Breaking News
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 MOREAussie 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 MORENew 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 MOREAIMS 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 MOREIndustry 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
Credit crunch hammers Bank of America earnings
by Staff Reporter • 22 Apr 2008
Bank of America has delivered a disappointing earnings announcement for the first quarter of 2008 of US$1.21... READ MORE
BankWest guarantees broker commissions
by Staff Reporter • 21 Apr 2008
BankWest has moved to boost third-party market share through guaranteeing broker commissions until the end of the year... READ MORE
Freddie Mac jumbo loan purchases to stimulate market
by Staff Reporter • 21 Apr 2008
US government-sponsored Freddie Mac agreed last week to purchase billions of dollars of new conforming jumbo mortgages... READ MORE
Building activity slides
by Staff Reporter • 21 Apr 2008
Data released by the ABS on Friday revealed building activity fell in the December quarter by $16 billion, or 4.3 per... READ MORE
RBA buys $320 million in RMBS
by Staff Reporter • 21 Apr 2008
The RBA bought $320 million worth of mortgage-backed securities on Friday, according to The Sydney Morning... READ MORE
Insurer downgrades cause funding problems for Capital Securities
by Staff Reporter • 21 Apr 2008
Capital Securities’ funding lines have reportedly been put on hold as a result of ratings downgrades to the two... READ MORE
Brokers? future in white labelling: Wilson National
by Staff Reporter • 18 Apr 2008
Wilson National has advised brokers to turn to white labelling as commissions are slashed and lenders – such as... READ MORE
New enhancements added to Basel II Framework
by Staff Reporter • 18 Apr 2008
The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience... READ MORE
BoE plans to unblock credit markets
by Staff Reporter • 18 Apr 2008
The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for... READ MORE
Adelaide house price growth nation?s fastest
by Staff Reporter • 18 Apr 2008
Adelaide’s residential property sector is the fastest growing capital city market in Australia, RP Data’s... READ MORE
New partnership to boost Firstfolio?s footprint
by Staff Reporter • 17 Apr 2008
Mortgage manager Firstfolio has announced a new distribution partnership with Queensland mortgage services group... READ MORE
Sydney residential market growth best on east coast
by Staff Reporter • 17 Apr 2008
Results of the Australian Property Institute’s Australian Property Directions Survey, released yesterday,... READ MORE

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