Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

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.

US 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

Mortgage fund freezes continue

by Staff Reporter • 28 Oct 2008

Colonial First State, one of the country’s largest fund managers, yesterday joined the growing ranks of fund... READ MORE

US home sales pick up

by Staff Reporter • 28 Oct 2008

Existing home sales increased in the United States in September, the National Association of Realtors reported this... READ MORE

First home buyer interest mounts

by Staff Reporter • 27 Oct 2008

The industry continues to report a surge in first home buyer interest off the back of the government’s first... READ MORE

Mortgage rate price war heats up

by Staff Reporter • 27 Oct 2008

Lenders are continuing to slash their lending rates outside of the RBA’s monetary policy cycle with Aussie Home... READ MORE

Guarantee scheme capped but fund managers remain excluded

by Staff Reporter • 27 Oct 2008

The government has responded to calls to put a cap on its deposit guarantee scheme but is still under pressure to... READ MORE

Weekend auctions stumble again

by Staff Reporter • 27 Oct 2008

Auction activity stalled on the weekend despite the government’s stimulus initiatives to restore confidence in... READ MORE

MFAA slams CHOICE broker snub

by Staff Reporter • 27 Oct 2008

The MFAA has hit back at claims by consumer group CHOICE that consumers can get a better deal on their mortgage by... READ MORE

GE Money ends Australian origination

by Staff Reporter • 25 Oct 2008

GE Money Australia & New Zealand today announced that it will cease offering home loans through all third-party... READ MORE

RAMS cuts rates again

by Staff Reporter • 24 Oct 2008

RAMS Home Loans today announced a further reduction to its standard variable lending rate of 20 basis points.

New aggregator to target small to medium broker groups

by Staff Reporter • 24 Oct 2008

RESIMAC is the latest funder to take a stake in the aggregation industry through its launch of Capel Court Financial... READ MORE

US foreclosures up 71pc

by Staff Reporter • 24 Oct 2008

Foreclosure filings in the United States surged by 71 per cent in the September quarter compared to same quarter in... READ MORE

China slow-down concern for Australian economy

by Staff Reporter • 24 Oct 2008

Slowing demand for commodities pose an increasing threat to the nation’s economy.

Treasurer gives Westpac, St George deal green light

by Staff Reporter • 24 Oct 2008

Westpac and St George’s merger has been given final approval by treasurer Wayne Swan. Mr Swan said the decision... READ MORE

Emergency meeting as deposit scheme saga continues

by Staff Reporter • 24 Oct 2008

The heads of Australia’s four major banks met with the prime minster and treasurer in Canberra overnight to... READ MORE