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UBS posts record losses as sub-prime crisis bites
by Staff Reporter • 15 Feb 2008
European banking giant UBS yesterday posted a shocking fourth quarter loss of US$13.7 billion ($15.2 billion).
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Unemployment hits record low
by Staff Reporter • 15 Feb 2008
The unemployment rate fell to a 33-year low in January of 4.1 per cent.
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Possible step towards national conveyancing system
by Staff Reporter • 15 Feb 2008
A meeting chaired by Attorney-General assistant Richard Glenn will take place in Canberra today to discuss the push... READ MORE
Optimism for non-bank market share rebound
by Staff Reporter • 15 Feb 2008
The non-bank sector took a blow this week after ABS figures revealed its market share decreased during... READ MORE
Over 60s still confused about reverse mortgages
by Staff Reporter • 14 Feb 2008
An overwhelming number of retirees do not understand equity release products, the SEQUAL-RFI Reverse Mortgage Study... READ MORE
NZ to create affordable housing supply
by Staff Reporter • 14 Feb 2008
The New Zealand government yesterday announced action plans to make housing more affordable for more the... READ MORE
Significant drop in banking, mortgage jobs
by Staff Reporter • 13 Feb 2008
The demand for staff across the banking and finance sector is on the decline, the Olivier Job Index for January... READ MORE
Project Lifeline extended to struggling US borrowers
by Staff Reporter • 13 Feb 2008
The US Treasury Secretary Henry Paulson announced overnight an urgent plan to assist struggling US homeowners who are... READ MORE
Wholesale funding costs to stay high: CBA
by Staff Reporter • 13 Feb 2008
Wholesale funding costs are likely to remain above levels experienced in 2007, the Commonwealth Bank (CBA) said... READ MORE
Housing affordability continues to worsen
by Staff Reporter • 13 Feb 2008
Despite a slight improvement in home affordability in New South Wales, the national index for housing affordability... READ MORE
Small improvement in affordability for NSW home buyers
by Staff Reporter • 13 Feb 2008
Housing affordability for first home buyers in NSW improved slightly during the last quarter of 2007.
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'Natural selection' to drive market consolidation
by Staff Reporter • 12 Feb 2008
Consolidation has been tipped once again as the future for mortgage lenders The Advertiser reported... READ MORE
Developers add luxury extras to entice home buyers
by Staff Reporter • 12 Feb 2008
Property developers are adding luxury extras to housing estates in a bid to entice buyers, The Australian Financial... READ MORE
Consumer appetite for debt slows
by Staff Reporter • 12 Feb 2008
Australian consumers have become increasingly cautious about taking on extra debt, the Veda Advantage Credit Demand... READ MORE
ASIC to review home loan fees ?immediately?
by Staff Reporter • 12 Feb 2008
ASIC will commence its examination into home loan switching fees immediately in line with the Federal... READ MORE
Turbulent market could favour non-banks
by Staff Reporter • 12 Feb 2008
Volatile market conditions and a rising rate environment could pave the way for a resurgent non-bank sector.
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Monetary policy requires further tightening: RBA
by Staff Reporter • 12 Feb 2008
Inflation risks remain uncomfortably high and monetary policy is likely to need further tightening, the RBA warned... READ MORE
Home refinance activity increases during December
by Staff Reporter • 12 Feb 2008
The value of housing loans refinanced during December 2007 rose a seasonally adjusted 6.6 per cent ($260 million)... READ MORE
Swan approves measures to tackle switching fees
by Staff Reporter • 11 Feb 2008
Federal Treasurer Wayne Swan approved four measures to tackle barriers to switching banks at Friday’s meeting... READ MORE
Thousands of fixed-rate mortgages set to expire
by Staff Reporter • 11 Feb 2008
Tens of thousands of borrowers will soon be looking to refinance their home loans as their fixed-rate mortgages expire... READ MORE
Fear for viability of low and no doc loans
by Staff Reporter • 11 Feb 2008
Brokers may avoid selling low and no doc loans under proposed national industry legislation, broker groups have... READ MORE
QLD residential property supply hit by property group collapse
by Staff Reporter • 11 Feb 2008
In a blow to the Queensland residential property sector over 200 residential building projects have been left in the... READ MORE
NAB lifts variable home loan rate
by Staff Reporter • 9 Feb 2008
NAB is the latest major bank to announce rate increases that exceed the RBA’s 25 basis points hike.
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Deposit accounts attractive source of funding
by Staff Reporter • 9 Feb 2008
Banks could move to offer better interest rates on deposit accounts to avoid sourcing funds from volatile credit... READ MORE
NAB acquires RHG mortgages
by Staff Reporter • 8 Feb 2008
National Australia Bank (NAB) announced today that it has acquired approximately $1 billion of mortgages originated by... READ MORE
AMP lifts rates by 0.33 per cent
by Staff Reporter • 8 Feb 2008
AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise,... READ MORE
Interest rate cuts may not benefit UK borrowers
by Staff Reporter • 8 Feb 2008
The Bank of England’s Monetary Policy Committee reduced
interest rates yesterday by 0.25 percentage points to... READ MORE
Nationwide office vacancies lowest in 20 years
by Staff Reporter • 7 Feb 2008
Office markets around the country have recorded their best performance in 20 years according to the Property... READ MORE
GMAC reports US$724 million fourth quarter loss
by Staff Reporter • 7 Feb 2008
US-based GMAC Financial Services this week reported a US$724 million ($811 million) net loss for the fourth quarter,... READ MORE
Swan fast-tracks plans to cut switching fees
by Staff Reporter • 7 Feb 2008
Federal Treasurer Wayne Swan has fast-tracked plans to make switching between home loan providers easier after... READ MORE
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