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Breaking News
Westpac begins funding new RAMS loans
by Staff Reporter • 17 Nov 2007
Westpac today announced that it had completed funding arrangements for RAMS Home Loans up to $500 million.
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Victoria switches on world?s first online conveyancing system
by Staff Reporter • 16 Nov 2007
The Victorian government launched the world’s first electronic conveyancing (EC) system today.
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Research supports calls to broaden credit reporting regime
by Staff Reporter • 16 Nov 2007
Research released by Veda Advantage yesterday found that 1.9 million Australians with good credit histories have been...
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A step closer to Home
by Staff Reporter • 16 Nov 2007
The Federal Treasurer today approved the Bank of Queensland’s (BoQ) proposed $600 million takeover of...
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Wide Bay ups stakes to net Mackay Permanent
by Staff Reporter • 15 Nov 2007
Building society Wide Bay Australia has increased its bid for Mackay Permanent Building Society (MPBS) in a move to...
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FirstMac and La Trobe join Mortgage Choice panel
by Staff Reporter • 14 Nov 2007
Mortgage Choice has added La Trobe Financial Services and FirstMac to its lender panel.
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Adelaide Bank shareholders put support behind Bendigo merger
by Staff Reporter • 13 Nov 2007
Adelaide Bank’s ordinary shareholders have approved the union with Bendigo Bank.
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September ABS figures highlight market volatility says Bouris
by Staff Reporter • 12 Nov 2007
The non-bank lending sector experienced a significant drop in new business in September.
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Banks profit in time of global uncertainty
by Staff Reporter • 12 Nov 2007
Australia’s major banks have posted record profits largely off the back of a strong economy and the flow on...
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US legislation overhauls mortgage lending practices
by Staff Reporter • 9 Nov 2007
The US House Committee on Financial Services has approved new mortgage reform legislation to curb predatory lending...
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NAB first 'big four' bank to lift rates
by Staff Reporter • 9 Nov 2007
NAB has announced a 0.25 per cent increase on their variable home loan rate.
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Rate rise hits home, warns MBA
by Staff Reporter • 9 Nov 2007
Building and construction group Master Builders Australia (MBA) has raised concerns that the RBA’s latest 25...
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Mutuals post healthy returns
by Staff Reporter • 9 Nov 2007
Credit unions and building societies posted strong performances in 2007 according to KPMG’s Financial...
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MGIC confident about Australian lending but warns of further US pain
by Staff Reporter • 8 Nov 2007
Mortgage insurer MGIC today warned that a battered US lending industry faced further pain when a credit crisis peaks...
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Wizard, PodProperty launch initiative to facilitate co-ownership
by Staff Reporter • 7 Nov 2007
Wizard Home Loans has joined forces with co-ownership legal service provider PodProperty to provide specialised...
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Expected rate rise confirmed
by Staff Reporter • 7 Nov 2007
Interest rates climbed to 6.75 per cent this morning following yesterday’s RBA board meeting.
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Virgin Money Australia eyes local acquisitions
by Staff Reporter • 6 Nov 2007
Acquisitions could be on the cards for Virgin Money Australia. The announcement comes after counterpart Virgin Money...
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Fixed rate loans on the rise
by Staff Reporter • 6 Nov 2007
The proportion of property buyers opting for fixed-rate mortgages has soared 40 per cent in the past three months,...
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Liberty reacts to changing market
by Staff Reporter • 6 Nov 2007
Despite stark differences between the US and Australian sub-prime markets domestic non-conforming lenders are feeling...
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Mackay Permanent not swayed by Wide Bay bid
by Staff Reporter • 5 Nov 2007
The Bank of Queensland’s (BoQ) bid for a merger with Mackay Permanent Building Society (MPBS) remains strong as...
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Settlement volumes still strong says Deloitte
by Staff Reporter • 5 Nov 2007
Lending growth in Australia is strong despite the impact of tightening global credit markets according to Deloitte.
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Strong growth in Australian housing market
by Staff Reporter • 2 Nov 2007
Australian residential property prices grew by a stunning 12.34 per cent over the last year in spite of spiralling...
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US rates slashed to buoy economy
by Staff Reporter • 2 Nov 2007
The Federal Reserve has cut rates by 25 basis points to 4.5 per cent in response to fears of a slowing US economy.
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St George reports steady growth in home loan lending
by Staff Reporter • 2 Nov 2007
St George Bank’s residential loan portfolio (including securitised loans) reached its 10-12 per cent annual...
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Firstfolio strengthens presence in high-growth Queensland markets
by Staff Reporter • 1 Nov 2007
ASX-listed Firstfolio Ltd has ramped up its sales and distribution presence in the north Queensland and Gold Coast...
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