Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

RBA buys 840m RMBS

by Staff Reporter • 3 Oct 2008

The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian...READ MORE

Senate agrees to revised bail-out package

by Staff Reporter • 2 Oct 2008

The United States Senate has approved a revised financial system bail-out bill, after the House of Representatives... READ MORE

Borrowers won?t see 25bp cut: ANZ

by Staff Reporter • 2 Oct 2008

ANZ chief economist Saul Eslake has warned that banks will not pass on any RBA reduction unless it comes at 50 basis... READ MORE

Job cuts on the cards for Suncorp

by Staff Reporter • 2 Oct 2008

Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff.

Government RMBS investment should favour low-rate lenders

by Staff Reporter • 2 Oct 2008

The government’s $4 billion investment in residential mortgage-backed securities should be directed at lenders... READ MORE

Homeloans MD steps down

by Staff Reporter • 2 Oct 2008

Brian Jones has stepped down from his role as Homeloans Ltd managing director, according to a statement lodged with... READ MORE

GE drops prime and fixed products

by Staff Reporter • 2 Oct 2008

GE Money has today announced it will suspend a number of its mortgage products and features including its Flexible... READ MORE

Stocks bounce as Bush pledges rescue plan revival

by Staff Reporter • 1 Oct 2008

US stocks made their biggest one day jump in six years overnight, as expectations grow that an adjusted bank rescue... READ MORE

Financial crisis to keep lending rates high

by Staff Reporter • 1 Oct 2008

Home lending rates could remain unchanged despite speculation that the RBA could cut rates by up to 50 basis points... READ MORE

Weak building activity puts pressure on affordability

by Staff Reporter • 1 Oct 2008

Building approval data released by the ABS shows weak construction activity has persisted into the second half of the... READ MORE

PLAN acquisition complete: Challenger

by Staff Reporter • 1 Oct 2008

Challenger Financial Services now dominates Australia’s aggregation sector on yesterday’s news that it has... READ MORE

Australian property values steady

by Staff Reporter • 1 Oct 2008

Australia’s severe housing shortage has underpinned housing prices and will shield the market against any wide... READ MORE

Financial crisis intensifies as US bail-out plan rejected

by Staff Reporter • 30 Sep 2008

Panic struck global financial markets overnight as the US House of Representatives kicked out the US$700 billion... READ MORE

$4b RMBS investment not enough: Mortgage Choice, First Mac

by Staff Reporter • 30 Sep 2008

While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE

$4b RMBS investment not enough: Mortgage Choice, First Mac (2)

by Staff Reporter • 30 Sep 2008

While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE

Bradford & Bingley second UK bank failure for 2008

by Staff Reporter • 30 Sep 2008

Bradford and Bingley has become the second UK bank to be nationalised this year as a result of the worsening credit... READ MORE

Citi new US banking giant

by Staff Reporter • 30 Sep 2008

Citigroup will become the United States’ largest bank by deposits after agreeing to acquire all banking... READ MORE

Government to boost non-bank sector

by Staff Reporter • 29 Sep 2008

The industry has welcomed a $4 billion government plan to bolster competition in the mortgage market.

WaMu biggest US bank collapse yet

by Staff Reporter • 29 Sep 2008

Washington Mutual, bought by banking giant JP Morgan for $1.9bn after seizure by the US authorities late last week,... READ MORE

Green light for US bailout

by Staff Reporter • 29 Sep 2008

Congress yesterday reached a landmark agreement that will release US$700 billion ($843.35 billion) to bail out Wall... READ MORE

Don't blame brokers for arrears: MFAA

by Staff Reporter • 27 Sep 2008

The MFAA has hit back at suggestions that mortgage brokers have played a role in the rise of home loan arrears.... READ MORE