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BankWest cuts Rate Tracker from broker channel
by Staff Reporter • 29 Jul 2008
BankWest will withdraw its Rate Tracker home loan from the broker channel effective this Wednesday, raising questions... READ MORE
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US legislation milestone for housing market
by Staff Reporter • 28 Jul 2008
The US Senate passed a landmark piece of housing legislation on Saturday to accelerate assistance to the troubled... READ MORE
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Flat first half for new home sales
by Staff Reporter • 28 Jul 2008
New home sales rose moderately in June but failed to alter what was an overall weak first half of 2008. READ MORE
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ANZ plans for earning slide on back of increased bad debt provisions
by Staff Reporter • 28 Jul 2008
ANZ has warned its cash earnings per share could fall by 20 to 25 per cent in 2008 on the back of increased bad debt... READ MORE
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NAB outlook revised to negative
by Staff Reporter • 28 Jul 2008
Standard & Poor’s has revised its outlook for National Australia Bank (NAB) from stable to negative in light... READ MORE
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NAB makes $830m provisions on deteriorating CDO portfolio
by Staff Reporter • 25 Jul 2008
National Australia Bank (NAB) today announced the additional provision of $830 million to its portfolio of 10 CDOs... READ MORE
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Demand for fixed-rates slides
by Staff Reporter • 25 Jul 2008
Borrowers would seem confident that rates are at or near their peak as the demand for fixed-rate loans declines. READ MORE
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Lack of affordable housing keeps Gen Ys with mum and dad
by Staff Reporter • 25 Jul 2008
Data from the ABS yesterday revealed a rise in the number of young people living at home. READ MORE
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Banks to remain independent of RBA rate moves
by Staff Reporter • 25 Jul 2008
The current trend for banks to move interest rates out of sync with the official cash rate will likely become the... READ MORE
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Sales and marketing key priority for aggregation groups
by Staff Reporter • 25 Jul 2008
Reduced volumes and bank commission cuts have reinforced the need for solid broker sales and marketing strategies. READ MORE
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Raine & Horne Financial Services hits broker milestone
by Staff Reporter • 25 Jul 2008
Raine & Horne Financial Services (RHFS) yesterday announced the appointment of its 70th mortgage broker. READ MORE
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Uni Credit Union and mecu merge
by Staff Reporter • 24 Jul 2008
Uni Credit Union (UCU) will transfer its business to mecu on Wednesday 1 August. READ MORE
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Rents skyrocket across the country
by Staff Reporter • 24 Jul 2008
The cost to rent soared over the twelve months to June with double digit growth recorded in five out of eight... READ MORE
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NZ Reserve Bank cuts rates
by Staff Reporter • 24 Jul 2008
New Zealand borrowers were rewarded a 0.25 per cent cut to the official cash rate yesterday – the first... READ MORE
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Arrears on prime low docs rise to new high
by Staff Reporter • 24 Jul 2008
Arrears on prime residential mortgages reached an all time high in May, Standard & Poor’s Australian Prime... READ MORE
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CPI rises to decade high
by Staff Reporter • 23 Jul 2008
Inflation hit an annual rate of 4.5 per cent in the June quarter, data from the ABS revealed today. READ MORE
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CBA seeks ABN AMRO takeover
by Staff Reporter • 23 Jul 2008
CBA today announced that it was in discussions with Royal Bank of Scotland to acquire the Australian arm of ABN AMRO. READ MORE
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Report shows brokers valued by borrowers
by Staff Reporter • 23 Jul 2008
Banks have increased their dominance in the mortgage market but borrowers still rely significantly on brokers to... READ MORE
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RAMS first non-bank to restructure commissions
by Staff Reporter • 23 Jul 2008
After three months of consultation with key distribution groups RAMS today announced it will restructure its broker... READ MORE
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NAB launches low-fee home loan
by Staff Reporter • 22 Jul 2008
National Australia Bank (NAB) yesterday became the first of the big banks to offer an exit fee-free home loan. READ MORE
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UK economy flirts with recession
by Staff Reporter • 22 Jul 2008
The UK’s economy will struggle to avoid a recession in 2009, the Ernst & Young ITEM Club said yesterday. READ MORE
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Money Advisers eyes expansion
by Staff Reporter • 22 Jul 2008
Money Advisers yesterday announced it has chosen Choice Aggregation Services as its new aggregator. READ MORE
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NSW rental shortage offers strong investment opportunities
by Staff Reporter • 21 Jul 2008
Though a grim prospect for renters, tight vacancy rates in New South Wales spell strong opportunities for investors,... READ MORE
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No sign of improvement in global capital markets
by Staff Reporter • 21 Jul 2008
Global capital markets will remain under considerable stress, the chief of America’s largest bank by market... READ MORE
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Two speed economy to keep inflation high
by Staff Reporter • 21 Jul 2008
Inflation could remain above three per cent until late 2009 because of solid commodity prices, Access Economics’... READ MORE