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Tough outlook for building societies
by Staff Reporter • 20 Feb 2009
According to Moody’s Investors Service’s Australian Building Societies: 2009 Industry Outlook , released... READ MORE
Surge in December lending
by Staff Reporter • 20 Feb 2009
The total number of owner-occupier home loans for december rose 6.4 per cent to 52,974 and a total value of $18.633... READ MORE
Leading Index points to recession
by Staff Reporter • 19 Feb 2009
The Index, which indicates the expected pace of future economic activity, fell to -1.2 per cent in December –... READ MORE
Westpac earnings slip
by Staff Reporter • 18 Feb 2009
In the December quarter Westpac advised that its cash earnings were approximately $1.2 billion, 2 per cent down on... READ MORE
Liquidity boost for mortgage lenders
by Staff Reporter • 18 Feb 2009
In a notice released yesterday the AOFM said it had selected three lenders for its next RMBS investment after... READ MORE
Royal Bank of Scotland to shed thousands of jobs
by Staff Reporter • 16 Feb 2009
According to the news report, the bank which has been partially nationalised, is expected to deliver the cost-cutting... READ MORE
Commonwealth Bank SVR tops the majors
by Staff Reporter • 16 Feb 2009
While all of the big banks passed on this month’s 100 basis point RBA rate cut in full, a spread of 0.17 per... READ MORE
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
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