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Credit growth picks up in September
by Staff Reporter • 31 Oct 2008
Demand for credit grew at its fastest pace since March in last month on the back of the Reserve Bank’s rate cut,...READ MORE
New home sales recovery on horizon
by Staff Reporter • 31 Oct 2008
New home sales continued to decline in September however the downward cycle should soon bottom out according to the... READ MORE
Government says banks can help ease liquidity problems
by Staff Reporter • 31 Oct 2008
The Rudd government will enlist the help of the big four banks to improve liquidity for institutions not covered by... READ MORE
Negative growth pushes US towards official recession
by Staff Reporter • 31 Oct 2008
The US economy has edged ever nearer to recession after recording negative growth of 0.3 per cent for the three months... READ MORE
Seventy per cent of mortgage industry fears further downturn
by Staff Reporter • 31 Oct 2008
Despite assurances from RBA governor Glenn Stevens that the likelihood of a global catastrophe had declined, the... READ MORE
Slow-down normal, outlook positive: RBA
by Staff Reporter • 31 Oct 2008
Economic growth and household incomes will slow over the coming years but Australia remains well poised to avoid... READ MORE
Intermediaries increase share of reverse mortgages
by Staff Reporter • 30 Oct 2008
Fewer borrowers are choosing to deal direct with the lender when it comes to reverse mortgages, the Deloitte SEQUAL... READ MORE
Citibank drops commercial and personal loans, ramps residential
by Staff Reporter • 30 Oct 2008
Citibank yesterday announced that it will cease offering commercial and personal loans from November 30 and... READ MORE
Westpac profit up
by Staff Reporter • 30 Oct 2008
Westpac today delivered a 12 per cent rise in net profit to $3.859 billion for the 12 months to 30 September.
READ MORE
US rates slashed again
by Staff Reporter • 30 Oct 2008
The US official cash rate is down to one per cent after the Federal Reserve announced a 50 basis point reduction... READ MORE
FirstMac, ME score government RMBS injection
by Staff Reporter • 30 Oct 2008
FirstMac and Members Equity are the first lenders to benefit from the government’s $8 billion RMBS... READ MORE
Mainstream media ignorance blamed for bad broker press
by Staff Reporter • 29 Oct 2008
Mortgage brokers and non-bank lenders have attracted more than their fair share of unwanted media coverage over the... READ MORE
New name for PMI as acquisition finalised
by Staff Reporter • 29 Oct 2008
Mortgage insurer PMI Australia today announced that it has changed its name to QBE Lenders’ Mortgage Insurance... READ MORE
St George profit up
by Staff Reporter • 29 Oct 2008
St George today announced a net profit of $1.174 billion for the year to September 2008, a 0.9 per cent rise from... READ MORE
Businesses appetite for debt wanes
by Staff Reporter • 29 Oct 2008
Business credit applications sank in the first three months of the financial year, a six per cent drop compared to the... READ MORE
Q3 business conditions slump
by Staff Reporter • 29 Oct 2008
Business conditions suffered one of the biggest falls in the past 20 years in the September quarter, NAB’s... READ MORE
Firstfolio introduces New-Loan SMSF product
by Staff Reporter • 29 Oct 2008
Firstfolio, via its mortgage management arm New-Loan, has launched an investment product for self managed super... READ MORE
More to mortgage industry than GE Money
by Staff Reporter • 28 Oct 2008
The dust has started to settle after the shock announcement that GE Money would no longer distribute its funds via the... READ MORE
Mortgage fund freezes continue
by Staff Reporter • 28 Oct 2008
Colonial First State, one of the country’s largest fund managers, yesterday joined the growing ranks of fund... READ MORE
US home sales pick up
by Staff Reporter • 28 Oct 2008
Existing home sales increased in the United States in September, the National Association of Realtors reported this... READ MORE
First home buyer interest mounts
by Staff Reporter • 27 Oct 2008
The industry continues to report a surge in first home buyer interest off the back of the government’s first... READ MORE
Mortgage rate price war heats up
by Staff Reporter • 27 Oct 2008
Lenders are continuing to slash their lending rates outside of the RBA’s monetary policy cycle with Aussie Home... READ MORE
Guarantee scheme capped but fund managers remain excluded
by Staff Reporter • 27 Oct 2008
The government has responded to calls to put a cap on its deposit guarantee scheme but is still under pressure to... READ MORE
Weekend auctions stumble again
by Staff Reporter • 27 Oct 2008
Auction activity stalled on the weekend despite the government’s stimulus initiatives to restore confidence in... READ MORE
MFAA slams CHOICE broker snub
by Staff Reporter • 27 Oct 2008
The MFAA has hit back at claims by consumer group CHOICE that consumers can get a better deal on their mortgage by... READ MORE
GE Money ends Australian origination
by Staff Reporter • 25 Oct 2008
GE Money Australia & New Zealand today announced that it will cease offering home loans through all third-party... READ MORE
RAMS cuts rates again
by Staff Reporter • 24 Oct 2008
RAMS Home Loans today announced a further reduction to its standard variable lending rate of 20 basis points.
READ MORE
New aggregator to target small to medium broker groups
by Staff Reporter • 24 Oct 2008
RESIMAC is the latest funder to take a stake in the aggregation industry through its launch of Capel Court Financial... READ MORE
US foreclosures up 71pc
by Staff Reporter • 24 Oct 2008
Foreclosure filings in the United States surged by 71 per cent in the September quarter compared to same quarter in... READ MORE
China slow-down concern for Australian economy
by Staff Reporter • 24 Oct 2008
Slowing demand for commodities pose an increasing threat to the nation’s economy.
READ MORE
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