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Second largest UK lender halves maximum loan size
by Staff Reporter • 29 Apr 2008
The reduction in the lender’s maximum loan size was announced overnight along with a change of maximum LVR from... READ MORE
Westpac hikes variable interest rates
by Staff Reporter • 28 Apr 2008
The change will bring the bank’s standard variable rate to 9.47 per cent, and in line with NAB and ANZ -- who... READ MORE
ANZ and NAB hike rates
by Staff Reporter • 28 Apr 2008
The new rates will take effect from today and will bring NAB’s standard variable to 9.46 per cent and... READ MORE
New funding, pricing for Collins Securities
by Staff Reporter • 24 Apr 2008
The new range, which is being offered to selected brokers and financial planners, includes a basic home loan at 8.60... READ MORE
Industry backs broker channel despite lender withdrawals
by Staff Reporter • 23 Apr 2008
Credit Union Australia (CUA) and Australian Seniors Finance (ASF) are the latest lenders to withdraw from the broker... READ MORE
Seven pc drop to ANZ profit
by Staff Reporter • 23 Apr 2008
The fall in profit was largely driven by a significant increase in credit impairment charges of $980 million. Despite... READ MORE
Bank of England liquidity scheme launched
by Staff Reporter • 22 Apr 2008
Under the scheme banks will be able to enter into new asset swaps for the term of one year. They will be able to... READ MORE
Credit crunch hammers Bank of America earnings
by Staff Reporter • 22 Apr 2008
The fall represented an enormous 77 per cent slump in earnings from the US$5.26 billion recorded a year... READ MORE
Building activity slides
by Staff Reporter • 21 Apr 2008
The largest falls were recorded in the Northern Territory (-9.2 per cent), New South Wales (-6.8 per cent) and... READ MORE
Insurer downgrades cause funding problems for Capital Securities
by Staff Reporter • 21 Apr 2008
Due to the requirement that all loans funded by institutional warehouse facilities be insured by an insurer with... READ MORE
ASF says it will continue financing seniors
by Staff Reporter • 17 Apr 2008
John Thomas, managing director of ASF, said the company had only decided to cease selling equity release products... READ MORE
Lenders? rate rises dampen consumer demand: RBA
by Staff Reporter • 15 Apr 2008
Taking into account the additional rises in funding costs passed on by lenders, the RBA’s Monetary Policy... READ MORE
Mortgage Lenders Council?s Canberra talks show promise
by Staff Reporter • 14 Apr 2008
Lisa Montgomery, head of consumer advocacy with non-bank lender Resi, said she was satisfied with the day’s... READ MORE
Job demand declines for retail banking and mortgage sectors
by Staff Reporter • 11 Apr 2008
The index recorded a 3.78 per cent fall in demand in the finance and banking sector, seasonally adjusted, compared to... READ MORE
Bank of England cuts rates by 0.25 per cent
by Staff Reporter • 11 Apr 2008
Despite inflation reaching a nine month high in February, the Bank of England’s Monetary Policy... READ MORE
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