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RAMS undercuts major banks with rate cut
by Staff Reporter • 9 Oct 2008
RAMS Home Loans has moved quickly to pass on 0.9 per cent of the Reserve Bank’s October one per cent official... READ MORE
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Brokers? market share up
by Staff Reporter • 9 Oct 2008
Despite tough market conditions brokers continue to grow their share of the home loan market, an industry report has... READ MORE
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Tiffen and Co and The Mortgage Detective merge
by Staff Reporter • 9 Oct 2008
Canberra brokerages Tiffen and Co and The Mortgage Detective yesterday announced they had come together to form what... READ MORE
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Housing finance hits seven year low
by Staff Reporter • 9 Oct 2008
Home loan approvals fell to a seven year low in August as the official cash rate peaked at 7.25 per cent. ABS data... READ MORE
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Central banks move to contain worsening crisis
by Staff Reporter • 9 Oct 2008
Interest rates have been cut across the world over night in a coordinated move by central banks to counter the... READ MORE
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CBA snaps up BankWest
by Staff Reporter • 8 Oct 2008
Within weeks of Lloyds TSB acquiring HBOS, the group has offloaded subsidiary BankWest to CBA. The deal, which also... READ MORE
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Brokers back bank rate cuts
by Staff Reporter • 8 Oct 2008
Brokers have commended the banks’ swift move to pass the bulk of yesterday’s rate cut straight back to the... READ MORE
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Big banks pass on bulk of RBA rate cut
by Staff Reporter • 8 Oct 2008
The major banks have wasted no time in announcing a substantial proportion of the shock 1 per cent RBA rate cut will... READ MORE
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Upswing in banking jobs
by Staff Reporter • 8 Oct 2008
The number of jobs advertised in retail banking and mortgages rose in September but any significant recovery remains... READ MORE
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RBA slashes rates by 100bps
by Staff Reporter • 8 Oct 2008
The Reserve Bank today stunned financial markets with a dramatic 100 basis point reduction to the official cash... READ MORE
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CBA confirms bid for BankWest
by Staff Reporter • 7 Oct 2008
After conflicting reports last week The Commonwealth Bank has today confirmed it is in negotiations with HBOS plc to... READ MORE
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Business expectations slump
by Staff Reporter • 7 Oct 2008
Business sentiment for the December quarter looks bleak according to the latest Dun & Bradstreet National Business... READ MORE
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Credit crisis spreads through Europe
by Staff Reporter • 7 Oct 2008
Fears of contamination from the US credit crisis are rife as the German government leapt to rescue ailing bank Hypo... READ MORE
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Bail-out fails to stop Dow slide
by Staff Reporter • 7 Oct 2008
Congressional approval of the US bail-out bill failed to boost Wall Street as the Dow hit a four year low dropping 369... READ MORE
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Australian delinquencies still low
by Staff Reporter • 3 Oct 2008
Resilient Australian borrowers are still on top of their mortgage repayments despite the pressure of high funding... READ MORE
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September volumes jump: AFG
by Staff Reporter • 3 Oct 2008
The September rate clearly boosted borrower confidence as mortgage sales surged 10.2 per cent last month according to... READ MORE
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Mortgage industry fears impact of global turmoil
by Staff Reporter • 3 Oct 2008
While reports from the IMF and RBA stress that Australia’s financial system remains solid, the international... READ MORE
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Still legs in low docs
by Staff Reporter • 3 Oct 2008
Low doc lending may have slowed but contrary to recent media reports it is far from dead. Peter Hall, country... READ MORE
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RBA buys 840m RMBS
by Staff Reporter • 3 Oct 2008
The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian... READ MORE
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Senate agrees to revised bail-out package
by Staff Reporter • 2 Oct 2008
The United States Senate has approved a revised financial system bail-out bill, after the House of Representatives... READ MORE
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Borrowers won?t see 25bp cut: ANZ
by Staff Reporter • 2 Oct 2008
ANZ chief economist Saul Eslake has warned that banks will not pass on any RBA reduction unless it comes at 50 basis... READ MORE
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Job cuts on the cards for Suncorp
by Staff Reporter • 2 Oct 2008
Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff. READ MORE
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Government RMBS investment should favour low-rate lenders
by Staff Reporter • 2 Oct 2008
The government’s $4 billion investment in residential mortgage-backed securities should be directed at lenders... READ MORE
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Homeloans MD steps down
by Staff Reporter • 2 Oct 2008
Brian Jones has stepped down from his role as Homeloans Ltd managing director, according to a statement lodged with... READ MORE
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GE drops prime and fixed products
by Staff Reporter • 2 Oct 2008
GE Money has today announced it will suspend a number of its mortgage products and features including its Flexible... READ MORE