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Westpac, Homeloans, Liberty move on rates

by Staff Reporter • 22 Oct 2008
Westpac today announced that it will reduce its home loan rates by 20 basis points bring its standard variable rate to...READ MORE

Deposit guarantee scheme ?no impact? on Challenger

by Staff Reporter • 21 Oct 2008
Contrary to reports in The Australian Financial Review today, Steve Weston, Challenger’s general manager of... READ MORE

Bank deposit guarantees under attack

by Staff Reporter • 21 Oct 2008
The government’s unlimited bank deposit guarantee has come under fire for creating serious dislocation in the... READ MORE

PLAN acquisition boosts Challenger's loan book

by Staff Reporter • 21 Oct 2008
Challenger Financial Services Group’s mortgages under administration and advice rose to $68.150 billion in the... READ MORE

Banks re-think high LVR low docs

by Staff Reporter • 21 Oct 2008
The recent withdrawal of low doc loan discounts by CBA and ANZ highlights a re-pricing of risk that may represent an... READ MORE

NAB profit marginally down

by Staff Reporter • 21 Oct 2008
National Australia Bank reported a 0.9 per cent fall in net profit today as a result of an “extremely difficult... READ MORE

Australian borrowers more confident

by Staff Reporter • 21 Oct 2008
The Reserve Bank’s cash rate reductions in September and October have contributed to a small but apparent lift... READ MORE

CBA drops rates

by Staff Reporter • 21 Oct 2008
CBA is the latest major lender to cut its home loan rates following announcements from ANZ and NAB over the last few... READ MORE

RAMS stands by first home buyer campaign

by Staff Reporter • 20 Oct 2008
RAMS Home Loans has played down accusations that it has irresponsibly targeted first home buyers in a series of... READ MORE

CBA shuts online home loan business

by Staff Reporter • 20 Oct 2008
The Commonwealth Bank has shut down online mortgage business HomePath after it failed to attract a sustainable rate of... READ MORE

?10 billion government boost for ING

by Staff Reporter • 20 Oct 2008
The Dutch government will inject €10 billion ($A19.55 billion) into ING, it announced on Sunday, as part of its... READ MORE

Auctions remain slow

by Staff Reporter • 20 Oct 2008
Auction activity picked up slightly over the weekend however homebuyers continue to act cautiously in the face of... READ MORE

NAB follows ANZ with rate cut

by Staff Reporter • 20 Oct 2008
NAB is the second major bank to drop its variable rate in the last few days following ANZ's Friday 0.25 per cent rate... READ MORE

ANZ drops variable rate by further 0.25 pc

by Staff Reporter • 18 Oct 2008
ANZ today announced that it will cut its variable rate by 0.25 per cent only days after slashing rates by 0.80 per... READ MORE

FirstMac refinances $172.6m RMBS

by Staff Reporter • 18 Oct 2008
FirstMac today announced that it has successfully refinanced a $172.6 million RMBS issue after voluntarily increasing... READ MORE

Third of brokers fear bank pull out

by Staff Reporter • 17 Oct 2008
Aggregation heads have been quick to reassure brokers that the Australian market is unlikely to see the departure of a... READ MORE

In the papers: Aussie under investigation

by Staff Reporter • 17 Oct 2008
Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40... READ MORE

NAB issues prime RMBS

by Staff Reporter • 17 Oct 2008
National Australia Bank has issued a RMBS worth close to $3 billion. The deal, which is NAB’s second issue for... READ MORE

Mortgage demand lowest in close to 30 years

by Staff Reporter • 17 Oct 2008
Demand for home loans has sank to levels not seen since 1982, as high interest rates, the soaring cost of living and... READ MORE

First home owner grant won?t cause house price spike

by Staff Reporter • 16 Oct 2008
The Housing Industry Association (HIA) has dismissed claims that the government’s first home owner grant (FHOG)... READ MORE

Government measures improve prospects for economic growth

by Staff Reporter • 16 Oct 2008
Economic growth will continue to slow in the medium term but will not fall into recession, a Westpac-Melbourne... READ MORE

GE Money priced out of wholesale market

by Staff Reporter • 16 Oct 2008
Two weeks after withdrawing its prime Flexible Options products from the broker channel GE Money has gone from... READ MORE

Bank salaries under fire for triggering risky bank practices

by Staff Reporter • 16 Oct 2008
Bank executives’ pay packages are the latest issue to come under scrutiny in wake of the global financial... READ MORE

Firstfolio in talks to buy Domain

by Staff Reporter • 15 Oct 2008
Just one day after declaring its intentions to purchase eChoice, Firstfolio today announced it is in advanced talks to... READ MORE

Lower rates and government incentives to boost property market

by Staff Reporter • 15 Oct 2008
While the RBA’s dramatic one per cent rate cut failed to impact weekend auction figures, there’s little... READ MORE

Business conditions steady but outlook weak

by Staff Reporter • 15 Oct 2008
Business conditions and confidence remained relatively stable in September, despite international financial turmoil,... READ MORE

$4b RMBS investment scheme under way

by Staff Reporter • 15 Oct 2008
Plans to reinvigorate non-bank lending are on track with the Australian Office of Financial Management (AOFM) inviting... READ MORE

Suncorp shelves sale for now

by Staff Reporter • 15 Oct 2008
In light of “changed” financial sector circumstances Suncorp has concluded discussions with prospective... READ MORE

Government unveils boost to homebuyers

by Staff Reporter • 14 Oct 2008
The government today announced an emergency $10.4 billion package to boost consumer confidence and economic growth in... READ MORE

MGIC stake up for grabs

by Staff Reporter • 14 Oct 2008
Mortgage insurer MGIC Australia is ready to sell a $100 million stake in its business. According to The Australian... READ MORE
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