Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Mortgage Choice cuts costs and senior management

by Staff Reporter • 17 Sep 2008

In a bid to reduce its expense base and refocus management resources on direct support for its franchise networks,...READ MORE

Federal Reserve makes billion dollar rescue loan for AIG

by Staff Reporter • 17 Sep 2008

The US Federal Reserve has agreed to lend up to US$85 billion (A$105 billion) to AIG as an emergency loan for the... READ MORE

Nationwide cracks 250 broker milestone

by Staff Reporter • 17 Sep 2008

Mortgage manager Nationwide Lending announced this week that it has accredited more than 250 brokers.

Connective chooses NextGen to support members? e-lodgement transition

by Staff Reporter • 17 Sep 2008

Connective has partnered with electronic service provider NextGen.Net to assist its brokers meet new e-lodgement... READ MORE

October rate cut unlikely

by Staff Reporter • 17 Sep 2008

Recent catastrophic events in the US financial sector and global economic uncertainty are unlikely to prompt the RBA... READ MORE

No change to US cash rate

by Staff Reporter • 17 Sep 2008

The US Federal Reserve left interest rates on hold when it met overnight, defying market expectations that Wall Street... READ MORE

Insurer reports surge in broker cross selling

by Staff Reporter • 17 Sep 2008

Mortgage protection insurer Australian Life Insurance (ALI) has revealed a substantial upswing in broker originated... READ MORE

American insurance giant on verge of collapse

by Staff Reporter • 16 Sep 2008

American International Group (AIG) could become the third major victim of the credit crisis in a week as it struggles... READ MORE

$512 million Housing Affordability Fund to boost first home buyer...

by Staff Reporter • 16 Sep 2008

Prime Minister Kevin Rudd and housing minister Tanya Plibersek yesterday launched the Housing Affordability Fund, a... READ MORE

Weak home starts reveal acute housing shortage

by Staff Reporter • 16 Sep 2008

New home starts fell by 3.7 per cent in the June quarter, to 38,348, the lowest level in a year, ABS data showed... READ MORE

Lehman files for bankruptcy

by Staff Reporter • 16 Sep 2008

Embattled investment bank Lehman Brothers yesterday filed for bankruptcy after suffering multi-billion dollar losses.... READ MORE

Carrington National withdraws from broker channel

by Staff Reporter • 16 Sep 2008

Carrington National will withdraw from third party distribution as the quality of its broker-originated loans... READ MORE

US banks launch $85b fund to mitigate liquidity pressures

by Staff Reporter • 16 Sep 2008

Ten international banks today announced plans to provide $US70 billion ($A85 billion) to help offset a credit crisis,... READ MORE

Bank of America to purchase Merill Lynch

by Staff Reporter • 16 Sep 2008

Bank of America has agreed to purchase Merrill Lynch for around $US44 billion ($A53.4 billion) The Wall Street Journal... READ MORE

UK economy tipped to recover in late 2009

by Staff Reporter • 15 Sep 2008

The UK may already be in recession, but it will not be as prolonged as that 1990s downturn, the Confederation of... READ MORE

NZ Rate cuts spark jump in consumer confidence

by Staff Reporter • 15 Sep 2008

Consumer confidence has risen to a five year high in New Zealand following the Central Bank’s decision to... READ MORE

Liquidation almost imminent for Lehman Brothers

by Staff Reporter • 15 Sep 2008

The United States faces the possible collapse of Wall Street giant Lehman Brothers as negotiations fail to spur any... READ MORE

Australian banks weather credit crisis

by Staff Reporter • 12 Sep 2008

Domestic banks remain in comparatively good shape though they now face a more challenging external environment... READ MORE

Inflation tipped to fall

by Staff Reporter • 12 Sep 2008

Consumer inflationary expectations eased in September, the Melbourne Institute’s Survey of Consumer Inflationary... READ MORE

moneyQuest launches broker lead generation platform

by Staff Reporter • 12 Sep 2008

Brokerage moneyQuest, the brainchild of former founder and director of Choice Aggregation Services Ross Begley, has... READ MORE

Stargate launches new processing and packaging solution

by Staff Reporter • 12 Sep 2008

Financial services solutions provider Stargate Group today announced the launch of a new processing and packaging... READ MORE