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Second tier lenders increase rates above RBA hike
by Staff Reporter • 8 Dec 2009
Almost all of the second tier lenders have followed the lead of CBA, Westpac and ANZ and lifted variable mortgage rates...READ MORE
Suncorp completes executive overhaul
by Staff Reporter • 8 Dec 2009
Suncorp’s chief executive officer Patrick Snowball has completed his overhaul of the company’s executive ranks by... READ MORE
Westpac defends rate hike
by Staff Reporter • 8 Dec 2009
Westpac’s chief executive officer Gail Kelly has defended the bank’s decision to increase its variable mortgage... READ MORE
Job ad strength suggests economic recovery
by Staff Reporter • 8 Dec 2009
The total number of jobs advertised in the major metropolitan newspapers and on the internet rose by 5.2 per cent in... READ MORE
NSW borrowers worst for repaying mortgages
by Staff Reporter • 8 Dec 2009
Some postcodes in Australia have been more vulnerable to the recent rate rises, a new report by Fitch Ratings has... READ MORE
Cash rate to peak at 4.5pc: Westpac
by Staff Reporter • 8 Dec 2009
The official cash rate will only hit 4.5 per cent in 2010, Westpac’s chief economist Bill Evans has claimed.
READ MORE
Homeloans Ltd takes fight to the majors
by Staff Reporter • 7 Dec 2009
Homeloans Ltd has become the first lender outside of the big four banks to stay in line with the Reserve Bank and raise... READ MORE
NAB trials online mortgages
by Staff Reporter • 7 Dec 2009
National Australia Bank is testing an online mortgage channel in an effort to broaden the scope of its online savings... READ MORE
Rate rise fails to dent market activity: APM
by Staff Reporter • 7 Dec 2009
Momentum remains in the property market heading into the New Year despite the Reserve Bank’s decision to increase the... READ MORE
Government to crack down on market competition
by Staff Reporter • 7 Dec 2009
The federal government will ensure ‘competitive pressure’ is placed on the nation’s big four banks after three of... READ MORE
Homebuyers not deterred by lessened grant
by Staff Reporter • 7 Dec 2009
Despite being reduced in October, Australians continue to take up the federal government’s first home owners grant... READ MORE
NAB tops majors with lowest rate
by Staff Reporter • 7 Dec 2009
There is now a 27 basis point spread between the highest and lowest variable rates amongst the major banks after the... READ MORE
CBA finds middle ground on rates
by Staff Reporter • 4 Dec 2009
CBA has this afternoon announced it will increase its variable mortgage rate by 0.37 per cent p.a.
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NAB challenges other majors
by Staff Reporter • 4 Dec 2009
NAB has thrown down the gauntlet to the other two majors, after raising its variable mortgage rate by just 25 basis... READ MORE
National Mortgage Company guarantees approval times
by Staff Reporter • 4 Dec 2009
In a bid to help brokers boost their customer proposition, National Mortgage Company has said it will offer five day... READ MORE
Liberty covers upfront expenses
by Staff Reporter • 4 Dec 2009
Liberty has given new borrowers an early Christmas present by vowing to cover all of their upfront expenses including... READ MORE
Hermes MD faces bankrupcy over unpaid loans
by Staff Reporter • 4 Dec 2009
Karen Upton Baker and husband Gary Baker have been served with a bankruptcy notice from Challenger, after failing to... READ MORE
RAMS low doc bags top spot
by Staff Reporter • 4 Dec 2009
RAMS SE Pro Pack 1 home loan has been named the cheapest non-bank low doc loan by Money magazine.
READ MORE
AFG gears for market share grab
by Staff Reporter • 4 Dec 2009
Australian Finance Group (AFG) has reported a significant increase in the number of brokers looking to join the... READ MORE
Australians will cope with rate rise: MFAA
by Staff Reporter • 3 Dec 2009
Most Australians can cope with higher interest rates, because they are already paying above their rate, MFAA chief... READ MORE
Mortgage size soars, sales fall
by Staff Reporter • 3 Dec 2009
The average size of a new mortgage in Australia has climbed to a record high in November, as investors continue to... READ MORE
Sluggish building approvals will hurt industry: HIA
by Staff Reporter • 3 Dec 2009
Building approvals fell in October in a further sign that new home building recovery may lack the scale required to... READ MORE
Big two lead credit growth
by Staff Reporter • 3 Dec 2009
Westpac and the Commonwealth Bank lead the four majors in the latest credit growth numbers, accounting for 80 per cent... READ MORE
Pisces names new GM
by Staff Reporter • 2 Dec 2009
Pisces has appointed Vincent Turner as the company’s new general manager.
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Mortgage manager cuts low doc pricing
by Staff Reporter • 2 Dec 2009
In a bid to introduce some festive cheer to its brokers, Future Financial will roll out a series of positive product... READ MORE
Credit unions consolidate to remain competitive
by Staff Reporter • 2 Dec 2009
Companion Credit Union and Community CPS Australia have merged in an attempt to remain competitive in an ever... READ MORE
Westpac steps above RBA
by Staff Reporter • 2 Dec 2009
Following the Reserve Bank’s decision to raise the official cash rate by 25 basis points yesterday, Westpac has moved... READ MORE
ASIC guide helps get industry ready for credit laws
by Staff Reporter • 2 Dec 2009
The Australian Securities and Investment Commission (ASIC) has released a regulatory guide to help brokers prepare for... READ MORE
Loan Market acquires Plan NZ
by Staff Reporter • 1 Dec 2009
Loan Market New Zealand, a subsidiary of the Loan Market Group, has acquired PLAN New Zealand as part of its strategy... READ MORE
Brokers unhappy with Christmas rate rise
by Staff Reporter • 1 Dec 2009
The Reserve Bank has lifted the official cash rate 25 basis points for the third consecutive month, taking the rate to... READ MORE
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