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Rate rises to hit within months

by Staff Reporter • 31 Aug 2009
The days of rock-bottom interest rates may be numbered with the RBA now looking set to raise the cash rate before the...READ MORE

No threat to broker commissions: NAB

by Staff Reporter • 31 Aug 2009
National Australia Bank has reinforced its commitment to the broker channel and said it has no intention of turning... READ MORE

Opportunities emerge for brokers in self-employed sector

by Staff Reporter • 28 Aug 2009
As the economy again gathers momentum, self-employed borrowers – who traditionally fall outside the banks’ lending... READ MORE

Google eyes aggregation

by Staff Reporter • 28 Aug 2009

There is growing speculation that Google may soon enter the aggregation sphere.

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Mortgage fraud rises 1,400pc in California

by Staff Reporter • 28 Aug 2009
In a bid to combat spiraling mortgage fraud California is set to introduce new legislation that will allow prosecutors... READ MORE

Govt. brings broker legislation forward

by Staff Reporter • 28 Aug 2009
The federal government’s decision to bring forward the new responsible lending requirements for brokers and lenders... READ MORE

AMB to break into aggregation

by Staff Reporter • 28 Aug 2009
Franchise brokerage Australian Mortgage Brokers will attempt to break into the aggregation sector when it launches a... READ MORE

No return to mortgage market for GE

by Staff Reporter • 28 Aug 2009
GE Australia and New Zealand chief executive Steve Sargent has said GE Capital is no hurry to re-introduce mortgages... READ MORE

Firstfolio’s mortgage portfolio up 50pc

by Staff Reporter • 27 Aug 2009
Firstfolio’s mortgage portfolio has grown to $12 billion in the year to 30 June 2009 – an increase of 50 per... READ MORE

Aggregation: a future for the independent operation?

by Staff Reporter • 27 Aug 2009
A recent Mortgage Business straw poll revealed that the majority of brokers believe that eventually all aggregators... READ MORE

Europe set to reinvigorate RMBS

by Staff Reporter • 27 Aug 2009
The RMBS market has been tainted globally, leaving European commentators to call for greater transparency in the hope... READ MORE

FHOG inflates property market: MFAA

by Staff Reporter • 27 Aug 2009
Almost one in five Australians believe the government’s First Home Owners Grant has been counter-productive and... READ MORE

US house prices register growth but still 30pc down on 2006 high

by Staff Reporter • 27 Aug 2009
US house prices increased by 2.9 per cent in June, registering the second consecutive month of growth, the Standard and... READ MORE

Greater soon to disclose RMBS details

by Staff Reporter • 27 Aug 2009
The Greater Building Society is expected to disclose the details of its residential mortgage backed security (RMBS)... READ MORE

No competition for banks: Pascoe

by Staff Reporter • 26 Aug 2009
Finance journalist Michael Pascoe has launched a scathing attack on the ACCC for not promoting competition in the... READ MORE

Govt set to introduce new bankruptcy laws

by Staff Reporter • 26 Aug 2009

The federal government has unveiled changes to \bankruptcy laws for householders suffering mortgage stress.

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US broker defrauds lenders of $1.7mill

by Staff Reporter • 26 Aug 2009
In the largest case of mortgage fraud ever to be recorded in the State of Alaska, eight people will serve time in jail... READ MORE

Suncorp profits fall 37 pc

by Staff Reporter • 26 Aug 2009

Suncorp has frozen its director’s fees after posting a 37 per cent drop in net profit after tax.

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Americans default rather than make good

by Staff Reporter • 26 Aug 2009

American borrowers are choosing to default on their loans rather than make good on their missed repayments.

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Scarce credit affects dwelling developments

by Staff Reporter • 26 Aug 2009
Risk-averse banks and lenders demanding higher pre-commitment sales in order to provide finance are causing the housing... READ MORE

Repossession and mortgage default cases fall

by Staff Reporter • 25 Aug 2009
The number of house repossessions between January and July 2009 has fallen 30 per cent compared with the same period... READ MORE

Challenger outlook positive despite net loss

by Staff Reporter • 25 Aug 2009
Following the sale of its mortgage operations to National Australia Bank early last week, Challenger Financial Services... READ MORE

Non-banks call for credit reform

by Staff Reporter • 25 Aug 2009
Non-bank lenders are calling for changes to the federal government’s proposed national consumer credit... READ MORE

Macquarie issues first CMBS since 07

by Staff Reporter • 25 Aug 2009
Macquarie CountryWide Trust has become the first issuer to sell commercial mortgage backed securities (CMBS) since the... READ MORE

No warning on interest rate hikes: CBA

by Staff Reporter • 24 Aug 2009
The Commonwealth bank of Australia will no longer give their brokers prior warning about changes to their fixed... READ MORE

Housing slump threatens American recovery

by Staff Reporter • 24 Aug 2009

American economists predict that the road to recovery will be a bumpy as house prices continue to fall.

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Sydney and Melbourne record strong results

by Staff Reporter • 24 Aug 2009
Sydney and Melbourne’s property markets continue to show strong signs of recovery, with both capital cities achieving... READ MORE

NAB move for Challenger underpins broker strength: Mortgage Choice

by Staff Reporter • 24 Aug 2009
Mortgage Choice CEO Michael Russell that NAB’s acquisition was a “wonderful endorsement” of the work that... READ MORE

Sydney house prices to soar

by Staff Reporter • 24 Aug 2009

Median Sydney house prices could rise by as much as $100,000 in the next two years, The Investors Club has said.

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Mortgage Choice profits dip

by Staff Reporter • 21 Aug 2009
Mortgage Choice has reported a fall in profits for the year to 30 June 2009, however the company said it remains upbeat... READ MORE
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