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Major banks quick to cut rates
by Staff Reporter • 3 Dec 2008
NAB and CBA revealed shortly after the RBA rate announcement that they would pass the 100 basis point reduction on,... READ MORE
Bank deposits soar
by Staff Reporter • 1 Dec 2008
Figures released by APRA on Friday showed banks’ household saving deposits rose three per cent in October,... READ MORE
Bankwest cuts fixed rates
by Staff Reporter • 28 Nov 2008
According to the WA based bank, the fixed rate loan is the most competitive in the market beating its nearest rival... READ MORE
Non-conforming delinquencies still rising
by Staff Reporter • 27 Nov 2008
In Q3 2008, average RMBS non-conforming delinquencies greater than 90 days past due reached another new record... READ MORE
Refinancing activity to pick up
by Staff Reporter • 26 Nov 2008
According to Mortgage Choice 41 per cent of property owners plan to make improvements to their home next year –... READ MORE
Residential building recovery in sight
by Staff Reporter • 24 Nov 2008
According to BIS Shrapnel residential construction will be a key support for the Australian economy in 2009 however... READ MORE
FirstMac ?takes fight to banks? with 3.99pc introductory rate
by Staff Reporter • 22 Nov 2008
Called the FightBack loan, FirstMac managing director and founder Kim Cannon said he believes the introductory fixed... READ MORE
Banks seek guarantee time frame
by Staff Reporter • 21 Nov 2008
The pressure comes as banks voice their concerns that the three year $1 million deposit guarantee threshold will have... READ MORE
No impact to Citibank third-party business by worldwide job cuts
by Staff Reporter • 21 Nov 2008
Speaking with Mortgage Business, Peter Hayward, Citibank Mortgage’s head of distribution and marketing, said... READ MORE
ANZ 90pc LVR cap concern for industry
by Staff Reporter • 20 Nov 2008
According to an ANZ spokesperson the bank made the change on Monday in response to weaker economic conditions... READ MORE
Bleak economic forecast from Westpac
by Staff Reporter • 20 Nov 2008
The Westpac-Melbourne Institute Leading Index recorded a “disturbing” fall from 3.5 per cent in August to... READ MORE
Regional banks less affected by credit crisis than majors
by Staff Reporter • 20 Nov 2008
The study showed regional banks’ profits before tax were affected a lot less by the credit crisis than their... READ MORE
Liquidity boost for Challenger, RESIMAC
by Staff Reporter • 18 Nov 2008
The mortgage manager and originator sector has been buoyed by the news that Challenger Mortgage Management and... READ MORE
ANZ to cut jobs
by Staff Reporter • 14 Nov 2008
An ANZ spokesperson told Mortgage Business today that speculation of a 10 per cent work force reduction was... READ MORE
Westpac, St George merger approved
by Staff Reporter • 14 Nov 2008
Approximately 95 per cent of St George’s shareholders voted in favour of the deal, the banks confirmed... READ MORE
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