Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Recovery still some way off for England

by Staff Reporter • 14 May 2009

The Bank of England (BOE) has sharply cut its growth forecasts for the United Kingdom and warned the road to recovery...READ MORE

US foreclosures hit new high

by Staff Reporter • 14 May 2009

One in every 159 US borrowers received a foreclosure filing during the first quarter as default notices and bank... READ MORE

Grant extension good but not enough

by Staff Reporter • 14 May 2009

While the industry is largely relieved that the First Home Owners Grant has been extended some have claimed it’s... READ MORE

CBA warns of rising bad debts

by Staff Reporter • 14 May 2009

The Commonwealth Bank has revealed expectations of rising bad debts and impairment charges, in line with similar... READ MORE

Grant extension meets brokers' approval

by Staff Reporter • 13 May 2009

The decision by the federal government to extend the inflated first home owner grant is the right move according to the... READ MORE

Securitisation sector to lobby for more support

by Staff Reporter • 13 May 2009

A new chief lobbyist for the Australian Securitisation Forum (ASF) has called for greater government support of... READ MORE

New industry alliance a boost for loan servicing

by Staff Reporter • 13 May 2009

Mortgage Settlements Australia (MSA) has announced a strategic new alliance with BNY Mellon Australia – a... READ MORE

Swan spends big to steer economy through recession

by Staff Reporter • 13 May 2009

The federal government last night handed down a $47 billion budget which will bring the current accounts into a record... READ MORE

Federal budget backs first home buyers

by Staff Reporter • 13 May 2009

After months of speculation the mortgage industry has been buoyed by the news last night that an extension of the... READ MORE

No halt on insurance payouts: Genworth

by Staff Reporter • 12 May 2009

Reports that a higher level of lenders’ insurance claims have been rejected were dismissed today by mortgage... READ MORE

Don't fix rates yet: brokers

by Staff Reporter • 12 May 2009

Despite the cash rate nearing the bottom of its cycle the majority of brokers still think that fixed rates have further... READ MORE

Leading central banker says global economy past the worst

by Staff Reporter • 12 May 2009

European Central Bank head Jean-Claude Trichet believes global economic activity may have reached a turning point and... READ MORE

Encouraging business conditions to curb rate falls

by Staff Reporter • 12 May 2009

The RBA is unlikely to move on interest rates any time soon and the bottom of its interest rate cycle could be higher... READ MORE

ASIC cautions lenders on recouping losses for fraudulent loans

by Staff Reporter • 11 May 2009

ASIC has warned that lenders may be engaging in “unconscionable conduct” by trying to recoup loans... READ MORE

Auction clearance rate remain below 70pc

by Staff Reporter • 11 May 2009

Auction activity remains subdued across the nation with the national clearance rate remaining firmly below the 70 per... READ MORE

NAB Broker commits to 95pc LVRs

by Staff Reporter • 11 May 2009

While most lenders have stepped back from high LVR loans, NAB Broker will continue to reward quality brokers with... READ MORE

Mortgage belts better for capital growth

by Staff Reporter • 11 May 2009

Outer city suburbs are outperforming inner city locations when it comes to capital growth, RP Data says.

First home buyer demand to continue despite FHOG increase expiry

by Staff Reporter • 11 May 2009

The end of the beefed up first home owner grant (FHOG) is unlikely to see that sector of the market grind to a halt,... READ MORE

New CEO trims Mortgage Choice workforce

by Staff Reporter • 8 May 2009

Listed broking group Mortgage Choice has announced a number of redundancies which it claims will reposition itself for... READ MORE

Suncorp drops commercial

by Staff Reporter • 8 May 2009

Suncorp is set to exit the commercial property sector with $3 billion worth of commercial property investment lending... READ MORE

Surprise improvement in unemployment

by Staff Reporter • 8 May 2009

A much stronger than anticipated jobs figure yesterday buoyed the economy but the government has been quick to warn... READ MORE

US banks need $100 billion to bolster reserves

by Staff Reporter • 8 May 2009

Regulators in the United States revealed overnight that US$75 billion ($A99 billion) in additional capital will be... READ MORE

No more commission cuts: NAB Broker

by Staff Reporter • 8 May 2009

NAB Broker has assured brokers that there will be no further changes to its commission structure for the foreseeable... READ MORE

Better systems needed to help borrowers in financial hardship

by Staff Reporter • 8 May 2009

Brokers and lenders need to devise better industry practices for responding to borrowers in financial hardship a... READ MORE