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Lenders drop mortgage brokers: US

by Staff Reporter • 13 Feb 2009
A report by CNNMoney, produced overnight, said the banks’ decision to scale back use of brokers was “bad... READ MORE

CBA suspends bushfire victims' home loan costs

by Staff Reporter • 13 Feb 2009
As part of the package announced yesterday, CBA customers affected by the fires will have their home loan repayments... READ MORE

CBA profit hit by difficult economic environment

by Staff Reporter • 11 Feb 2009
The bank’s cash net profit however, which removes volatile items, fell 16 per cent year on year, after a... READ MORE

New Allstate product to challenge banks

by Staff Reporter • 10 Feb 2009
The new Mortgage Eradicator loan, which is available to a cross section of borrowers from first home buyers to... READ MORE

Prime RMBS arrears up 12bps

by Staff Reporter • 9 Feb 2009
It appears, the ratings company said, that the latest RMBS arrears statistics have yet to show any real effect of the... READ MORE

More lenders pass on full 100bps cut

by Staff Reporter • 5 Feb 2009
RAMS Home Loans announced yesterday that it would reduce its standard variable rate (SVR) by 100 basis points to 5.69... READ MORE

Building slump defies ?08 rate reductions

by Staff Reporter • 5 Feb 2009
The December fall in building approvals has highlighted the necessity of the RBA’s 1 per cent rate reduction on... READ MORE

PUBLISHER'S LETTER -- Heel dragging from lenders will cost brokers...

by Staff Reporter • 4 Feb 2009
Patience amongst brokers is beginning to wear thin. Mortgage business first reported on sluggish bank third-party... READ MORE

Consumer spending exceeds expectations

by Staff Reporter • 3 Feb 2009
Despite increasing economic uncertainty, Australian consumers spent a greater than expected $6.5 billion in the... READ MORE

Commonwealth Bank to deliver better than expected profit

by Staff Reporter • 3 Feb 2009
In a statement released to the ASX last night CBA said it expected its cash net profit after tax to be around $2... READ MORE

BankWest trims major groups' commission

by Staff Reporter • 30 Jan 2009
The changes follow the bank’s decision in April last year to freeze commission levels for its key partners... READ MORE

Wizard brand could be canned

by Staff Reporter • 29 Jan 2009
According to The Australian Financial Review, founder and executive chairman of Aussie John Symond has, in a series... READ MORE

Weak global economy and falling inflation point to big rate cut

by Staff Reporter • 29 Jan 2009
In its World Economic Outlook released overnight The International Monetary Fund (IMF) said the global economy would... READ MORE

ING Group losses no impact on ING DIRECT

by Staff Reporter • 28 Jan 2009
ING Group, parent company of local lender ING DIRECT, today announced an expected quarterly loss of €3.3 billion... READ MORE

Australia to slip into moderate recession: NAB

by Staff Reporter • 27 Jan 2009
NAB’s monthly Business Survey and Economic Outlook released today showed that business confidence and... READ MORE
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