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Connective director says time to step back
by Staff Reporter • 20 May 2008
Sof Tsialtas has stepped down as director of aggregation group Connective, but said he would continue to have an...READ MORE
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UCU and mecu to merge
by Staff Reporter • 20 May 2008
Victorian-based credit union mecu today announced plans to merge with Queensland’s Uni Credit Union (UCU) in a... READ MORE
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Macquarie delivers record net profit
by Staff Reporter • 20 May 2008
Macquarie Group delivered a record net profit today of $1.8 billion after tax for the year ending 31 March 2008... READ MORE
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US housing starts experience April recovery
by Staff Reporter • 20 May 2008
Housing starts in the US rose more than expected during April to reach a seasonally-adjusted 1,032,000, the US... READ MORE
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Aggregation groups braced for consolidation
by Staff Reporter • 20 May 2008
The aggregation sector is geared for consolidation as sweeping changes to broker remuneration and cost pressures... READ MORE
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Four capital cities report negative growth in April
by Staff Reporter • 19 May 2008
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on... READ MORE
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Residential property listings up 74 per cent
by Staff Reporter • 19 May 2008
The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling... READ MORE
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Citibank reopens frozen credit markets
by Staff Reporter • 16 May 2008
Citibank confirmed today that it had reopened Australian securitisation markets with a $500 million Class A note RMBS... READ MORE
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Budget may slow investor activity
by Staff Reporter • 16 May 2008
Tax cuts announced in the Federal budget this week could slow investor activity and worsen the plight for renters, RP... READ MORE
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Upward swing to UK inflation
by Staff Reporter • 15 May 2008
The rate of inflation rose in the UK in April to three per cent – the highest rate in five years and well above... READ MORE
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Freddie Mac losses ?an improvement?
by Staff Reporter • 15 May 2008
US government-sponsored Freddie Mac reported a net loss of $151 million for the first quarter of 2008 overnight... READ MORE
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RMBS arrears rise, further losses expected
by Staff Reporter • 15 May 2008
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007,... READ MORE
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Significant reduction to Virgin Money mortgage origination
by Staff Reporter • 15 May 2008
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage... READ MORE
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Budget won?t rid economy of inflationary pressures
by Staff Reporter • 14 May 2008
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in... READ MORE
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Budget brings First Home Savers Accounts to life
by Staff Reporter • 14 May 2008

The Federal budget delivered last night included several measures to combat housing affordability.

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HSBC satisfied with Q1 results
by Staff Reporter • 13 May 2008

HSBC has announced it made a strong start to the year despite turbulence in global financial markets.

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Westpac and St George agree on key merger terms
by Staff Reporter • 13 May 2008
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two... READ MORE
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PMI Australia reports healthy first quarter earnings
by Staff Reporter • 13 May 2008
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released... READ MORE
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Personal, commercial finance commitments drop in March
by Staff Reporter • 13 May 2008
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial... READ MORE
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Broker numbers set to drop
by Staff Reporter • 12 May 2008
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring... READ MORE
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Inflation set to decline: RBA
by Staff Reporter • 12 May 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on... READ MORE
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New Choice Aggregation Services CEO announced
by Staff Reporter • 12 May 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the... READ MORE
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Owner-occupied financing drops for non-banks, banks
by Staff Reporter • 12 May 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing... READ MORE
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Westpac and St George to forge nation?s largest bank
by Staff Reporter • 12 May 2008

Westpac announced this morning that it is in merger discussions with St George Bank.

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NAB profit up 25.8 per cent
by Staff Reporter • 9 May 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of... READ MORE
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Rents outgrowing wages in Sydney
by Staff Reporter • 9 May 2008
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Rates not the monster behind mortgage stress
by Staff Reporter • 9 May 2008
Rising interest rates are not the defining cause of mortgage stress, according to mortgage insurer Genworth... READ MORE
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Macquarie?s reverse mortgages off the market indefinitely
by Staff Reporter • 9 May 2008
Ongoing deterioration in global credit markets and the continued increase in the cost of funds have forced Macquarie... READ MORE
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Bluestone committed to broker channel
by Staff Reporter • 8 May 2008
Bluestone has reiterated its strong support for brokers despite its decision to temporarily withdraw its reverse... READ MORE
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Borrowers blame lenders for debt problems
by Staff Reporter • 8 May 2008
Three in four Australians hold financial institutions responsible for the current debt crisis, research by the... READ MORE
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