Breaking News
US mortgage applications down, again
by • 28 Dec 2007
The Mortgage Bankers Association ‘s (MBA) mortgage applications survey for the week ending December 21 measured...READ MORE
Dwelling sales at all-time high
by • 27 Dec 2007
Dwelling sales topped $209 billion over the 2007 financial year according to the Real Estate Institute of... READ MORE
Aussies confident of continued economic boom
by • 25 Dec 2007
Australia’s property owners are confident the economy will remain strong over 2008.
READ MOREOption2Buy crushed by credit squeeze
by • 21 Dec 2007
Queensland-based business Option2Buy is facing receivership after only a few short months in the market.
READ MOREFederal Reserve?s first credit auction a hit
by • 21 Dec 2007
The Federal Reserve received strong interest from financial institutions this week from its first short-term credit... READ MORE
Housing loans drive banks? asset growth
by • 21 Dec 2007
Australian banks’ assets grew by 17.5 per cent in the 06/07 financial year, driven by strong growth in housing... READ MORE
Victorian estate agents guilty of rampant misquoting
by • 20 Dec 2007
Victorian real estate agents underquoting property prices to lure buyers to auction has reached ‘epidemic’... READ MORE
Australian banks to gain from international credit crisis
by • 19 Dec 2007
The international credit crisis will be “very good” for local banks, Justin Braitling of Australian... READ MORE
Credit unions, building societies enjoy solid growth in lending
by • 19 Dec 2007
Credit unions and building societies experienced a positive 12 months to September 2007 with lending for housing... READ MORE
Flat outlook for dwelling commencements, says MBA
by • 18 Dec 2007
While there was increased activity in dwelling commencements over the past quarter, the long-awaited recovery is still... READ MORE
The year that was: 2007 mortgage industry milestones
by • 17 Dec 2007
RAMS reduced to rubble, Challenger buys up half of the mortgage broking industry and the US sub-prime storm engulfs... READ MORE
Centro hit by credit crunch
by • 17 Dec 2007
Centro Properties Group (Centro) may become the first major Australian real estate casualty of the global credit... READ MORE
Banks up business loan rates
by • 17 Dec 2007
ANZ, Westpac and the Commonwealth Bank have all made a move to offset higher funding costs through raising rates 15 to... READ MORE
UK lenders feel credit crisis sting
by • 14 Dec 2007
Struggling UK lender Northern Rock has taken a £281 million (A$653 million) hit as a result of the credit... READ MORE
Central banks to ease pressure on short-term funding markets
by • 13 Dec 2007
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three... READ MORE
AUSTRAC launches assistance tools as AML/CTF requirements kick in
by • 13 Dec 2007
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism... READ MORE
Banks? profit cut unless rates rise: JP Morgan
by • 12 Dec 2007
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs... READ MORE
Club Financial Services acquires The Mortgage Bureau
by • 12 Dec 2007
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage... READ MORE
US cuts rates to 4.25 per cent
by • 12 Dec 2007
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis... READ MORE
Non-bank market share slides again
by • 11 Dec 2007
The non-bank sector struggled again in October to hold onto market share.
READ MOREBluestone prices A$408.9 million RMBS
by • 10 Dec 2007
Non-conforming lender Bluestone successfully priced a A$408.9 million RMBS through lead arrangers Barcap and Westpac... READ MORE
US Government sub-prime bailout meets tentative Aussie approval
by • 10 Dec 2007
Planned US government initiatives to help ease the impact of the sub-prime crisis have been met with cautious approval... READ MORE
BoQ to take on the big banks
by • 7 Dec 2007
The Bank of Queensland (BoQ) yesterday confirmed it will continue to look for strategic acquisitions to strengthen its... READ MORE
OECD says rates to rise in 2008
by • 7 Dec 2007
The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and... READ MORE
Bank of England cuts cash rate
by • 7 Dec 2007
The Bank of England Monetary Policy Committee yesterday voted to reduce the official cash rate by 25 basis points to... READ MORE
Firstfolio looks to bonds
by • 7 Dec 2007
Firstfolio has announced plans to move into niche markets beyond mortgage lending.
READ MOREBrisbane investors opt for serviced apartments over residential rental
by • 6 Dec 2007
New residential apartment completions fell in Brisbane during the financial year of 2006/07 BIS Shrapnel announced... READ MORE
Adelaide Bank increases home loan rates
by • 6 Dec 2007
Adelaide Bank lifted interest rates by 25 basis points on Monday for products across its wholesale lending program.... READ MORE
RBA changes rate reporting structure
by • 5 Dec 2007
The RBA today accompanied its cash rate announcement with a brief statement explaining the reasoning behind its... READ MORE
Expected hold on rates confirmed
by • 5 Dec 2007
The RBA today announced that interest rates will remain unchanged at 6.75 per cent.
READ MORE
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