Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

default image

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... READ MORE
default image

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. READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

Lenders to take rate rise in their stride
by Staff Reporter • 1 Nov 2007
A rate rise is not expected to have a significant impact on mortgage lending, Stephen Halmarick Citi director co-head... READ MORE
default image

Defaults rise across Australia
by Staff Reporter • 31 Oct 2007
Credit defaults have increased dramatically over the past 12 months as rising interest rates and income hardships hit... READ MORE
default image

Hunter credit unions merger shelved
by Staff Reporter • 31 Oct 2007
Plans for Hunter Valley-based Companion Credit Union, Hunter United Employees’ Credit Union and Phoenix Credit... READ MORE
default image

Macquarie RMBS attracts strong demand
by Staff Reporter • 30 Oct 2007
The PUMA Masterfund S-5 RMBS transaction – the first Australian RMBS consisting entirely of stated income loans... READ MORE
default image

Wide Bay launches $56.6 million takeover bid for Mackay Permanent
by Staff Reporter • 30 Oct 2007
Wide Bay Australia yesterday announced an off-market takeover bid for Mackay Permanent Building Society (MPBS). READ MORE
default image

Staff, product cuts to safeguard Pepper?s future
by Staff Reporter • 29 Oct 2007
Pepper Homeloans has shelved two products and axed 19 staff members in the past two weeks as jittery capital markets... READ MORE
default image

Low doc loans still popular despite rate increases
by Staff Reporter • 29 Oct 2007
The low doc loan market grew by 26 per cent to reach $8.4 billion last year, despite being hampered by surging... READ MORE
default image

Mortgage Business unveils new print magazine and daily updated news...
by Staff Reporter • 29 Oct 2007
Mortgage Business today announced the launch of its print publication, which will hit desks across Australia over the... READ MORE
default image

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,... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

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... READ MORE
default image

Hunter credit unions join forces
by Staff Reporter • 17 Oct 2007
Three Hunter Valley-based credit unions have announced plans to merge. READ MORE
default image

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... READ MORE
default image

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. READ MORE