Breaking News
Diversification to boom
by Staff Reporter • 10 Apr 2008
According to the latest Mortgage Business straw poll nearly 86 per cent of mortgage businesses are considering or have...READ MORE
ASF proposes model to unfreeze Australian MBS
by Staff Reporter • 10 Apr 2008
The government should guarantee the mortgage-backed securities (MBS) market to improve liquidity and curb home loan... READ MORE
AML/CTF interpretation assistance package announced
by Staff Reporter • 9 Apr 2008
AUSTRAC yesterday announced the launch of a series of publications to assist industry stakeholders interpret the... READ MORE
NAB and TCU form partnership to extend Indigenous banking
by Staff Reporter • 9 Apr 2008
NAB will provide up to $1 million to assist indigenous banking services in the Northern Territory, it announced... READ MORE
Rate cuts not far off: NAB
by Staff Reporter • 9 Apr 2008
Interest rate cuts are set to come sooner rather than later, according to NAB’s March Business Survey &... READ MORE
IMF recommends actions for credit crisis recovery
by Staff Reporter • 9 Apr 2008
The International Monetary Fund (IMF) released its biannual Global Financial Stability Report this week, outlining... READ MORE
Weak first quarter for mortgage sales: AFG
by Staff Reporter • 8 Apr 2008
Leading mortgage aggregator AFG today reported falls in mortgage sales for the first three months of the year,... READ MORE
ING mortgage portfolio now Australia?s sixth largest
by Staff Reporter • 8 Apr 2008
ING DIRECT has announced an 18 per cent increase in annual profit to $171.2 million for the 12 months ending 31... READ MORE
ANZ prepares for $1 billion in bad debt
by Staff Reporter • 8 Apr 2008
ANZ has bolstered its default provision for credit impairments to almost $1 billion, the bank’s chief executive... READ MORE
Chronic housing shortage looming: Master Builders
by Staff Reporter • 8 Apr 2008
Dwelling approvals released yesterday by the ABS showed barely any sign of change for February, and are now falling in... READ MORE
Big banks' exit fees dwarf credit unions?
by Staff Reporter • 7 Apr 2008
Australia’s big five banks are slugging borrowers far higher exit fees than smaller lenders or credit unions,... READ MORE
RBA backs lenders? rate hikes
by Staff Reporter • 7 Apr 2008
RBA governor Glenn Stevens has given his support to Australian lenders that pass on higher funding costs to... READ MORE
Wide Bay confident of profit expectations, despite higher funding...
by Staff Reporter • 7 Apr 2008
Wide Bay Australia has confirmed expectations it will achieve a 12 per cent increase in net for profits for the... READ MORE
Mortgage Lenders Council back on non-bank agenda
by Staff Reporter • 7 Apr 2008
Loss of market share to the banks has prompted a number of non-bank lenders to consider the possibility of... READ MORE
Australian economy highly vulnerable to housing slumps
by Staff Reporter • 4 Apr 2008
Australia has the fourth easiest access to housing credit in the world, the International Monetary Fund (IMF) World... READ MORE
Rents to double in four years
by Staff Reporter • 4 Apr 2008
Median asking rents rose by double digits in all capital cities over the last 12 months, Australian Property... READ MORE
MFAA warns of ?back to the future? danger for industry
by Staff Reporter • 4 Apr 2008
The MFAA has called for action to ensure competition in the mortgage industry.
READ MOREPLAN Australia founder to spearhead Challenger aggregation interests
by Staff Reporter • 3 Apr 2008
Challenger Mortgage Management today announced the appointment of Alex Moulieris as general manager, broker... READ MORE
It?s business as usual for Origin
by Staff Reporter • 3 Apr 2008
Contrary to reports in the daily and mortgage industry press, Origin – ANZ’s wholesale mortgage division... READ MORE
Pain to hit affluent housing markets
by Staff Reporter • 3 Apr 2008
Signs are beginning to appear that some of Australia’s more affluent housing markets are feeling the pinch,... READ MORE
Demand for loans drives UK lender to halt applications
by Staff Reporter • 3 Apr 2008
Online and telephone lender First Direct, a division of HSBC – one of Europe’s largest banks – has... READ MORE
Jury out on 10pc rates
by Staff Reporter • 2 Apr 2008
The industry is split over the possibility that home loan interest rates will hit the 10 per cent mark.
READ MOREIndustry agrees on need for regulation, but not costs
by Staff Reporter • 2 Apr 2008
Financial institutions have a positive attitude towards increased regulation of the financial sector, The Report on... READ MORE
Genworth Hardship Program reaches significant milestone
by Staff Reporter • 2 Apr 2008
Mortgage Insurer Genworth Financial announced yesterday that is has now helped over 1,000 borrowers impacted by... READ MORE
Higher interest rates curb credit demand
by Staff Reporter • 2 Apr 2008
Higher interest rates are slowing Australians’ demand for debt, RBA credit aggregates for February have... READ MORE
Rates held steady at 7.25 per cent
by Staff Reporter • 1 Apr 2008
The RBA left rates unchanged today, as was widely expected, at 7.25 per cent.
READ MOREMaxis Loans ceases mortgage origination
by Staff Reporter • 1 Apr 2008
Maxis Loans ceased originating home loans yesterday, Monday 31 March.
READ MOREAustralian property market remains resilient
by Staff Reporter • 1 Apr 2008
Despite reports in March that home values had taken a hit from rising interest rates, RP Data and Rismark’s... READ MORE
St George increases standard variable rate
by Staff Reporter • 1 Apr 2008
Following Westpac and NAB, St George yesterday increased its variable interest rates by 0.10 per cent to 9.47 per... READ MORE
February new home sales fall
by Staff Reporter • 1 Apr 2008
New home sales weakened in February, dropping by 5.3 per cent according to the Housing Institute of Australia... READ MORE

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