Breaking News
MyRate.com.au records surge in inquiries as banks hike rates
by • 14 Jan 2008
Internet-based mortgage lender MyRate.com.au has registered a 300 per cent increase in daily inquiries since the major...READ MORE
Countrywide acquired by Bank of America
by • 14 Jan 2008
Bank of America has agreed to purchase troubled mortgage lender Countrywide Financial in a transaction worth... READ MORE
Treasurer to investigate home loan fees
by • 14 Jan 2008
Federal Treasurer Wayne Swan has announced an investigation into home loan exit fees in a move to make the mortgage... READ MORE
Bank of England holds on rates
by • 11 Jan 2008
The Bank of England left the official cash rate unchanged at 5.5 per cent overnight despite mounting concerns for the... READ MORE
Citigroup & Merrill seek billions in capital
by • 11 Jan 2008
Citigroup and Merrill Lynch, two of Wall Street’s biggest names, are seeking emergency funding from foreign... READ MORE
Big banks decline exposure to US sub-prime market
by • 11 Jan 2008
The big four banks have denied any direct link to the US sub-prime lending market despite their exposure to ailing US... READ MORE
CBA tips consolidation in 2008
by • 11 Jan 2008
The credit crisis may trigger increased consolidation among lenders, Commonwealth Bank (CBA) chief executive Ralph... READ MORE
Banks' actions could set market back by 20 years
by • 11 Jan 2008
Non-bank lender Resi Mortgage Corporation has called the behaviour of the banks into question as interest rates were... READ MORE
November retail sales put pressure on February rate rise
by • 10 Jan 2008
Retail sales recorded strong growth in November 2007, ABS figures released yesterday revealed.
READ MOREMobius? loan book risky says S&P
by • 10 Jan 2008
Standard and Poor’s has revealed Mobius Financial Services’ mortgage book as one of the nation’s... READ MORE
CBA joins NAB, ANZ in hiking rates
by • 10 Jan 2008
The Commonwealth Bank yesterday announced a rise in its variable home loan interest rate of 0.10 per cent to 8.67 per... READ MORE
Home approval growth not reflective of true market position
by • 9 Jan 2008
The November spike in home approvals may not reflect the true position of the market, the Australian Financial Review... READ MORE
Property owners enjoy bumper year: REIA
by • 9 Jan 2008
Australian home owners enjoyed a “vintage year” in 2007, according to the Real Estate Institute of... READ MORE
ANZ Chief says rate rise won?t hurt market share
by • 9 Jan 2008
ANZ’s rate rise will not impact its share of the mortgage market, CEO Michael Smith told reporters in Malaysia,... READ MORE
Bank's liquidity called into question
by • 9 Jan 2008
The Australian Prudential Regulation Authority (APRA) is investigating whether the banks have enough capital to cope... READ MORE
November dwelling approvals post upturn
by • 9 Jan 2008
Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for... READ MORE
ANZ?s rate rise under fire
by • 9 Jan 2008
ANZ is feeling the heat of public scrutiny over its decision to lift interest rates with Federal Treasurer Wayne Swan... READ MORE
Wholesale interest rate increases behind ANZ rate rise
by • 8 Jan 2008
ANZ attributed higher wholesale interest rates to its decision to increase standard variable home loan rates... READ MORE
Citigroup may cut work force by up to 10 per cent
by • 8 Jan 2008
American television channel CNBC reported that US Citigroup is considering a 5-10 per cent cutback of its workforce,... READ MORE
Major banks concede price advantage
by • 7 Jan 2008
After months of sustained media negativity directed at the non-bank sector over higher funding costs, the major banks... READ MORE
Credit unions ?price followers?
by • 7 Jan 2008
Credit unions are likely to follow the lead of the major banks by raising interest rates on standard variable... READ MORE
Westpac RAMS transaction complete
by • 7 Jan 2008
Westpac Banking Corporation completed its acquisition of the RAMS franchise distribution business on Friday.
READ MOREFast figures ? January
by • 4 Jan 2008
4,429,000 – number of baby boomers in the Australian... READ MORE
Banks ignore political pressure, lift rates
by • 4 Jan 2008
The major banks have come under fire as NAB stepped forward to hike its standard variable rate by 12 basis... READ MORE
Consumer confidence high at top end
by • 4 Jan 2008
Amid fears of crippling affordability and further interest rate rises mortgage lenders can take heart that the top end... READ MORE
Credit crunch set to hit big US banks hard
by • 3 Jan 2008
US analysts are trimming fourth quarter estimates for the US’s major banks to account for capital market... READ MORE
Members Equity Bank to fund mortgages from deposits
by • 2 Jan 2008
Members Equity Bank looks set to overhaul the way it funds home loans as a result of the liquidity problems affecting... READ MORE
Big four target European expat Aussies
by • 28 Dec 2007
Australian banks are targeting Australians living in Europe as domestic home loan affordability continues to... READ MORE

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