Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Home ownership plummets

by Staff Reporter • 12 Nov 2009

Fewer Australians now own their home outright, according to the Australian Bureau of Statistics (ABS).

Pepper gives cash back incentive to brokers

by Staff Reporter • 12 Nov 2009

In a bid to stimulate activity in the traditional low doc market segment, Pepper Home Loans will today launch a cash... READ MORE

Costs to rent or buy near parity: ABS

by Staff Reporter • 12 Nov 2009

The costs associated with renting or owning a home are on par, according to data from the Australian Bureau of... READ MORE

Majority of brokers without a business plan

by Staff Reporter • 12 Nov 2009

Business planning remains a low priority for most brokers with well over half the industry without a formal plan set... READ MORE

Rates will rise in December: NAB

by Staff Reporter • 11 Nov 2009

NAB has said the Reserve Bank will raise interest rates 25 basis points in every board meeting until March.

FHB volumes drop 27pc

by Staff Reporter • 11 Nov 2009

The number of first home buyers entering the property market has fallen by 27 per cent in September, according to... READ MORE

Quality brokers to capitalise on leaner industry: Ross McEwan

by Staff Reporter • 11 Nov 2009

The impending National Consumer Credit Code will drive more business to quality brokers, one of CBA’s most senior... READ MORE

RMBS issue highlights investor demand

by Staff Reporter • 11 Nov 2009

In a sign that investor confidence is starting to filter back into the wholesale markets, FirstMac has upsized its... READ MORE

Advantedge enhances products for mortgage managers

by Staff Reporter • 10 Nov 2009

NAB’s newly-branded mortgage management arm, Advantedge, has announced a number of product enhancements that will... READ MORE

Wholesale funding costs put pressure on big four

by Staff Reporter • 10 Nov 2009

The costs of wholesale funds could continue to rise for the next 18 months, CBA’s chief financial officer David Craig... READ MORE

Less American mortgages ‘underwater’

by Staff Reporter • 10 Nov 2009

Fewer American homeowners now have negative equity in their homes, a new report has found.

Home lending surges in September

by Staff Reporter • 10 Nov 2009

Home lending commitments have soared in September thanks to a late increase in first home buyer activity.

Job ads down

by Staff Reporter • 10 Nov 2009

The number of job advertisements has fallen for the first time in three months in a sign that a full recovery may still... READ MORE

Rate hike fails to dent auction activity

by Staff Reporter • 9 Nov 2009

The residential housing market appears to have weathered the latest interest rate rise, with auction clearance rates... READ MORE

Refund adds 300th franchisee to business

by Staff Reporter • 9 Nov 2009

Refund Home Loans has appointed its 300th franchisee after less than six years in business.

Police officers charged with mortgage fraud

by Staff Reporter • 9 Nov 2009

A New South Wales police officer is facing 89 charges over an alleged mortgage fraud racket, the Daily Telegraph has... READ MORE

Liquidity rules will hurt competition: ING DIRECT

by Staff Reporter • 9 Nov 2009

ING DIRECT has said it will not be able to remain competitive in the mortgage market if the Australian Prudential... READ MORE

Homeowners to suffer under increased debt burden

by Staff Reporter • 6 Nov 2009

Homeowners that capitalised on record low interest rates and lifted their debt commitments are set to experience... READ MORE

Funding costs will rise: Westpac

by Staff Reporter • 6 Nov 2009

Westpac’s chief executive officer Gail Kelly has said the bank’s lending rates will come under pressure over the... READ MORE

New liquidity rules could cost borrowers

by Staff Reporter • 6 Nov 2009

The Australian Prudential and Regulation Authority’s (APRA) new liquidity rules could add 0.05 of a percentage point... READ MORE

Offshore investors take double hit

by Staff Reporter • 6 Nov 2009

The recent rate hike by the Reserve Bank will have an adverse impact on overseas property investors, CB Richard Ellis... READ MORE

Agents enjoy strong spring activity

by Staff Reporter • 6 Nov 2009

The spring selling season is still well and truly active, according to RP Data’s latest market activity index.