Breaking News
Macquarie prices $700 million RMBS
by • 15 Jul 2008
Macquarie Securitisation Limited announced yesterday that it had priced a $700 million PUMA Masterfund S-7...READ MORE
US Treasury to bail out Freddie and Fannie
by • 15 Jul 2008
In a move to prevent a complete demise of the US home loan market, the US Government has announced a plan to bail out... READ MORE
Personal finance commitments drop in May
by • 14 Jul 2008
The value of national personal financing fell by 7.8 per cent to $12.581 billion from April to May, ABS data revealed... READ MORE
Retail banking and mortgage jobs slide again
by • 14 Jul 2008
The number of jobs advertised on the internet in the retail banking and mortgage sector fell by a considerable 13.7... READ MORE
ANZ raises rates
by • 14 Jul 2008
ANZ announced on Friday it would increase the rate on its variable home loans, shortly after the Commonwealth Bank... READ MORE
US bank collapses
by • 14 Jul 2008
US lender IndyMac Bank was forced to close over the weekend, which has recast fears that the worst of the credit... READ MORE
CBA hikes rates
by • 11 Jul 2008
The Commonwealth Bank (CBA) today became the first of the big four banks to lift rates despite the RBA’s... READ MORE
NAB seeks ABN AMRO acquisition
by • 11 Jul 2008
National Australia Bank (NAB) revealed today it is in discussions to purchase ABN AMRO Australia and New... READ MORE
BoE holds rate as inflation remains above target
by • 11 Jul 2008
Despite a struggling British economy, the Bank of England (BoE) left rates unchanged overnight at five per... READ MORE
Wizard launches loan for SMEs
by • 11 Jul 2008
Wizard Home Loans yesterday announced it would target the small to medium sized enterprise (SME) market with the... READ MORE
Inflationary expectations stay at record high
by • 11 Jul 2008
Expectations for record high inflation remain high because of increased fuel, rent and food prices, the Melbourne... READ MORE
Strong growth for major aggregator
by • 10 Jul 2008
Despite depressed national home loan figures, Choice Aggregation Services (Choice) has reported an increase in... READ MORE
June unemployment results better than expected
by • 10 Jul 2008
Unemployment fell to an unexpected 4.2 per cent in June, from 4.3 per cent in May, as 24,000 more full time jobs were... READ MORE
RBA must keep rates high: IMF
by • 10 Jul 2008
The International Monetary Fund (IMF) has urged the RBA to maintain a tight stance of monetary policy in its latest... READ MORE
Consumer sentiment lowest in 16 years
by • 10 Jul 2008
Consumer sentiment fell to the lowest level since 1992 in July, the Westpac Melbourne Institute Index of Consumer... READ MORE
Loan volume slump won?t hurt diversified brokers
by • 10 Jul 2008
The weakest mortgage approvals in eight years and morbid consumer sentiment have not dented the broking... READ MORE
BankWest joins St George in new round of rate rises
by • 10 Jul 2008
BankWest has become the second bank to increase the rate on its standard variable mortgage products independent of any... READ MORE
Australian business confidence lowest since 9/11
by • 9 Jul 2008
Business conditions and sentiment deteriorated sharply in June, NAB’s monthly Business Survey and Economic... READ MORE
Housing finance commitments continue downward spiral
by • 9 Jul 2008
The value of housing finance activity declined again in May, figures from the ABS revealed today.
READ MOREBarclays cuts sub-prime loan products
by • 9 Jul 2008
The UK's fourth largest bank will stop selling new loans through its sub-prime loans unit and plans to cut around 300... READ MORE
Housing supply to deteriorate further
by • 9 Jul 2008
The prospect of an improvement in dwelling supply now appears further away than ever as builder sentiment plunged in... READ MORE
Big banks to spend billions on IT
by • 9 Jul 2008
The big four banks will invest heavily in IT in a bid to update old systems and better compete with online... READ MORE
Brokers remain confident despite rate rise fears
by • 9 Jul 2008
Brokers are braced for a fresh wave of bank rate hikes in the wake of St George’s 20 basis point rise to its... READ MORE
US house prices down, but improvement apparent
by • 8 Jul 2008
Almost all US housing markets suffered a decrease in value, figures from Radar Logic revealed yesterday.
READ MOREBanks? profits to shrink unless rates rise
by • 8 Jul 2008
The big four banks stand to suffer significant losses if they don’t follow St George’s lead and raise... READ MORE
Construction activity declines further, unlikely to pick up soon
by • 7 Jul 2008
The already tight supply of residential dwellings is set to contract further as construction activity continues to... READ MORE
MFAA welcomes COAG agreement on regulation
by • 7 Jul 2008
The MFAA has supported the Council of Australian Government’s (COAG) decision that the Federal government... READ MORE
SME's credit demand slides
by • 7 Jul 2008
A drop in business confidence, the credit crunch and a decrease in SME’s need to debt has resulted in a... READ MORE
St George hikes rates by 20bps
by • 7 Jul 2008
St George announced a 20 basis points increase to its standard variable home loan rate on Friday to 9.67 per... READ MORE
Pepper cuts sales jobs; recruits operations staff
by • 4 Jul 2008
A drop in volumes has forced Pepper Homeloans to axe six staff in its sales and sales support divisions this... READ MORE

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