Breaking News
Rates cut by 75bps
by Staff Reporter • 5 Nov 2008
The RBA this afternoon slashed the official cash rate by 75 basis points to 5.25 per cent.
READ MORECredit ratings under scrutiny
by Staff Reporter • 4 Nov 2008
Credit ratings agencies may need financial services licences to operate as the government looks to resolve concerns... READ MORE
First home buyers return to market
by Staff Reporter • 4 Nov 2008
The introduction of beefed-up first home buyer grants has translated into increased activity, according to major... READ MORE
Keep cutting rates: IMF
by Staff Reporter • 4 Nov 2008
With the RBA and a string of other central banks poised to make rate announcements this week any cuts will be welcomed... READ MORE
FirstMac looking to acquire building society
by Staff Reporter • 4 Nov 2008
FirstMac has set its sights on acquiring a deposit-taking institution, according to The Australian Financial... READ MORE
Rates still a concern to businesses
by Staff Reporter • 4 Nov 2008
Australian executives are bracing for tough business conditions moving into the new year, according to Dun &... READ MORE
Unemployment tipped to hit 6.5pc
by Staff Reporter • 4 Nov 2008
Businesses’ hiring intentions continued to decrease in October with ANZ’s Job Advertisement Series falling... READ MORE
House prices fall in September quarter
by Staff Reporter • 3 Nov 2008
Despite optimism for property values for the year ahead, ABS data showed today that house prices suffered further... READ MORE
Auctions still weak
by Staff Reporter • 3 Nov 2008
Weekend auction activity failed to pick up again despite the first home owner boost and the prospect of further rate... READ MORE
House prices to revive in 2009
by Staff Reporter • 3 Nov 2008
Brokers can expect a brighter year ahead with residential property prices tipped to rise over 2009 after suffering... READ MORE
Tough conditions increase businesses? exposure to bad debts
by Staff Reporter • 3 Nov 2008
Over a third of Australian companies have exposure to debts that are unlikely to be repaid, according to a business... READ MORE
Credit growth picks up in September
by Staff Reporter • 31 Oct 2008
Demand for credit grew at its fastest pace since March in last month on the back of the Reserve Bank’s rate cut,... READ MORE
New home sales recovery on horizon
by Staff Reporter • 31 Oct 2008
New home sales continued to decline in September however the downward cycle should soon bottom out according to the... READ MORE
Government says banks can help ease liquidity problems
by Staff Reporter • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
Negative growth pushes US towards official recession
by Staff Reporter • 31 Oct 2008
The US economy has edged ever nearer to recession after recording negative growth of 0.3 per cent for the three months... READ MORE
Seventy per cent of mortgage industry fears further downturn
by Staff Reporter • 31 Oct 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the... READ MORE
Slow-down normal, outlook positive: RBA
by Staff Reporter • 31 Oct 2008
Economic growth and household incomes will slow over the coming years but Australia remains well poised to avoid... READ MORE
Intermediaries increase share of reverse mortgages
by Staff Reporter • 30 Oct 2008
Fewer borrowers are choosing to deal direct with the lender when it comes to reverse mortgages, the Deloitte SEQUAL... READ MORE
Citibank drops commercial and personal loans, ramps residential
by Staff Reporter • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
Westpac profit up
by Staff Reporter • 30 Oct 2008
Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September.
READ MOREUS rates slashed again
by Staff Reporter • 30 Oct 2008
The US official cash rate is down to one per cent after the Federal Reserve announced a 50 basis point reduction... READ MORE
FirstMac, ME score government RMBS injection
by Staff Reporter • 30 Oct 2008
FirstMac and Members Equity are the first lenders to benefit from the government’s $8 billion RMBS... READ MORE
Mainstream media ignorance blamed for bad broker press
by Staff Reporter • 29 Oct 2008
Mortgage brokers and non-bank lenders have attracted more than their fair share of unwanted media coverage over the... READ MORE
New name for PMI as acquisition finalised
by Staff Reporter • 29 Oct 2008
Mortgage insurer PMI Australia today announced that it has changed its name to QBE Lenders’ Mortgage Insurance... READ MORE
St George profit up
by Staff Reporter • 29 Oct 2008
St George today announced a net profit of $1.174 billion for the year to September 2008, a 0.9 per cent rise from... READ MORE
Businesses appetite for debt wanes
by Staff Reporter • 29 Oct 2008
Business credit applications sank in the first three months of the financial year, a six per cent drop compared to the... READ MORE
Q3 business conditions slump
by Staff Reporter • 29 Oct 2008
Business conditions suffered one of the biggest falls in the past 20 years in the September quarter, NAB’s... READ MORE
Firstfolio introduces New-Loan SMSF product
by Staff Reporter • 29 Oct 2008
Firstfolio, via its mortgage management arm New-Loan, has launched an investment product for self managed super... READ MORE
More to mortgage industry than GE Money
by Staff Reporter • 28 Oct 2008
The dust has started to settle after the shock announcement that GE Money would no longer distribute its funds via the... READ MORE

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