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Australian RMBS delinquencies fall September quarter

by Staff Reporter • 28 Nov 2007

The Australian prime mortgage market has shown a decline in delinquencies in the third quarter of 2007.

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US consumer confidence declines, again

by Staff Reporter • 28 Nov 2007
Consumer confidence in the US slid again in November – plunging confidence levels to their lowest in two... READ MORE

Regional banks' strong profit sign of future strength

by Staff Reporter • 28 Nov 2007
Australia’s regional banks have flourished in the strong economic environment, posting strong profits and high... READ MORE

Virgin the preferred saviour of Northern Rock

by Staff Reporter • 27 Nov 2007
Embattled UK bank Northern Rock has singled out a Richard Branson-backed Virgin Consortium as the preferred bidder for... READ MORE

Credit crunch starting to affect UK small companies

by Staff Reporter • 27 Nov 2007
UK entrepreneurs and smaller business owners are starting to feel the squeeze of tighter credit, though the impact... READ MORE

Education essential to reverse mortgage sector?s expansion

by Staff Reporter • 27 Nov 2007
Reverse mortgage lenders fear the consequences of a future media beat-up as consumers are slow to grasp the finer... READ MORE

Securitisers? assets fall for first time in 12 years

by Staff Reporter • 26 Nov 2007
The total assets of Australian securitisers at the end of the September quarter were $272.4 billion – down 0.6... READ MORE

Newcastle broker sentenced for lo doc fraud

by Staff Reporter • 26 Nov 2007
Mark Shalimov, director of investment company Future Management Group Limited (FMG), was convicted by the Sydney... READ MORE

Housing affordability at record lows, set to worsen

by Staff Reporter • 24 Nov 2007

Home loan affordability plunged 2.2 per cent over the September quarter and 8.1 per cent over the year.

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US mortgage applications drop 3.6 per cent

by Staff Reporter • 23 Nov 2007
US mortgage applications plunged last week according to the Mortgage Bankers Association’s (MBA) weekly mortgage... READ MORE

CUA withdraws variable interest loans from broker network

by Staff Reporter • 23 Nov 2007
Australia’s largest credit union, Credit Union Australia (CUA), has become the latest victim of the global... READ MORE

Wide Bay a step closer to netting Mackay

by Staff Reporter • 23 Nov 2007
Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay... READ MORE

Brisbane office rents now more expensive than Sydney

by Staff Reporter • 23 Nov 2007
Brisbane has stolen Sydney’s mantle as the most expensive office market in the country, according to the latest... READ MORE

Borrowers unaware of reverse mortgage pitfalls

by Staff Reporter • 22 Nov 2007
The majority of borrowers that have taken out a reverse mortgage were not fully informed about the conditions of their... READ MORE

RAMS directors confirm support for Westpac deal

by Staff Reporter • 21 Nov 2007
RAMS Home Loans’ directors confirmed yesterday in a statement to the ASX their unanimous recommendation that... READ MORE

BoQ walks away from Mackay bid

by Staff Reporter • 21 Nov 2007
The Bank of Queensland (BoQ) withdrew its $53.2 million takeover bid for Mackay Permanent Building Society (MPBS)... READ MORE

US homebuilder confidence at 22-year low

by Staff Reporter • 20 Nov 2007
US homebuilder confidence for new single-family homes remains at a record low this month due to continuing mortgage... READ MORE

BoQ bid stands

by Staff Reporter • 20 Nov 2007
The Bank of Queensland (BoQ) has announced it does not intend to increase its $53.2 million offer for Mackay Permanent... READ MORE

Boom times for private lenders

by Staff Reporter • 19 Nov 2007
Securitised lenders may have been starved of funds since the July US sub-prime collapse but Australia’s private... READ MORE

Mackay backs Wide Bay bid

by Staff Reporter • 19 Nov 2007
Mackay Permanent Building Society’s (MPBS) board of directors have backed Wide Bay’s latest takeover... READ MORE

UK commercial property market slumps

by Staff Reporter • 19 Nov 2007
Confidence in the UK commercial property market has hit a four year low, with the global credit crunch listed as one... READ MORE

Westpac begins funding new RAMS loans

by Staff Reporter • 17 Nov 2007

Westpac today announced that it had completed funding arrangements for RAMS Home Loans up to $500 million.

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Victoria switches on world?s first online conveyancing system

by Staff Reporter • 16 Nov 2007

The Victorian government launched the world’s first electronic conveyancing (EC) system today.

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Research supports calls to broaden credit reporting regime

by Staff Reporter • 16 Nov 2007
Research released by Veda Advantage yesterday found that 1.9 million Australians with good credit histories have been... READ MORE

A step closer to Home

by Staff Reporter • 16 Nov 2007
The Federal Treasurer today approved the Bank of Queensland’s (BoQ) proposed $600 million takeover of... READ MORE

Wide Bay ups stakes to net Mackay Permanent

by Staff Reporter • 15 Nov 2007
Building society Wide Bay Australia has increased its bid for Mackay Permanent Building Society (MPBS) in a move to... READ MORE

FirstMac and La Trobe join Mortgage Choice panel

by Staff Reporter • 14 Nov 2007

Mortgage Choice has added La Trobe Financial Services and FirstMac to its lender panel.

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Adelaide Bank shareholders put support behind Bendigo merger

by Staff Reporter • 13 Nov 2007

Adelaide Bank’s ordinary shareholders have approved the union with Bendigo Bank.

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September ABS figures highlight market volatility says Bouris

by Staff Reporter • 12 Nov 2007

The non-bank lending sector experienced a significant drop in new business in September.

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Banks profit in time of global uncertainty

by Staff Reporter • 12 Nov 2007
Australia’s major banks have posted record profits largely off the back of a strong economy and the flow on... READ MORE
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