Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Banks to remain independent of RBA rate moves

by Staff Reporter • 25 Jul 2008

The current trend for banks to move interest rates out of sync with the official cash rate will likely become the...READ MORE

Sales and marketing key priority for aggregation groups

by Staff Reporter • 25 Jul 2008

Reduced volumes and bank commission cuts have reinforced the need for solid broker sales and marketing... READ MORE

Raine & Horne Financial Services hits broker milestone

by Staff Reporter • 25 Jul 2008

Raine & Horne Financial Services (RHFS) yesterday announced the appointment of its 70th mortgage broker.

Uni Credit Union and mecu merge

by Staff Reporter • 24 Jul 2008

Uni Credit Union (UCU) will transfer its business to mecu on Wednesday 1 August.

Rents skyrocket across the country

by Staff Reporter • 24 Jul 2008

The cost to rent soared over the twelve months to June with double digit growth recorded in five out of eight... READ MORE

NZ Reserve Bank cuts rates

by Staff Reporter • 24 Jul 2008

New Zealand borrowers were rewarded a 0.25 per cent cut to the official cash rate yesterday – the first... READ MORE

Arrears on prime low docs rise to new high

by Staff Reporter • 24 Jul 2008

Arrears on prime residential mortgages reached an all time high in May, Standard & Poor’s Australian Prime... READ MORE

CPI rises to decade high

by Staff Reporter • 23 Jul 2008

Inflation hit an annual rate of 4.5 per cent in the June quarter, data from the ABS revealed today.

CBA seeks ABN AMRO takeover

by Staff Reporter • 23 Jul 2008

CBA today announced that it was in discussions with Royal Bank of Scotland to acquire the Australian arm of ABN AMRO.... READ MORE

Report shows brokers valued by borrowers

by Staff Reporter • 23 Jul 2008

Banks have increased their dominance in the mortgage market but borrowers still rely significantly on brokers to... READ MORE

RAMS first non-bank to restructure commissions

by Staff Reporter • 23 Jul 2008

After three months of consultation with key distribution groups RAMS today announced it will restructure its broker... READ MORE

NAB launches low-fee home loan

by Staff Reporter • 22 Jul 2008

National Australia Bank (NAB) yesterday became the first of the big banks to offer an exit fee-free home loan.

UK economy flirts with recession

by Staff Reporter • 22 Jul 2008

The UK’s economy will struggle to avoid a recession in 2009, the Ernst & Young ITEM Club said... READ MORE

Money Advisers eyes expansion

by Staff Reporter • 22 Jul 2008

Money Advisers yesterday announced it has chosen Choice Aggregation Services as its new aggregator.

NSW rental shortage offers strong investment opportunities

by Staff Reporter • 21 Jul 2008

Though a grim prospect for renters, tight vacancy rates in New South Wales spell strong opportunities for investors,... READ MORE

No sign of improvement in global capital markets

by Staff Reporter • 21 Jul 2008

Global capital markets will remain under considerable stress, the chief of America’s largest bank by market... READ MORE

Two speed economy to keep inflation high

by Staff Reporter • 21 Jul 2008

Inflation could remain above three per cent until late 2009 because of solid commodity prices, Access Economics’... READ MORE

Government urged to provide consumer education on mortgage market

by Staff Reporter • 18 Jul 2008

Resi Mortgage Corp has lobbied the Federal Government for the inclusion of a dedicated consumer education program as... READ MORE

Adelaide, Challenger increase delivery rates

by Staff Reporter • 18 Jul 2008

Hopes of a short term recovery in the capital markets continue to fade amid another round of wholesale funding... READ MORE

Strong short term outlook for commercial property

by Staff Reporter • 18 Jul 2008

Bullish forecasters predict a strong rebound for commercial property this year with markets tipped to strengthen... READ MORE

US loan applications grow steadily

by Staff Reporter • 17 Jul 2008

Home loan applications rose in the United States for the third week in a row, the Mortgage Bankers Association said... READ MORE

Diversified brokers unfazed by property slump

by Staff Reporter • 17 Jul 2008

Brokers remain confident that diversification strategies will mitigate the impact of a potential residential property... READ MORE

Glimmer of hope for cash rate reduction

by Staff Reporter • 17 Jul 2008

RBA governor Glenn Stevens offered some hope yesterday that interest rates may have reached their peak and the next... READ MORE

Residential capital city sales activity down 25pc

by Staff Reporter • 17 Jul 2008

Sales activity in the nation’s capital city markets fell by almost one quarter in the first three months of the... READ MORE

ING reveals new broker commissions

by Staff Reporter • 17 Jul 2008

ING DIRECT today announced “simple and straightforward” changes to its broker commission structure.... READ MORE