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PLAN acquisition complete: Challenger
by Staff Reporter • 1 Oct 2008
Challenger Financial Services now dominates Australia’s aggregation sector on yesterday’s news that it has...READ MORE
Australian property values steady
by Staff Reporter • 1 Oct 2008
Australia’s severe housing shortage has underpinned housing prices and will shield the market against any wide... READ MORE
Financial crisis intensifies as US bail-out plan rejected
by Staff Reporter • 30 Sep 2008
Panic struck global financial markets overnight as the US House of Representatives kicked out the US$700 billion... READ MORE
$4b RMBS investment not enough: Mortgage Choice, First Mac
by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
$4b RMBS investment not enough: Mortgage Choice, First Mac (2)
by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
Bradford & Bingley second UK bank failure for 2008
by Staff Reporter • 30 Sep 2008
Bradford and Bingley has become the second UK bank to be nationalised this year as a result of the worsening credit... READ MORE
Citi new US banking giant
by Staff Reporter • 30 Sep 2008
Citigroup will become the United States’ largest bank by deposits after agreeing to acquire all banking... READ MORE
Government to boost non-bank sector
by Staff Reporter • 29 Sep 2008
The industry has welcomed a $4 billion government plan to bolster competition in the mortgage market.
READ MORE
WaMu biggest US bank collapse yet
by Staff Reporter • 29 Sep 2008
Washington Mutual, bought by banking giant JP Morgan for $1.9bn after seizure by the US authorities late last week,... READ MORE
Green light for US bailout
by Staff Reporter • 29 Sep 2008
Congress yesterday reached a landmark agreement that will release US$700 billion ($843.35 billion) to bail out Wall... READ MORE
Don't blame brokers for arrears: MFAA
by Staff Reporter • 27 Sep 2008
The MFAA has hit back at suggestions that mortgage brokers have played a role in the rise of home loan arrears.... READ MORE
NZ falls into recession
by Staff Reporter • 26 Sep 2008
New Zealand has officially fallen into recession according to figures released by Statistics New Zealand today.
READ MORE
Bush addresses nation on financial crisis
by Staff Reporter • 26 Sep 2008
The depth of the US crisis was highlighted by President Bush’s address to Americans yesterday on prime time... READ MORE
Low-risk profile delivers record profit for Heritage
by Staff Reporter • 26 Sep 2008
Heritage Building Society has posted a record profit of $29.360 million; its ninth consecutive full year before tax... READ MORE
Industry magazine survey not so ?independent?
by Staff Reporter • 26 Sep 2008
Key Media, the publisher of two titles included in what was touted as an ‘Independent’ Mortgage Industry... READ MORE
NSW hot spot for arrears
by Staff Reporter • 26 Sep 2008
According to the RBA, the proportion of New South Wales home owners behind in mortgage repayments has increased by... READ MORE
New home sales still struggle
by Staff Reporter • 26 Sep 2008
New home sales fell 1.3 per cent in August, HIA data showed yesterday.
READ MORE
Australian financial system weathers credit crisis: RBA
by Staff Reporter • 25 Sep 2008
The Australian financial system remains largely shielded from the international turmoil that has battered others... READ MORE
US financial crisis prompts further FBI investigations
by Staff Reporter • 25 Sep 2008
The FBI has expanded its corporate fraud inquiries as the Wall Street financial crisis burgeons and questions mount as... READ MORE
AIG's multi-billion dollar loan signed off
by Staff Reporter • 25 Sep 2008
American International Group (AIG) has announced that it has signed a definitive agreement with the Federal Reserve... READ MORE
Strong migration hurts affordability
by Staff Reporter • 25 Sep 2008
The outlook for housing affordability remains bleak as the national population grows at a record pace and construction... READ MORE
Bleak outlook for NSW property market
by Staff Reporter • 25 Sep 2008
New South Wales is close to recession and the housing market at risk of a serious downturn, Westpac senior economist... READ MORE
RBA acts to improve liquidity
by Staff Reporter • 25 Sep 2008
In a move to bolster Australia’s financial sector the RBA has established temporary reciprocal currency swap... READ MORE
Banks' home loans share up; profits remain strong
by Staff Reporter • 24 Sep 2008
Australian banks remain healthy and profitable in stark contrast to the US financial sector according to APRA figures... READ MORE
Australia?s economy well managed
by Staff Reporter • 24 Sep 2008
Australia is well placed to weather the global downturn and contain inflationary pressures according to the... READ MORE
US bail-out plan only way to save economy: IMF
by Staff Reporter • 24 Sep 2008
As legislatures continue to debate the US government’s proposed financial sector bail-out, the IMF has backed... READ MORE
Last investment banks fall under Fed?s control
by Staff Reporter • 23 Sep 2008
Wall Street’s two remaining investment banks will now operate under the supervision of the Federal Reserve as... READ MORE
No guarantee borrowers will see 25bp October rate cut: Challenger
by Staff Reporter • 23 Sep 2008
Australian lenders are unlikely to pass on a full rate cut to borrowers next month as funding conditions... READ MORE
Australia?s Lehman Brothers finds new parent
by Staff Reporter • 23 Sep 2008
Japan’s Nomura Holdings will buy the Asia Pacific branches of Lehman Brothers, including the Australian branch,... READ MORE
G7 supports US rescue plan
by Staff Reporter • 23 Sep 2008
The G7 has backed the United States’ US$700 billion (AU$870 billion) plan to tackle global credit market... READ MORE
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