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Adelaide Bank issues RMBS
by Staff Reporter • 1 Aug 2008
Adelaide Bank this week priced a $502.5 million prime RMBS.
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Insurance products gain traction with brokers
by Staff Reporter • 31 Jul 2008
Australian Life Insurance (ALI) today announced it has written over $10 billion in mortgage protection cover via the... READ MORE
Activity forecast for investor market
by Staff Reporter • 31 Jul 2008
Investors could be a prime target market for brokers as property prices soften and rental values soar.
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ASF presses for initiatives to protect securitisation
by Staff Reporter • 31 Jul 2008
The Australian Securitisation Forum (ASF) yesterday reignited calls for the government to address liquidity and... READ MORE
GE Money to fund AFM
by Staff Reporter • 31 Jul 2008
Australian First Mortgage has bolstered its access to funding through partnering with GE Money Third Party Solutions... READ MORE
Dwelling approvals continue downward slide
by Staff Reporter • 31 Jul 2008
Dwelling approvals continued to fall in June and are expected to flat line for the period ahead, data released by the... READ MORE
Plunging business conditions to usher 2009 rate cuts
by Staff Reporter • 30 Jul 2008
Business confidence has fallen to its lowest level since the end of the 1990 recession, NAB’s Quarterly Business... READ MORE
NZ building plans slump to seven year low
by Staff Reporter • 30 Jul 2008
Building consents in New Zealand continued to decline in June, Statistics New Zealand revealed yesterday.
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Country wide house prices falls recorded: APM
by Staff Reporter • 30 Jul 2008
National housing markets recorded their weakest quarter in four years in June, with widespread falls in values... READ MORE
Calm Melbourne market provides opportunities for buyers
by Staff Reporter • 29 Jul 2008
Melbourne property prices recovered from a fall in the March quarter to register moderate growth over the June... READ MORE
Connective CBA?s fastest growing aggregation partner
by Staff Reporter • 29 Jul 2008
Mark Haron, a principal of Connective, said yesterday the aggregation group has reached a loan book of $1 billion with... READ MORE
Mortgage Choice rejects merger bid
by Staff Reporter • 29 Jul 2008
Mortgage Choice yesterday told shareholders it had declined a merger proposal from financial advisory group Count... READ MORE
BankWest cuts Rate Tracker from broker channel
by Staff Reporter • 29 Jul 2008
BankWest will withdraw its Rate Tracker home loan from the broker channel effective this Wednesday, raising questions... READ MORE
US legislation milestone for housing market
by Staff Reporter • 28 Jul 2008
The US Senate passed a landmark piece of housing legislation on Saturday to accelerate assistance to the troubled... READ MORE
Flat first half for new home sales
by Staff Reporter • 28 Jul 2008
New home sales rose moderately in June but failed to alter what was an overall weak first half of 2008.
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ANZ plans for earning slide on back of increased bad debt provisions
by Staff Reporter • 28 Jul 2008
ANZ has warned its cash earnings per share could fall by 20 to 25 per cent in 2008 on the back of increased bad debt... READ MORE
NAB outlook revised to negative
by Staff Reporter • 28 Jul 2008
Standard & Poor’s has revised its outlook for National Australia Bank (NAB) from stable to negative in light... READ MORE
NAB makes $830m provisions on deteriorating CDO portfolio
by Staff Reporter • 25 Jul 2008
National Australia Bank (NAB) today announced the additional provision of $830 million to its portfolio of 10 CDOs... READ MORE
Demand for fixed-rates slides
by Staff Reporter • 25 Jul 2008
Borrowers would seem confident that rates are at or near their peak as the demand for fixed-rate loans... READ MORE
Lack of affordable housing keeps Gen Ys with mum and dad
by Staff Reporter • 25 Jul 2008
Data from the ABS yesterday revealed a rise in the number of young people living at home.
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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.
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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.
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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.
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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
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