Breaking News
No commission cuts from ANZ
by • 2 May 2008
ANZ has broken its silence on broker commissions, confirming exclusively with Mortgage Business this afternoon that no...READ MORE
New home sales hit by high interest rates
by • 1 May 2008
New home sales figures released yesterday by the Housing Institute of Australia (HIA) show that high interest rates... READ MORE
Westpac delivers strong profit result
by • 1 May 2008
Westpac this morning delivered a “robust” net profit for the six months ending 31 March 2008 of $2,202... READ MORE
US rates down to 2pc
by • 1 May 2008
The Federal Reserve’s Federal Open Market Committee lowered the United States’ official cash rate... READ MORE
New St George commissions structure wins aggregator approval
by • 1 May 2008
St George announced yesterday that from 1 June 2008 it will change the way mortgage brokers earn their commissions.... READ MORE
Rate rises stunt property price growth
by • 30 Apr 2008
March quarter housing figures released today by Australian Property Monitors (APM) have revealed that property markets... READ MORE
US foreclosures up more than 100pc
by • 30 Apr 2008
Foreclosure filings increased in the United States by 23 per cent in the March quarter 2008 to 649,917, online real... READ MORE
S&L and Austral CU merger likely
by • 30 Apr 2008
Savings & Loans is seeking to merge with Austral Credit Union in a move to boost its presence in the Melbourne... READ MORE
Credit union M&As set to increase
by • 30 Apr 2008
Moody’s Investors Service (Moody’s) said today that the credit outlook for the Australian credit union... READ MORE
NAB reveals alternatives to broker commission cuts
by • 30 Apr 2008
National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts.
READ MORESt George latest to rethink broker commissions
by • 30 Apr 2008
St George announced this afternoon that from 1 June 2008 it will change the way mortgage brokers earn their... READ MORE
Uncertain outlook for building societies: Moody's
by • 29 Apr 2008
The outlook for Australian building societies has been labelled "negative" by Moody’s in its... READ MORE
New home building to lag until 2009/10
by • 29 Apr 2008
The new home building cycle is unlikely to see any significant upturn until 2009/10, the Housing Institute of... READ MORE
Second largest UK lender halves maximum loan size
by • 29 Apr 2008
Dry funding markets are accelerating mortgage rationing in the UK, with Nationwide Building Society –... READ MORE
No plans to cut broker commissions: NAB
by • 28 Apr 2008
National Australia Bank (NAB) does not plan to cut third-party commissions but is instead exploring ideas of... READ MORE
Westpac hikes variable interest rates
by • 28 Apr 2008
Westpac today announced a rise of 0.10 per cent to its standard variable home lending rate, effective Friday 2 May... READ MORE
Interest rates hammer Melbourne property market
by • 28 Apr 2008
Four successive rate rises have taken their toll on Melbourne’s property market, Real Estate Institute of... READ MORE
More commission cuts on the cards
by • 28 Apr 2008
Aggregators are braced for a swathe of commission cuts however they are not expected to be as dramatic as those... READ MORE
S&P raises ratings on Pepper?s loans
by • 28 Apr 2008
Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust... READ MORE
ANZ and NAB hike rates
by • 28 Apr 2008
ANZ and NAB both announced ten basis point increases to their standard variable mortgage rates over the long... READ MORE
GE reaffirms commissions guarantee
by • 28 Apr 2008
GE Money Third Party Solutions (GE Money) has reaffirmed it will guarantee broker commissions on its prime mortgage... READ MORE
Nationwide Lending secures GE Money funding accreditation
by • 24 Apr 2008
Nationwide Lending has entered into a new funding partnership with GE Money Third Party Solutions (GE Money).
READ MOREAussie mortgage stress on the rise
by • 24 Apr 2008
Around 13 per cent of Australian households are in mortgage stress according to JPMorgan’s Anatomy of Australian... READ MORE
Fitch rates Kingfisher Trust 2008-1 AAA
by • 24 Apr 2008
Fitch Ratings yesterday rated an $11.23 billion ANZ mortgage-backed issue ‘AAA’.
READ MORENew funding, pricing for Collins Securities
by • 24 Apr 2008
Collins Securities has relaunched its product range with more competitive pricing after securing a new funding... READ MORE
CPI rises 1.3 per cent
by • 23 Apr 2008
The headline consumer price index (CPI) rose 1.3 per cent in the March quarter, ABS figures revealed today.
READ MOREAIMS suspends product ranges
by • 23 Apr 2008
AIMS Home Loans (AIMS) informed brokers yesterday that it had temporarily suspended new applications for its low-doc... READ MORE
CBA to cut broker commissions
by • 23 Apr 2008
The Commonwealth Bank (CBA) today confirmed its intention to reduce third-party commissions.
READ MOREIndustry backs broker channel despite lender withdrawals
by • 23 Apr 2008
Despite a number of lenders recently exiting third-party distribution major funders are not expected to follow.... READ MORE
Seven pc drop to ANZ profit
by • 23 Apr 2008
Australia and New Zealand Banking Group (ANZ) today announced a profit after tax for the six months ending 31 March... READ MORE

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