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ANZ cuts fixed rates by up to 50bps

by Staff Reporter • 12 Aug 2008
“An easing of short-term money market rates” has prompted ANZ to cut its fixed home and residential...READ MORE

PMI Australia?s Q2 results dip

by Staff Reporter • 11 Aug 2008

PMI Australia reported a net income of $24 million for the second quarter of 2008 on Friday.

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Lacklustre weekend auctions

by Staff Reporter • 11 Aug 2008
Hopes of an interest rate cut have yet to translate to the property markets the weekend’s auction results have... READ MORE

ING DIRECT rationalises broker servicing and distribution

by Staff Reporter • 9 Aug 2008
ING DIRECT announced last week that it will directly service all accredited broker groups using its own business... READ MORE

Bank of England holds rates at 5pc

by Staff Reporter • 9 Aug 2008
The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per... READ MORE

New Opportune product to ?challenge? banks on price

by Staff Reporter • 8 Aug 2008
Opportune Home Loans is the latest mortgage manager to announce the launch of a new home loan designed to compete with... READ MORE

Refinancing hits record high

by Staff Reporter • 8 Aug 2008

Refinancing business has soared in July according to figures released by AFG today.

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Lending activity tipped to strengthen

by Staff Reporter • 8 Aug 2008
Brighter times may lie ahead for brokers as the RBA eases its stance on rates, but Australia’s property market... READ MORE

Rate cuts to boost broker refinancing business

by Staff Reporter • 8 Aug 2008

Refinancing activity is tipped to soar in coming months as interest rates look almost certain to fall.

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Unemployment rate unchanged in July

by Staff Reporter • 8 Aug 2008
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed... READ MORE

Non-bank market share edges up

by Staff Reporter • 7 Aug 2008
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed... READ MORE

RESIMAC issues its first RMBS for 2008

by Staff Reporter • 7 Aug 2008

Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.

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Freddie?s losses soar Q2

by Staff Reporter • 7 Aug 2008
Freddie Mac announced an enormous second quarter loss of US$821 million (A$902 million) overnight, a significant... READ MORE

Mortgage brokers popular with first home buyers

by Staff Reporter • 7 Aug 2008
Mortgage brokers are close to the banks as the favoured first point of contact for mortgage advice for first time... READ MORE

Australians continue to shy away from property commitments: ABS

by Staff Reporter • 7 Aug 2008

The number of Australians who committed to a home loan declined again in June to just 50,294.

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Northern Rock posts H1 loss

by Staff Reporter • 6 Aug 2008
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months... READ MORE

US rates steady at 2pc

by Staff Reporter • 6 Aug 2008

The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent.

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Industry jobs squeezed in half: Olivier Job Index

by Staff Reporter • 6 Aug 2008
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index... READ MORE

Rate cuts on the cards: RBA

by Staff Reporter • 6 Aug 2008

The RBA today left the official cash rate unchanged at 7.25 per cent but cuts might not be far away.

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Australian executives braced for tough times

by Staff Reporter • 5 Aug 2008

Australian business confidence has dropped rapidly as economic conditions show signs of further deterioration.

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HSBC reports steep profit decline

by Staff Reporter • 5 Aug 2008
Europe’s largest bank by market value HSBC yesterday reported a steep fall in profit for the first half of the... READ MORE

Job market shrinks

by Staff Reporter • 5 Aug 2008
Job ads continued to fall in July but the overall rate of decline has slowed compared to previous months, ANZ’s... READ MORE

AFM product to ?compete with banks?

by Staff Reporter • 5 Aug 2008
Amid a tough funding environment mortgage manager Australian First Mortgage (AFM) yesterday unveiled a new product... READ MORE

Banks using credit crunch to bolster profits: InfoChoice

by Staff Reporter • 4 Aug 2008
Banks’ profit margins rose by 30 per cent in the last six months to July from 135 bps in January to 180 bps,... READ MORE

Dwelling construction fails to keep up with immigration

by Staff Reporter • 4 Aug 2008
BIS Shrapnel’s latest building activity forecast report released today said a surge in engineering construction... READ MORE

Suncorp forecasts profit decline

by Staff Reporter • 1 Aug 2008
Suncorp’s net profit for the for the 12 month period to 30 June 2008 should be between $525 and $550 million,... READ MORE

HBOS profit dips but BankWest expansion to continue

by Staff Reporter • 1 Aug 2008

HBOS Australia today announced a $325 million profit before tax for the six months to 30 June 2008.

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Property prices will not fall 10 per cent: RP Data, Rismark

by Staff Reporter • 1 Aug 2008
Forecasts that house prices will fall by 10 per cent over the coming year are ungrounded, RP Data and Rismark... READ MORE

Adelaide Bank issues RMBS

by Staff Reporter • 1 Aug 2008

Adelaide Bank this week priced a $502.5 million prime RMBS.

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Insurance products gain traction with brokers

by Staff Reporter • 31 Jul 2008
Australian Life Insurance (ALI) today announced it has written over $10 billion in mortgage protection cover via the... READ MORE
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