Breaking News
Significant reduction to Virgin Money mortgage origination
by Staff Reporter • 15 May 2008
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage...READ MORE
Budget won?t rid economy of inflationary pressures
by Staff Reporter • 14 May 2008
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in... READ MORE
Budget brings First Home Savers Accounts to life
by Staff Reporter • 14 May 2008
The Federal budget delivered last night included several measures to combat housing affordability.
READ MOREHSBC satisfied with Q1 results
by Staff Reporter • 13 May 2008
HSBC has announced it made a strong start to the year despite turbulence in global financial markets.
READ MOREWestpac and St George agree on key merger terms
by Staff Reporter • 13 May 2008
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two... READ MORE
PMI Australia reports healthy first quarter earnings
by Staff Reporter • 13 May 2008
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released... READ MORE
Personal, commercial finance commitments drop in March
by Staff Reporter • 13 May 2008
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial... READ MORE
Broker numbers set to drop
by Staff Reporter • 12 May 2008
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring... READ MORE
Inflation set to decline: RBA
by Staff Reporter • 12 May 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on... READ MORE
New Choice Aggregation Services CEO announced
by Staff Reporter • 12 May 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the... READ MORE
Owner-occupied financing drops for non-banks, banks
by Staff Reporter • 12 May 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing... READ MORE
Westpac and St George to forge nation?s largest bank
by Staff Reporter • 12 May 2008
Westpac announced this morning that it is in merger discussions with St George Bank.
READ MORENAB profit up 25.8 per cent
by Staff Reporter • 9 May 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of... READ MORE
Rates not the monster behind mortgage stress
by Staff Reporter • 9 May 2008
Rising interest rates are not the defining cause of mortgage stress, according to mortgage insurer Genworth... READ MORE
Macquarie?s reverse mortgages off the market indefinitely
by Staff Reporter • 9 May 2008
Ongoing deterioration in global credit markets and the continued increase in the cost of funds have forced Macquarie... READ MORE
Bluestone committed to broker channel
by Staff Reporter • 8 May 2008
Bluestone has reiterated its strong support for brokers despite its decision to temporarily withdraw its reverse... READ MORE
Borrowers blame lenders for debt problems
by Staff Reporter • 8 May 2008
Three in four Australians hold financial institutions responsible for the current debt crisis, research by the... READ MORE
RMBS volumes plunge 80.5pc
by Staff Reporter • 8 May 2008
Moody’s Australian RMBS Performance Review released yesterday confirmed the startling lack of activity in... READ MORE
Mortgage lending set for tough 18 months
by Staff Reporter • 7 May 2008
Flagging consumer sentiment, record low housing affordability and the global credit crunch are all expected to take... READ MORE
Boost for Victorian first home buyers
by Staff Reporter • 7 May 2008
First home buyers in regional Victoria will be able to receive up to $15,000 in government assistance towards the... READ MORE
NAB reveals vision for new broker industry
by Staff Reporter • 7 May 2008
NAB Broker announced yesterday it will gear its services towards what it believes will be an advice-based Australian... READ MORE
Commercial property strong investment choice in turbulent times
by Staff Reporter • 7 May 2008
Despite uncertain economic conditions commercial property opportunities remain strong for investors, according to... READ MORE
St George announces strong H1 result
by Staff Reporter • 6 May 2008
St George delivered a record first half cash profit of $603 million today, 6.2 per cent up from the corresponding... READ MORE
US lending standards tightened across the board
by Staff Reporter • 6 May 2008
The number of American banks that had tightened their lending standards increased significantly over the three months... READ MORE
Rates on hold as demand slows
by Staff Reporter • 6 May 2008
The RBA has decided to leave the cash rate unchanged at 7.25 per cent.
READ MOREBleak outlook for industry growth: AFG
by Staff Reporter • 6 May 2008
April mortgage sales for aggregation group Australian Finance Group (AFG) could reflect a significant slowdown in... READ MORE
Brokers flock to white labelling
by Staff Reporter • 5 May 2008
Rising funding costs, shrinking liquidity and uncertainty over broker commissions have fuelled a surge of broker... READ MORE
House prices feel brunt of high interest rates
by Staff Reporter • 5 May 2008
House price indexes released by the ABS today confirmed that housing markets have slowed markedly because of the... READ MORE
Bendigo Bank hikes variable rate
by Staff Reporter • 5 May 2008
Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday.
READ MORE
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