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Residential properties face heavy discounts
by Staff Reporter • 22 May 2009
Home owners wanting to sell are being forced to discount heavily in the face of weak buyer demand.
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Mortgage fraud under FBI spotlight
by Staff Reporter • 22 May 2009
FBI investigations into mortgage fraud have tripled in the past three years, the director of the FBI has... READ MORE
Funding boost for Resimac
by Staff Reporter • 22 May 2009
Non-bank lender Resimac has successfully priced a $550 million RMBS transaction.
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Positive signs for credit markets as NAB ditches guarantee
by Staff Reporter • 22 May 2009
In an encouraging sign that credit market conditions are improving NAB has become the first big bank to sell bonds... READ MORE
Banks in hot water over billion dollar fees
by Staff Reporter • 22 May 2009
Australia’s biggest banks have come under fire for charging consumers with over $11 billion in fees.
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Fraudulent broker chooses cliff jump over jail
by Staff Reporter • 22 May 2009
A fraudulent mortgage broker has driven his car off a cliff on the day he was due to be sentenced to jail.
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Mortgage Business circulation jumps 55pc
by Staff Reporter • 21 May 2009
Mortgage Business has marked the start of its third year of publishing with magazine circulation growth of over 55 per... READ MORE
Aussie fears brand tarnish from NRL sponsorship
by Staff Reporter • 21 May 2009
A string of NRL scandals has prompted Aussie Home Loans to question its sponsorship of the NSW State of Origin team... READ MORE
Government urged to facilitate better market competition
by Staff Reporter • 21 May 2009
Building societies and credit unions have urged the federal government to act to preserve competition in the banking... READ MORE
Consumer sentiment rocked by government deficit
by Staff Reporter • 21 May 2009
Consumer sentiment took a slide this month off the back of the release of the federal budget and the projected budget... READ MORE
Financial planning association committed to fee-for-service transition
by Staff Reporter • 21 May 2009
A transition from commission-based remuneration towards a fee-based system is fundamental to a more reputable industry... READ MORE
Fed makes gloomy forecasts for US
by Staff Reporter • 21 May 2009
The US Federal Reserve (Fed) has projected a worse than expected downturn for the flailing US economy and downgraded... READ MORE
More rate cuts to come
by Staff Reporter • 21 May 2009
The prospect of further RBA rate cuts has increased off the back of the federal government’s ballooning deficit... READ MORE
Banks warned to limit lending
by Staff Reporter • 21 May 2009
Borrowers could face higher borrowing costs as the big banks’ high proportion of loans to deposits puts their... READ MORE
UK brokers say insurance products best for diversification
by Staff Reporter • 20 May 2009
Brokers in the United Kingdom are turning to diversification to bolster their incomes, and like their Australian... READ MORE
Brokers unconvinced by federal budget
by Staff Reporter • 20 May 2009
The federal budget has failed to impress the majority of brokers according to the latest Mortgage Business weekly... READ MORE
MFAA debate to tackle key issues
by Staff Reporter • 20 May 2009
A panel debate including key industry figures and stakeholders will take centre stage at this year’s MFAA... READ MORE
Housing shortage to benefit Sydney landlords
by Staff Reporter • 20 May 2009
Investors in Sydney’s metropolitan market can expect strong rental yields as the population continues to grow... READ MORE
Variable rates still most popular
by Staff Reporter • 20 May 2009
Borrowers are confident home loan rates will remain low for some time with variable rate demand continuing to track at... READ MORE
RBA predicts economic recovery to kick start by Christmas
by Staff Reporter • 20 May 2009
Green shoots are emerging in the domestic economy and recovery should be underway by the end of the year, according to... READ MORE
ASIC announces new dispute resolution schemes
by Staff Reporter • 19 May 2009
ASIC has revealed improved consumer access to dispute resolution schemes in order to resolve disagreements more... READ MORE
Decline in commercial construction activity predicted
by Staff Reporter • 19 May 2009
Commercial construction and engineering activity are set to slow down in 2009 and 2010 but government infrastructure... READ MORE
IMF casts doubt over domestic growth forecast
by Staff Reporter • 19 May 2009
The International Monetary Fund (IMF) has forecast a slow recovery for Australia, prompting speculation that the... READ MORE
Originator to give brokers flexibility on how commissions are paid
by Staff Reporter • 19 May 2009
National Finance Club has relaunched its product suite and introduced a remuneration structure that offers brokers a... READ MORE
St George pulls personal loans
by Staff Reporter • 19 May 2009
St George Bank has withdrawn its personal loans from the broker channel as part of a recent review of its intermediary... READ MORE
New home affordability at 7 year high
by Staff Reporter • 19 May 2009
A softer property market and record low interest rates continue to make buying a first home the most affordable in... READ MORE
Melbourne, Sydney auction clearance rates stable but volume down
by Staff Reporter • 18 May 2009
Auction sales volumes in Melbourne and Sydney were down on the weekend, Australian Property Monitors has... READ MORE
ASIC email a hoax
by Staff Reporter • 18 May 2009
Brokers across the industry have received a hoax email claiming to be from ASIC targeting Choice Aggregation Services... READ MORE
Australians ill-equipped for rising unemployment, unexpected costs
by Staff Reporter • 18 May 2009
As the threat of unemployment intensifies a Bankwest survey has found almost one in three Australians have no savings... READ MORE
UK lenders engage borrowers to help stem repossessions
by Staff Reporter • 18 May 2009
Home repossessions continue to rise in the UK but increasing assistance from lenders is expected to result in a better... READ MORE
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