Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

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.

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.

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.

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