Mortgage and Finance Brokers Breaking News - The Adviser

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.

PLAN 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.

Industry 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