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ANZ drops variable rate by further 0.25 pc
by Staff Reporter • 18 Oct 2008
ANZ today announced that it will cut its variable rate by 0.25 per cent only days after slashing rates by 0.80 per...READ MORE
FirstMac refinances $172.6m RMBS
by Staff Reporter • 18 Oct 2008
FirstMac today announced that it has successfully refinanced a $172.6 million RMBS issue after voluntarily increasing... READ MORE
Third of brokers fear bank pull out
by Staff Reporter • 17 Oct 2008
Aggregation heads have been quick to reassure brokers that the Australian market is unlikely to see the departure of a... READ MORE
In the papers: Aussie under investigation
by Staff Reporter • 17 Oct 2008
Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40... READ MORE
NAB issues prime RMBS
by Staff Reporter • 17 Oct 2008
National Australia Bank has issued a RMBS worth close to $3 billion.
The deal, which is NAB’s second issue for... READ MORE
Mortgage demand lowest in close to 30 years
by Staff Reporter • 17 Oct 2008
Demand for home loans has sank to levels not seen since 1982, as high interest rates, the soaring cost of living and... READ MORE
First home owner grant won?t cause house price spike
by Staff Reporter • 16 Oct 2008
The Housing Industry Association (HIA) has dismissed claims that the government’s first home owner grant (FHOG)... READ MORE
Government measures improve prospects for economic growth
by Staff Reporter • 16 Oct 2008
Economic growth will continue to slow in the medium term but will not fall into recession, a Westpac-Melbourne... READ MORE
GE Money priced out of wholesale market
by Staff Reporter • 16 Oct 2008
Two weeks after withdrawing its prime Flexible Options products from the broker channel GE Money has gone from... READ MORE
Bank salaries under fire for triggering risky bank practices
by Staff Reporter • 16 Oct 2008
Bank executives’ pay packages are the latest issue to come under scrutiny in wake of the global financial... READ MORE
Firstfolio in talks to buy Domain
by Staff Reporter • 15 Oct 2008
Just one day after declaring its intentions to purchase eChoice, Firstfolio today announced it is in advanced talks to... READ MORE
Lower rates and government incentives to boost property market
by Staff Reporter • 15 Oct 2008
While the RBA’s dramatic one per cent rate cut failed to impact weekend auction figures, there’s little... READ MORE
Business conditions steady but outlook weak
by Staff Reporter • 15 Oct 2008
Business conditions and confidence remained relatively stable in September, despite international financial turmoil,... READ MORE
$4b RMBS investment scheme under way
by Staff Reporter • 15 Oct 2008
Plans to reinvigorate non-bank lending are on track with the Australian Office of Financial Management (AOFM) inviting... READ MORE
Suncorp shelves sale for now
by Staff Reporter • 15 Oct 2008
In light of “changed” financial sector circumstances Suncorp has concluded discussions with prospective... READ MORE
Government unveils boost to homebuyers
by Staff Reporter • 14 Oct 2008
The government today announced an emergency $10.4 billion package to boost consumer confidence and economic growth in... READ MORE
MGIC stake up for grabs
by Staff Reporter • 14 Oct 2008
Mortgage insurer MGIC Australia is ready to sell a $100 million stake in its business.
According to The Australian... READ MORE
Government budget initiatives to ward off slowdown
by Staff Reporter • 14 Oct 2008
The government will consider revised budget initiatives to boost consumer confidence and economic growth in the face... READ MORE
Markets soar on G7 pledge
by Staff Reporter • 14 Oct 2008
World equity markets rocketed over night as investors flooded back to capitalise on bargain share prices.
In the US... READ MORE
Commercial lending suffers
by Staff Reporter • 14 Oct 2008
Low consumer and business sentiment and a weakening economy were reflected in a downturn in finance activity in... READ MORE
Firstfolio to buy eChoice
by Staff Reporter • 14 Oct 2008
Firstfolio Ltd today announced that it has entered into an agreement to acquire up to 100 per cent of online mortgage... READ MORE
Mortgage holders still confident about financial position
by Staff Reporter • 13 Oct 2008
Mortgage Choice’s Financial Temperature Check Survey has found that despite the international credit crunch and... READ MORE
Canberra broker admits to fraud
by Staff Reporter • 13 Oct 2008
A broker has pleaded guilty to a range of fraud offensives following a probe by ASIC.
READ MORE
Funding costs ease
by Staff Reporter • 13 Oct 2008
Australian funding costs have eased following the government’s announcement that it would guarantee bank... READ MORE
Suncorp fails to attract buyer
by Staff Reporter • 13 Oct 2008
Suncorp has shelved plans to auction off its banking and wealth management operations after receiving only one bid... READ MORE
Bush rallies G7 to fight global financial instability
by Staff Reporter • 13 Oct 2008
The G7 nations have pledged to take “decisive action” against the global financial crisis, following their... READ MORE
Weekend auctions disappoint
by Staff Reporter • 13 Oct 2008
Last week’s one per cent rate cut failed to inspire property buyers in a sluggish weekend for property... READ MORE
Government guarantees bank deposits
by Staff Reporter • 13 Oct 2008
In a move to sure up confidence in the domestic banking system the federal government announced yesterday that it will... READ MORE
BOQ profits dip
by Staff Reporter • 10 Oct 2008
Bank of Queensland has suffered a 2 percent fall in profits for the 2008 fiscal year however the bank remains in a... READ MORE
Asian central banks cut rates
by Staff Reporter • 10 Oct 2008
Fear of the global financial crisis has spread through Asia prompting several central banks to cut rates following the... READ MORE
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