Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Residential capital city sales activity down 25pc

by Staff Reporter • 17 Jul 2008

Sales activity in the nation’s capital city markets fell by almost one quarter in the first three months of the...READ MORE

ING reveals new broker commissions

by Staff Reporter • 17 Jul 2008

ING DIRECT today announced “simple and straightforward” changes to its broker commission structure.... READ MORE

Building activity remains weak

by Staff Reporter • 16 Jul 2008

The dollar value of national building activity declined by one per cent in the March quarter compared to the December... READ MORE

Monetary policy effective: RBA

by Staff Reporter • 16 Jul 2008

Tight financial conditions and higher fuel costs are working to quell demand, minutes from the RBA’s July... READ MORE

PMI downgrade impacts $600 million RMBS

by Staff Reporter • 16 Jul 2008

Moody’s Investors Service yesterday downgraded $600 million of Australian RMBS following a downgrade to PMI... READ MORE

Over Fifty Group withdraws reverse mortgage product

by Staff Reporter • 16 Jul 2008

The Over Fifty Group has announced its decision to withdraw from the reverse mortgage market.

Westpac concludes big banks? latest round of rate hikes

by Staff Reporter • 16 Jul 2008

Westpac today announced an increase of 0.14 per cent to its standard variable rate, which makes it the final big bank... READ MORE

NAB, Suncorp move on rates

by Staff Reporter • 15 Jul 2008

NAB and Suncorp yesterday announced an increase to their standard variable lending rates.

Fed reveals responsible lending rules

by Staff Reporter • 15 Jul 2008

The Federal Reserve yesterday approved new rules to govern the home loan market and enforce responsible lending... READ MORE

Brokers braced for one-in-a-hundred year property slump

by Staff Reporter • 15 Jul 2008

Property analysts have warned that the Australian residential market faces a meltdown – a grim prospect for... READ MORE

Macquarie prices $700 million RMBS

by Staff Reporter • 15 Jul 2008

Macquarie Securitisation Limited announced yesterday that it had priced a $700 million PUMA Masterfund S-7... READ MORE

US Treasury to bail out Freddie and Fannie

by Staff Reporter • 15 Jul 2008

In a move to prevent a complete demise of the US home loan market, the US Government has announced a plan to bail out... READ MORE

Personal finance commitments drop in May

by Staff Reporter • 14 Jul 2008

The value of national personal financing fell by 7.8 per cent to $12.581 billion from April to May, ABS data revealed... READ MORE

Retail banking and mortgage jobs slide again

by Staff Reporter • 14 Jul 2008

The number of jobs advertised on the internet in the retail banking and mortgage sector fell by a considerable 13.7... READ MORE

ANZ raises rates

by Staff Reporter • 14 Jul 2008

ANZ announced on Friday it would increase the rate on its variable home loans, shortly after the Commonwealth Bank... READ MORE

US bank collapses

by Staff Reporter • 14 Jul 2008

US lender IndyMac Bank was forced to close over the weekend, which has recast fears that the worst of the credit... READ MORE

CBA hikes rates

by Staff Reporter • 11 Jul 2008

The Commonwealth Bank (CBA) today became the first of the big four banks to lift rates despite the RBA’s... READ MORE

NAB seeks ABN AMRO acquisition

by Staff Reporter • 11 Jul 2008

National Australia Bank (NAB) revealed today it is in discussions to purchase ABN AMRO Australia and New... READ MORE

BoE holds rate as inflation remains above target

by Staff Reporter • 11 Jul 2008

Despite a struggling British economy, the Bank of England (BoE) left rates unchanged overnight at five per... READ MORE

Wizard launches loan for SMEs

by Staff Reporter • 11 Jul 2008

Wizard Home Loans yesterday announced it would target the small to medium sized enterprise (SME) market with the... READ MORE

Inflationary expectations stay at record high

by Staff Reporter • 11 Jul 2008

Expectations for record high inflation remain high because of increased fuel, rent and food prices, the Melbourne... READ MORE