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Flat October for new home sales
by Staff Reporter • 29 Nov 2007
New home sales remained effectively flat in October as the housing affordability crisis showed few signs of easing. READ MORE
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Government releases new draft laws for NSW brokers
by Staff Reporter • 29 Nov 2007
The NSW Government has taken a step closer to implementing a regulatory scheme for the state’s mortgage brokers... READ MORE
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South-west Sydney dubbed worst housing stress area
by Staff Reporter • 29 Nov 2007
Mortgage stress has hit south-west Sydney harder than any other location in Australia. READ MORE
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Pepper cracks non-conforming RMBS deadlock
by Staff Reporter • 28 Nov 2007
Australian securitisation took a significant step forward this week with the news that Pepper Homeloans successfully... READ MORE
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Australian RMBS delinquencies fall September quarter
by Staff Reporter • 28 Nov 2007
The Australian prime mortgage market has shown a decline in delinquencies in the third quarter of 2007. READ MORE
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US consumer confidence declines, again
by Staff Reporter • 28 Nov 2007
Consumer confidence in the US slid again in November – plunging confidence levels to their lowest in two years. READ MORE
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Regional banks' strong profit sign of future strength
by Staff Reporter • 28 Nov 2007
Australia’s regional banks have flourished in the strong economic environment, posting strong profits and high... READ MORE
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Virgin the preferred saviour of Northern Rock
by Staff Reporter • 27 Nov 2007
Embattled UK bank Northern Rock has singled out a Richard Branson-backed Virgin Consortium as the preferred bidder for... READ MORE
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Credit crunch starting to affect UK small companies
by Staff Reporter • 27 Nov 2007
UK entrepreneurs and smaller business owners are starting to feel the squeeze of tighter credit, though the impact... READ MORE
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Education essential to reverse mortgage sector?s expansion
by Staff Reporter • 27 Nov 2007
Reverse mortgage lenders fear the consequences of a future media beat-up as consumers are slow to grasp the finer... READ MORE
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Securitisers? assets fall for first time in 12 years
by Staff Reporter • 26 Nov 2007
The total assets of Australian securitisers at the end of the September quarter were $272.4 billion – down 0.6... READ MORE
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Newcastle broker sentenced for lo doc fraud
by Staff Reporter • 26 Nov 2007
Mark Shalimov, director of investment company Future Management Group Limited (FMG), was convicted by the Sydney... READ MORE
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Housing affordability at record lows, set to worsen
by Staff Reporter • 24 Nov 2007
Home loan affordability plunged 2.2 per cent over the September quarter and 8.1 per cent over the year. READ MORE
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US mortgage applications drop 3.6 per cent
by Staff Reporter • 23 Nov 2007
US mortgage applications plunged last week according to the Mortgage Bankers Association’s (MBA) weekly mortgage... READ MORE
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CUA withdraws variable interest loans from broker network
by Staff Reporter • 23 Nov 2007
Australia’s largest credit union, Credit Union Australia (CUA), has become the latest victim of the global... READ MORE
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Wide Bay a step closer to netting Mackay
by Staff Reporter • 23 Nov 2007
Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay... READ MORE
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Brisbane office rents now more expensive than Sydney
by Staff Reporter • 23 Nov 2007
Brisbane has stolen Sydney’s mantle as the most expensive office market in the country, according to the latest... READ MORE
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Borrowers unaware of reverse mortgage pitfalls
by Staff Reporter • 22 Nov 2007
The majority of borrowers that have taken out a reverse mortgage were not fully informed about the conditions of their... READ MORE
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RAMS directors confirm support for Westpac deal
by Staff Reporter • 21 Nov 2007
RAMS Home Loans’ directors confirmed yesterday in a statement to the ASX their unanimous recommendation that... READ MORE
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BoQ walks away from Mackay bid
by Staff Reporter • 21 Nov 2007
The Bank of Queensland (BoQ) withdrew its $53.2 million takeover bid for Mackay Permanent Building Society (MPBS)... READ MORE
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US homebuilder confidence at 22-year low
by Staff Reporter • 20 Nov 2007
US homebuilder confidence for new single-family homes remains at a record low this month due to continuing mortgage... READ MORE
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BoQ bid stands
by Staff Reporter • 20 Nov 2007
The Bank of Queensland (BoQ) has announced it does not intend to increase its $53.2 million offer for Mackay Permanent... READ MORE
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Boom times for private lenders
by Staff Reporter • 19 Nov 2007
Securitised lenders may have been starved of funds since the July US sub-prime collapse but Australia’s private... READ MORE
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Mackay backs Wide Bay bid
by Staff Reporter • 19 Nov 2007
Mackay Permanent Building Society’s (MPBS) board of directors have backed Wide Bay’s latest takeover... READ MORE
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UK commercial property market slumps
by Staff Reporter • 19 Nov 2007
Confidence in the UK commercial property market has hit a four year low, with the global credit crunch listed as one... READ MORE