterday, revealed that the total value of owner-occupied... READ MORE
Credit reporting changes welcomed
by Staff Reporter • 12 Aug 2008
Tentative proposals to alter Australia’s credit reporting framework have been met with approval by the... READ MORE
25bp rate cut a start but more needed to spark market revival
by Staff Reporter • 12 Aug 2008
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could... READ MORE
Adelaide and Bendigo deliver solid profit
by Staff Reporter • 12 Aug 2008
In its first annual result since merging last year, Bendigo and Adelaide Bank Ltd have delivered a $170.5 million... READ MORE
Prospects for rate cut increasing: RBA
by Staff Reporter • 12 Aug 2008
An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary... READ MORE

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