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No sign of financial crisis hitting Oz: Melbourne Institute
by Staff Reporter • 22 Sep 2008
The pace of national economic growth continues to slow but there is no
indication that financial chaos in the United...READ MORE
Fast action essential for multi-billion dollar financial US rescue...
by Staff Reporter • 22 Sep 2008
The US treasury’s US$700 billion (A$870 billion) financial rescue plan announced Friday prompted a strong US... READ MORE
Major banks back first home saver accounts
by Staff Reporter • 22 Sep 2008
ANZ and CBA have agreed to offer first home saver accounts which the Government hopes will boost the number of first... READ MORE
Auction activity down
by Staff Reporter • 22 Sep 2008
Prospective buyers have stayed away from the auctions again this weekend as auction clearance rates continue to... READ MORE
Rents to jump as property supply falls
by Staff Reporter • 19 Sep 2008
Rising rental yields may catch the eye of investors as the housing shortage grows and the share market wobbles.
READ MORE
Soft landing tipped for residential property
by Staff Reporter • 19 Sep 2008
Australian property fell further in August, but a widespread collapse in property prices is not on the cards,... READ MORE
Strong case for October rate cut: ACCI, Westpac
by Staff Reporter • 19 Sep 2008
General business confidence declined to its lowest level since 2003, the Australian Chamber of Commerce and Industry... READ MORE
BankWest parent welcomes acquisition
by Staff Reporter • 19 Sep 2008
HBOS Australia has welcomed the £12.2 billion (A$27.6 billion) acquisition of its UK parent HBOS by Lloyds... READ MORE
Mining sector health clouds ?decidedly bleaker? economic growth...
by Staff Reporter • 18 Sep 2008
The case for the RBA to reduce the cash rate in October has strengthened as the mining boom distorts a real slowdown... READ MORE
Investors, first homebuyers could lead market recovery
by Staff Reporter • 18 Sep 2008
The mortgage industry remains hopeful that the September rate cut could prompt an upswing in activity though the jury... READ MORE
Australia?s appetite for debt might shrink: RBA
by Staff Reporter • 18 Sep 2008
Australians’ borrowing habits could be on the verge of a significant change, according to the Reserve... READ MORE
Britain?s biggest mortgage lender forced to sell
by Staff Reporter • 18 Sep 2008
Lloyds TSB Group has reportedly agreed to purchase Britain’s biggest mortgage lender HBOS for around £12... READ MORE
Barclays to acquire Lehman assets
by Staff Reporter • 17 Sep 2008
Barclays announced today that it has agreed to purchase Lehman Brothers’ North American investment banking and... READ MORE
Mortgage Choice cuts costs and senior management
by Staff Reporter • 17 Sep 2008
In a bid to reduce its expense base and refocus management resources on direct support for its franchise networks,... READ MORE
Federal Reserve makes billion dollar rescue loan for AIG
by Staff Reporter • 17 Sep 2008
The US Federal Reserve has agreed to lend up to US$85 billion (A$105 billion) to AIG as an emergency loan for the... READ MORE
Nationwide cracks 250 broker milestone
by Staff Reporter • 17 Sep 2008
Mortgage manager Nationwide Lending announced this week that it has accredited more than 250 brokers.
READ MORE
Connective chooses NextGen to support members? e-lodgement transition
by Staff Reporter • 17 Sep 2008
Connective has partnered with electronic service provider NextGen.Net to assist its brokers meet new e-lodgement... READ MORE
October rate cut unlikely
by Staff Reporter • 17 Sep 2008
Recent catastrophic events in the US financial sector and global economic uncertainty are unlikely to prompt the RBA... READ MORE
No change to US cash rate
by Staff Reporter • 17 Sep 2008
The US Federal Reserve left interest rates on hold when it met overnight, defying market expectations that Wall Street... READ MORE
Insurer reports surge in broker cross selling
by Staff Reporter • 17 Sep 2008
Mortgage protection insurer Australian Life Insurance (ALI) has revealed a substantial upswing in broker originated... READ MORE
American insurance giant on verge of collapse
by Staff Reporter • 16 Sep 2008
American International Group (AIG) could become the third major victim of the credit crisis in a week as it struggles... READ MORE
$512 million Housing Affordability Fund to boost first home buyer...
by Staff Reporter • 16 Sep 2008
Prime Minister Kevin Rudd and housing minister Tanya Plibersek yesterday launched the Housing Affordability Fund, a... READ MORE
Weak home starts reveal acute housing shortage
by Staff Reporter • 16 Sep 2008
New home starts fell by 3.7 per cent in the June quarter, to 38,348, the lowest level in a year, ABS data showed... READ MORE
Lehman files for bankruptcy
by Staff Reporter • 16 Sep 2008
Embattled investment bank Lehman Brothers yesterday filed for bankruptcy after suffering multi-billion dollar losses.... READ MORE
Carrington National withdraws from broker channel
by Staff Reporter • 16 Sep 2008
Carrington National will withdraw from third party distribution as the quality of its broker-originated loans... READ MORE
US banks launch $85b fund to mitigate liquidity pressures
by Staff Reporter • 16 Sep 2008
Ten international banks today announced plans to provide $US70 billion ($A85 billion) to help offset a credit crisis,... READ MORE
Bank of America to purchase Merill Lynch
by Staff Reporter • 16 Sep 2008
Bank of America has agreed to purchase Merrill Lynch for around $US44 billion ($A53.4 billion) The Wall Street Journal... READ MORE
UK economy tipped to recover in late 2009
by Staff Reporter • 15 Sep 2008
The UK may already be in recession, but it will not be as prolonged as that 1990s downturn, the Confederation of... READ MORE
NZ Rate cuts spark jump in consumer confidence
by Staff Reporter • 15 Sep 2008
Consumer confidence has risen to a five year high in New Zealand following the Central Bank’s decision to... READ MORE
Liquidation almost imminent for Lehman Brothers
by Staff Reporter • 15 Sep 2008
The United States faces the possible collapse of Wall Street giant
Lehman Brothers as negotiations fail to spur any... READ MORE
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