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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
City Pacific boss steps down
by Staff Reporter • 13 Nov 2008
“I have been seriously considering this for some months, but the situation facing the company was holding me... READ MORE
Loan losses to rise: CBA
by Staff Reporter • 13 Nov 2008
In a market update released to the stock exchange today the bank said “the group’s exposure to Lehman... READ MORE
US acts to ease spiralling foreclosures
by Staff Reporter • 12 Nov 2008
HOPE NOW, the private sector alliance of mortgage servicers, non-profits, counsellors and investors, announced... READ MORE
Rates to fall to 3.75pc within six months: NAB
by Staff Reporter • 12 Nov 2008
NAB said yesterday its October Business Survey and Economic Outlook had revealed record low business confidence and a... READ MORE
Mutuals poised to move in as second tier banks disappear
by Staff Reporter • 10 Nov 2008
The mutuals sector, which now numbers 126 credit unions and nine mutual building societies, plans to launch a... READ MORE
St George meets majors on SVR rate
by Staff Reporter • 7 Nov 2008
The reduction will bring the bank’s standard variable home loan rate to 7.74 per cent – in line with CBA,... READ MORE
Deposit guarantee scheme keeping rates high
by Staff Reporter • 6 Nov 2008
Speaking at a business lunch, Mr Schubert said the big banks had not asked for the guarantee and a transition out of... READ MORE
Westpac delivers rate cut to customers
by Staff Reporter • 6 Nov 2008
The reduction brings Westpac’s SVR home loan to 7.71 per cent, effective Monday November 10.
Speaking on the... READ MORE
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