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Breaking News
Third of brokers fear bank pull out
by Staff Reporter • 17 Oct 2008
Aggregation heads have been quick to reassure brokers that the Australian market is unlikely to see the departure of a...
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In the papers: Aussie under investigation
by Staff Reporter • 17 Oct 2008
Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40...
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NAB issues prime RMBS
by Staff Reporter • 17 Oct 2008
National Australia Bank has issued a RMBS worth close to $3 billion. The deal, which is NAB’s second issue for...
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Mortgage demand lowest in close to 30 years
by Staff Reporter • 17 Oct 2008
Demand for home loans has sank to levels not seen since 1982, as high interest rates, the soaring cost of living and...
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First home owner grant won?t cause house price spike
by Staff Reporter • 16 Oct 2008
The Housing Industry Association (HIA) has dismissed claims that the government’s first home owner grant (FHOG)...
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Government measures improve prospects for economic growth
by Staff Reporter • 16 Oct 2008
Economic growth will continue to slow in the medium term but will not fall into recession, a Westpac-Melbourne...
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GE Money priced out of wholesale market
by Staff Reporter • 16 Oct 2008
Two weeks after withdrawing its prime Flexible Options products from the broker channel GE Money has gone from...
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Bank salaries under fire for triggering risky bank practices
by Staff Reporter • 16 Oct 2008
Bank executives’ pay packages are the latest issue to come under scrutiny in wake of the global financial...
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Firstfolio in talks to buy Domain
by Staff Reporter • 15 Oct 2008
Just one day after declaring its intentions to purchase eChoice, Firstfolio today announced it is in advanced talks to...
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Lower rates and government incentives to boost property market
by Staff Reporter • 15 Oct 2008
While the RBA’s dramatic one per cent rate cut failed to impact weekend auction figures, there’s little...
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Business conditions steady but outlook weak
by Staff Reporter • 15 Oct 2008
Business conditions and confidence remained relatively stable in September, despite international financial turmoil,...
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$4b RMBS investment scheme under way
by Staff Reporter • 15 Oct 2008
Plans to reinvigorate non-bank lending are on track with the Australian Office of Financial Management (AOFM) inviting...
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Suncorp shelves sale for now
by Staff Reporter • 15 Oct 2008
In light of “changed” financial sector circumstances Suncorp has concluded discussions with prospective...
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Government unveils boost to homebuyers
by Staff Reporter • 14 Oct 2008
The government today announced an emergency $10.4 billion package to boost consumer confidence and economic growth in...
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MGIC stake up for grabs
by Staff Reporter • 14 Oct 2008
Mortgage insurer MGIC Australia is ready to sell a $100 million stake in its business. According to The Australian...
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Government budget initiatives to ward off slowdown
by Staff Reporter • 14 Oct 2008
The government will consider revised budget initiatives to boost consumer confidence and economic growth in the face...
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Markets soar on G7 pledge
by Staff Reporter • 14 Oct 2008
World equity markets rocketed over night as investors flooded back to capitalise on bargain share prices. In the US...
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Commercial lending suffers
by Staff Reporter • 14 Oct 2008
Low consumer and business sentiment and a weakening economy were reflected in a downturn in finance activity in...
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Firstfolio to buy eChoice
by Staff Reporter • 14 Oct 2008
Firstfolio Ltd today announced that it has entered into an agreement to acquire up to 100 per cent of online mortgage...
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Mortgage holders still confident about financial position
by Staff Reporter • 13 Oct 2008
Mortgage Choice’s Financial Temperature Check Survey has found that despite the international credit crunch and...
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Canberra broker admits to fraud
by Staff Reporter • 13 Oct 2008
A broker has pleaded guilty to a range of fraud offensives following a probe by ASIC.
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Funding costs ease
by Staff Reporter • 13 Oct 2008
Australian funding costs have eased following the government’s announcement that it would guarantee bank...
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Suncorp fails to attract buyer
by Staff Reporter • 13 Oct 2008
Suncorp has shelved plans to auction off its banking and wealth management operations after receiving only one bid...
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Bush rallies G7 to fight global financial instability
by Staff Reporter • 13 Oct 2008
The G7 nations have pledged to take “decisive action” against the global financial crisis, following their...
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Weekend auctions disappoint
by Staff Reporter • 13 Oct 2008
Last week’s one per cent rate cut failed to inspire property buyers in a sluggish weekend for property...
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