Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo

Breaking News

Westpac delivers strong profit result

by Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 30 Apr 2008

National Australia Bank (NAB) has indicated it will seek alternatives to broker commission cuts.

READ MORE

St George latest to rethink broker commissions

by Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 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 Staff Reporter • 24 Apr 2008

Nationwide Lending has entered into a new funding partnership with GE Money Third Party Solutions (GE Money).

READ MORE

Aussie mortgage stress on the rise

by Staff Reporter • 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 Staff Reporter • 24 Apr 2008

Fitch Ratings yesterday rated an $11.23 billion ANZ mortgage-backed issue ‘AAA’.

READ MORE

New funding, pricing for Collins Securities

by Staff Reporter • 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 Staff Reporter • 23 Apr 2008

The headline consumer price index (CPI) rose 1.3 per cent in the March quarter, ABS figures revealed today.

READ MORE

AIMS suspends product ranges

by Staff Reporter • 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 Staff Reporter • 23 Apr 2008

The Commonwealth Bank (CBA) today confirmed its intention to reduce third-party commissions.

READ MORE

Industry backs broker channel despite lender withdrawals

by Staff Reporter • 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 Staff Reporter • 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

Bank of England liquidity scheme launched

by Staff Reporter • 22 Apr 2008
The Bank of England (BoE) yesterday released details of its Special Liquidity Scheme, which effective immediately will... READ MORE

RBA moves again to stimulate RMBS market

by Staff Reporter • 22 Apr 2008
The RBA bought a further $780 million in RMBS yesterday to improve the flow of much-needed liquidity in the... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more