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Breaking News
Pepper Homeloans defies sub-prime meltdown speculation
by Staff Reporter • 27 Oct 2007
Pepper Homeloans confirmed a record pricing for its Residential Securities Trust No. 6 (PRS6) non-conforming issue,...
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Sub-prime bomb stoppable with risk analysis
by Staff Reporter • 26 Oct 2007
The US sub-prime contagion was predictable ten months before it occurred if banks fund managers and insurers had...
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GMAC-RFC pilot program takes flight
by Staff Reporter • 26 Oct 2007
Selected brokers from the FAST, Astute and The Mortgage Professionals aggregation groups will take part in...
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MFAA and Pisces join LIXI board
by Staff Reporter • 25 Oct 2007
The Lending Industry SML Initiative (LIXI) has appointed the MFAA and Pisces Group to its board at an annual general...
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CPI figures point to pending rate rise
by Staff Reporter • 24 Oct 2007
The September quarter’s CPI figures indicated a 0.7 per cent rise in headline inflation for an annual rate of 1.9 per...
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Homepath?s profits squeezed by credit slump
by Staff Reporter • 24 Oct 2007
Commonwealth Bank of Australia’s internet-based direct lending arm Homepath has reported a net profit loss of...
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Housing shortage could fuel inflation
by Staff Reporter • 23 Oct 2007
The lack of new housing in Australia coupled with an influx in migration is piling pressure on the nation’s...
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Australian lenders maintain fight against money laundering, terrorism...
by Staff Reporter • 23 Oct 2007
Australia will strengthen its fight against money laundering and terrorism financing through the introduction of a...
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Appointments: The Brokerage welcomes new player
by Staff Reporter • 22 Oct 2007
National aggregation firm The Brokerage has recruited ex-rugby league professional Joel Caine as head of key accounts...
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Surging rents will swallow tax cuts
by Staff Reporter • 21 Oct 2007
Low vacancy rates and housing affordability issues will see the Federal government’s promised tax cuts eaten by...
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Hunter credit unions join forces
by Staff Reporter • 17 Oct 2007
Three Hunter Valley-based credit unions have announced plans to merge.
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Australian First Mortgage reports healthy returns
by Staff Reporter • 16 Oct 2007
Australian First Mortgage (AFM) has reported a profitable end to the 2007 financial year. Overall the business...
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CBA pass on 50bp to consumers
by Staff Reporter • 15 Oct 2007
CBA recently bumped up its quarterly Line of Credit reference rate by a hefty 50 basis points.
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Markets could recover by Christmas
by Staff Reporter • 15 Oct 2007
Tightening global liquidity has rattled Australia's lending industry, with rising funding costs disrupting the...
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Smartline taps into financial services sector for growth
by Staff Reporter • 12 Oct 2007
Smartline has announced plans to boost its national presence to 300 franchises over the next five years — and is...
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A Northern Rock in Australia?
by Staff Reporter • 4 Oct 2007
As funding costs continue to rise, some are questioning whether Australian lenders are vulnerable to the same fate as...
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RAMS franchise goes under the hammer
by Staff Reporter • 2 Oct 2007
Westpac Bank has snapped up non-bank lender RAMS Home Loans Group’s (RAMS) franchise distribution business for...
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Macquarie re-starts a cautious Australian RMBS market
by Staff Reporter • 28 Sep 2007
Macquarie's September $500 million RMBS PUMA bond issue may have seemed like small fry compared to the deals done...
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Lenders unconcerned by banking sector consolidation
by Staff Reporter • 17 Sep 2007
Ongoing consolidation in the banking sector hit the headlines again in September with the Australian Competition and...
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Capital First sells $620 million loan book to Firstfolio
by Staff Reporter • 11 Sep 2007
Capital First has completed its transition to a non-conforming lender, agreeing to sell its $620 million prime...
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Rates stable, for now
by Staff Reporter • 5 Sep 2007
Despite continued strong economic growth, the Reserve Bank of Australia (RBA) has left interest rates unchanged.
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Appointments: New faces in MGIC Australia
by Staff Reporter • 5 Sep 2007
John Park has been appointed finance leader of MGIC Australia as the company continues its growth strategy. Park will...
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Appointments: GMAC-RFC boosts Queensland relationship team
by Staff Reporter • 5 Sep 2007
GMAC-RFC has stepped up its relationship support for its wholesale lending arm, GMAC-RFC Partners, with the appointment...
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Appointments: Capital First appoints new BDM for New South Wales
by Staff Reporter • 5 Sep 2007
Capital First, a GMAC-RFC company, has expanded its operations with the appointment of James Kearny as business...
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BoQ ?natural consolidator? for building societies and credit unions
by Staff Reporter • 3 Sep 2007
Bank of Queensland (BoQ) managing director David Liddy stresses building scale and reach are the main drivers of the...
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