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Eleventh hour call on 75bp cut: RBA
by Staff Reporter • 19 Nov 2008
Minutes of the RBA’s November monetary policy meeting show the Reserve Bank is willing to take last minute...READ MORE
Tough market to limit profits for Mortgage Choice
by Staff Reporter • 19 Nov 2008
The challenges that lie ahead for brokers have been highlighted by Mortgage Choice's pessimistic forecast of a 40 to... READ MORE
Industry sentiment to be revealed through new report
by Staff Reporter • 19 Nov 2008
Mortgage Business has launched Australia’s first quarterly sentiment survey to map the mood and viewpoints of the... READ MORE
Liquidity boost for Challenger, RESIMAC
by Staff Reporter • 18 Nov 2008
The mortgage manager and originator sector has been buoyed by the news that Challenger Mortgage Management and... READ MORE
New product range to be unveiled: FirstMac
by Staff Reporter • 18 Nov 2008
Just days after announcing a $600 million RMBS placement non-bank lender FirstMac is gearing up to challenge the banks... READ MORE
Retail sales highlight cautious consumers
by Staff Reporter • 18 Nov 2008
Data released by the ABS yesterday showed that retail turnover volumes rose just 0.1 per cent over the September... READ MORE
US housing market collapse hammers Freddie Mac
by Staff Reporter • 17 Nov 2008
Freddie Mac has asked for a further US$13.8 billion (A$21.5 billion) government lifeline after reporting a US$25.3... READ MORE
Further government stimulus on horizon
by Staff Reporter • 17 Nov 2008
In a renewed bid to combat the global financial crisis the Group of 20 met in Washington over the weekend with the... READ MORE
Auction activity shows signs of improvement
by Staff Reporter • 17 Nov 2008
Auction results improved slightly across some capital cities over the weekend but are still noticeably weaker than... READ MORE
FirstMac back in action
by Staff Reporter • 17 Nov 2008
Funding for the non-bank sector has taken a another step forward with
the news that FirstMac successfully placed and... READ MORE
Fixed rate demand falls further
by Staff Reporter • 14 Nov 2008
Anticipation of further rate reductions saw borrower take up of fixed home loans fall to just three per cent in... READ MORE
ANZ to cut jobs
by Staff Reporter • 14 Nov 2008
ANZ is gearing up for extensive job cuts but it remains unclear how the redundancies will affect its third party... READ MORE
Ratings agencies to face tougher rules
by Staff Reporter • 14 Nov 2008
Prime Minister Kevin Rudd will seek international support for a crackdown on rating agencies and executive salaries at... READ MORE
Europe?s biggest economy in recession
by Staff Reporter • 14 Nov 2008
Germany is officially in recession after recording negative growth of 0.5 per cent in the September quarter.
READ MORE
Westpac, St George merger approved
by Staff Reporter • 14 Nov 2008
Australia’s fifth largest bank is set to become part of Westpac after shareholders yesterday voted... READ MORE
City Pacific boss steps down
by Staff Reporter • 13 Nov 2008
Founder and managing director of struggling non-bank lender City Pacific Phil Sullivan has announced his resignation,... READ MORE
Loan losses to rise: CBA
by Staff Reporter • 13 Nov 2008
The Commonwealth Bank will face increased loan losses this financial year as a result of several exposures to company... READ MORE
Commercial finance activity edges up
by Staff Reporter • 13 Nov 2008
Commercial finance activity picked up in September, according to ABS data released yesterday.
READ MORE
Confidence up but still low
by Staff Reporter • 13 Nov 2008
Consumer confidence crept upwards in October as a result of RBA rate reductions and the government’s stimulus... READ MORE
Opportune defies tough market
by Staff Reporter • 13 Nov 2008
Despite tough industry conditions mortgage originator Opportune Home Loans has reported “speedy growth”,... READ MORE
Brokers warm to advice-based model
by Staff Reporter • 13 Nov 2008
Something of a revolution is taking place across the industry as more brokers now look to their future success through... READ MORE
US acts to ease spiralling foreclosures
by Staff Reporter • 12 Nov 2008
The United States has unveiled further initiatives to ease mortgage stress for hundreds of thousands of Americans... READ MORE
Mutuals endure financial crisis
by Staff Reporter • 12 Nov 2008
Building societies and credit unions are weathering difficult financial conditions well, KPMG’s 2008 Building... READ MORE
Rates to fall to 3.75pc within six months: NAB
by Staff Reporter • 12 Nov 2008
The official cash rate could drop as low as 3.75 per cent by early next year, according to forecasts by NAB.
READ MORE
Broker demand spurs Mortgage Ezy rate cut
by Staff Reporter • 12 Nov 2008
Mortgage Ezy yesterday announced a reduction in rates on its recently released Special Discount 6 Month Variable Loan... READ MORE
Ignorance blamed for latest media broker attack
by Staff Reporter • 11 Nov 2008
Brokers were once again subject to negative press over the weekend with Herald Sun columnist Scott Pape telling... READ MORE
Business conditions for SMEs decline but outlook brighter
by Staff Reporter • 11 Nov 2008
Australian small to medium businesses continued to experience tough conditions in the September quarter, off the back... READ MORE
Buyer?s Choice acquires Westate Finance
by Staff Reporter • 11 Nov 2008
Buyer’s Choice Home Loan Advisory Service, a Melbourne-based brokerage, today announced the acquisition of... READ MORE
Property markets ripen for FHBs, investors
by Staff Reporter • 11 Nov 2008
The September quarter saw property prices fall in most capital cities, data from Australian Property Monitors showed... READ MORE
Challenger unveils new management structure
by Staff Reporter • 11 Nov 2008
Challenger Financial Services Group today announced a raft of executive changes under the guidance of newly-appointed... READ MORE
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