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Flat October for new home sales
by Staff Reporter • 29 Nov 2007
New home sales remained effectively flat in October as the housing affordability crisis showed few signs of easing....READ MORE
Government releases new draft laws for NSW brokers
by Staff Reporter • 29 Nov 2007
The NSW Government has taken a step closer to implementing a regulatory scheme for the state’s mortgage brokers... READ MORE
South-west Sydney dubbed worst housing stress area
by Staff Reporter • 29 Nov 2007
Mortgage stress has hit south-west Sydney harder than any other location in Australia.
READ MORE
Pepper cracks non-conforming RMBS deadlock
by Staff Reporter • 28 Nov 2007
Australian securitisation took a significant step forward this week with the news that Pepper Homeloans successfully... READ MORE
Australian RMBS delinquencies fall September quarter
by Staff Reporter • 28 Nov 2007
The Australian prime mortgage market has shown a decline in delinquencies in the third quarter of 2007.
READ MORE
US consumer confidence declines, again
by Staff Reporter • 28 Nov 2007
Consumer confidence in the US slid again in November – plunging confidence levels to their lowest in two... READ MORE
Regional banks' strong profit sign of future strength
by Staff Reporter • 28 Nov 2007
Australia’s regional banks have flourished in the strong economic environment, posting strong profits and high... READ MORE
Virgin the preferred saviour of Northern Rock
by Staff Reporter • 27 Nov 2007
Embattled UK bank Northern Rock has singled out a Richard Branson-backed Virgin Consortium as the preferred bidder for... READ MORE
Credit crunch starting to affect UK small companies
by Staff Reporter • 27 Nov 2007
UK entrepreneurs and smaller business owners are starting to feel the squeeze of tighter credit, though the impact... READ MORE
Education essential to reverse mortgage sector?s expansion
by Staff Reporter • 27 Nov 2007
Reverse mortgage lenders fear the consequences of a future media beat-up as consumers are slow to grasp the finer... READ MORE
Securitisers? assets fall for first time in 12 years
by Staff Reporter • 26 Nov 2007
The total assets of Australian securitisers at the end of the September quarter were $272.4 billion – down 0.6... READ MORE
Newcastle broker sentenced for lo doc fraud
by Staff Reporter • 26 Nov 2007
Mark Shalimov,
director of investment company Future Management Group Limited (FMG), was
convicted by the Sydney... READ MORE
Housing affordability at record lows, set to worsen
by Staff Reporter • 24 Nov 2007
Home loan affordability plunged 2.2 per cent over the September quarter and 8.1 per cent over the year.
READ MORE
US mortgage applications drop 3.6 per cent
by Staff Reporter • 23 Nov 2007
US mortgage applications plunged last week according to the Mortgage Bankers Association’s (MBA) weekly mortgage... READ MORE
CUA withdraws variable interest loans from broker network
by Staff Reporter • 23 Nov 2007
Australia’s largest credit union, Credit Union Australia (CUA), has become the latest victim of the global... READ MORE
Wide Bay a step closer to netting Mackay
by Staff Reporter • 23 Nov 2007
Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay... READ MORE
Brisbane office rents now more expensive than Sydney
by Staff Reporter • 23 Nov 2007
Brisbane has stolen Sydney’s mantle as the most expensive office
market in the country, according to the latest... READ MORE
Borrowers unaware of reverse mortgage pitfalls
by Staff Reporter • 22 Nov 2007
The majority of borrowers that have taken out a reverse mortgage were not fully informed about the conditions of their... READ MORE
RAMS directors confirm support for Westpac deal
by Staff Reporter • 21 Nov 2007
RAMS Home Loans’ directors confirmed yesterday in a statement to the ASX their unanimous recommendation that... READ MORE
BoQ walks away from Mackay bid
by Staff Reporter • 21 Nov 2007
The Bank of Queensland (BoQ) withdrew its $53.2 million takeover bid for Mackay Permanent Building Society (MPBS)... READ MORE
US homebuilder confidence at 22-year low
by Staff Reporter • 20 Nov 2007
US homebuilder confidence for new single-family homes remains at a record low this month due to continuing mortgage... READ MORE
BoQ bid stands
by Staff Reporter • 20 Nov 2007
The Bank of Queensland (BoQ) has announced it does not intend to increase its $53.2 million offer for Mackay Permanent... READ MORE
Boom times for private lenders
by Staff Reporter • 19 Nov 2007
Securitised lenders may have been starved of funds since the July US sub-prime collapse but Australia’s private... READ MORE
Mackay backs Wide Bay bid
by Staff Reporter • 19 Nov 2007
Mackay Permanent Building Society’s (MPBS) board of directors have backed Wide Bay’s latest takeover... READ MORE
UK commercial property market slumps
by Staff Reporter • 19 Nov 2007
Confidence in the UK commercial property market has hit a four year low, with the global credit crunch listed as one... READ MORE
Westpac begins funding new RAMS loans
by Staff Reporter • 17 Nov 2007
Westpac today announced that it had completed funding arrangements for RAMS Home Loans up to $500 million.
READ MORE
Victoria switches on world?s first online conveyancing system
by Staff Reporter • 16 Nov 2007
The Victorian government launched the world’s first electronic conveyancing (EC) system today.
READ MORE
Research supports calls to broaden credit reporting regime
by Staff Reporter • 16 Nov 2007
Research released by Veda Advantage yesterday found that 1.9 million
Australians with good credit histories have been... READ MORE
A step closer to Home
by Staff Reporter • 16 Nov 2007
The Federal Treasurer today approved the Bank of Queensland’s (BoQ) proposed $600 million takeover of... READ MORE
Wide Bay ups stakes to net Mackay Permanent
by Staff Reporter • 15 Nov 2007
Building society Wide Bay Australia has increased its bid for Mackay Permanent Building Society (MPBS) in a move to... READ MORE
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