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Countrywide acquired by Bank of America

by Staff Reporter • 14 Jan 2008
Bank of America has agreed to purchase troubled mortgage lender Countrywide Financial in a transaction worth...READ MORE

Treasurer to investigate home loan fees

by Staff Reporter • 14 Jan 2008
Federal Treasurer Wayne Swan has announced an investigation into home loan exit fees in a move to make the mortgage... READ MORE

Bank of England holds on rates

by Staff Reporter • 11 Jan 2008
The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the... READ MORE

Citigroup & Merrill seek billions in capital

by Staff Reporter • 11 Jan 2008
Citigroup and Merrill Lynch, two of Wall Street’s biggest names, are seeking emergency funding from foreign... READ MORE

Big banks decline exposure to US sub-prime market

by Staff Reporter • 11 Jan 2008
The big four banks have denied any direct link to the US sub-prime lending market despite their exposure to ailing US... READ MORE

CBA tips consolidation in 2008

by Staff Reporter • 11 Jan 2008
The credit crisis may trigger increased consolidation among lenders, Commonwealth Bank (CBA) chief executive Ralph... READ MORE

Banks' actions could set market back by 20 years

by Staff Reporter • 11 Jan 2008
Non-bank lender Resi Mortgage Corporation has called the behaviour of the banks into question as interest rates were... READ MORE

November retail sales put pressure on February rate rise

by Staff Reporter • 10 Jan 2008

Retail sales recorded strong growth in November 2007, ABS figures released yesterday revealed.

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Mobius? loan book risky says S&P

by Staff Reporter • 10 Jan 2008
Standard and Poor’s has revealed Mobius Financial Services’ mortgage book as one of the nation’s... READ MORE

CBA joins NAB, ANZ in hiking rates

by Staff Reporter • 10 Jan 2008
The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per... READ MORE

Home approval growth not reflective of true market position

by Staff Reporter • 9 Jan 2008
The November spike in home approvals may not reflect the true position of the market, the Australian Financial Review... READ MORE

Property owners enjoy bumper year: REIA

by Staff Reporter • 9 Jan 2008
Australian home owners enjoyed a “vintage year” in 2007, according to the Real Estate Institute of... READ MORE

ANZ Chief says rate rise won?t hurt market share

by Staff Reporter • 9 Jan 2008
ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia,... READ MORE

Bank's liquidity called into question

by Staff Reporter • 9 Jan 2008
The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope... READ MORE

November dwelling approvals post upturn

by Staff Reporter • 9 Jan 2008
Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for... READ MORE

ANZ?s rate rise under fire

by Staff Reporter • 9 Jan 2008
ANZ is feeling the heat of public scrutiny over its decision to lift interest rates with Federal Treasurer Wayne Swan... READ MORE

Wholesale interest rate increases behind ANZ rate rise

by Staff Reporter • 8 Jan 2008
ANZ attributed higher wholesale interest rates to its decision to increase standard variable home loan rates... READ MORE

Citigroup may cut work force by up to 10 per cent

by Staff Reporter • 8 Jan 2008
American television channel CNBC reported that US Citigroup is considering a 5-10 per cent cutback of its workforce,... READ MORE

Major banks concede price advantage

by Staff Reporter • 7 Jan 2008
After months of sustained media negativity directed at the non-bank sector over higher funding costs, the major banks... READ MORE

Credit unions ?price followers?

by Staff Reporter • 7 Jan 2008
Credit unions are likely to follow the lead of the major banks by raising interest rates on standard variable... READ MORE

Westpac RAMS transaction complete

by Staff Reporter • 7 Jan 2008

Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday.

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Fast figures ? January

by Staff Reporter • 4 Jan 2008
4,429,000 – number of baby boomers in the Australian... READ MORE

Banks ignore political pressure, lift rates

by Staff Reporter • 4 Jan 2008
The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis... READ MORE

Consumer confidence high at top end

by Staff Reporter • 4 Jan 2008
Amid fears of crippling affordability and further interest rate rises mortgage lenders can take heart that the top end... READ MORE

Credit crunch set to hit big US banks hard

by Staff Reporter • 3 Jan 2008
US analysts are trimming fourth quarter estimates for the US’s major banks to account for capital market... READ MORE

Members Equity Bank to fund mortgages from deposits

by Staff Reporter • 2 Jan 2008
Members Equity Bank looks set to overhaul the way it funds home loans as a result of the liquidity problems affecting... READ MORE

Global market wrap: USA

by Staff Reporter • 31 Dec 2007

Global market wrap: UK

by Staff Reporter • 31 Dec 2007

Big four target European expat Aussies

by Staff Reporter • 28 Dec 2007
Australian banks are targeting Australians living in Europe as domestic home loan affordability continues to... READ MORE

US mortgage applications down, again

by Staff Reporter • 28 Dec 2007
The Mortgage Bankers Association ‘s (MBA) mortgage applications survey for the week ending December 21 measured... READ MORE
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