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Challenger releases FY08 results
by Staff Reporter • 26 Aug 2008
Challenger Financial Services (Challenger) today announced a normalised net profit after tax of $218 million for the...READ MORE
Weak weekend for auctions
by Staff Reporter • 25 Aug 2008
Auctions performed badly in Melbourne over the weekend as buyers continue to sit on their hands amid speculation of an... READ MORE
Macquarie Bank to buy local RMBS
by Staff Reporter • 23 Aug 2008
Macquarie Bank has established a fund which will purchase mortgage-backed securities indicating renewed optimism for... READ MORE
Two speed economy to continue
by Staff Reporter • 23 Aug 2008
The latest issue of the Melbourne Institute’s Monthly Bulletin of Economic Trends shows Australia’s... READ MORE
ANZ to pass full RBA cut on, maybe
by Staff Reporter • 23 Aug 2008
ANZ chief Mike Smith today confirmed the bank would pass on the full benefit of a rate cut next month, provided... READ MORE
CBA cuts fixed lending rates
by Staff Reporter • 22 Aug 2008
CBA today announced that it will cut its fixed home loan rates on Monday – the second cut this month.
READ MORE
Rates to fall by 100 bps by early 09: Westpac
by Staff Reporter • 22 Aug 2008
The latest Westpac-Melbourne Institute Leading Index released yesterday has underscored the need for several rate cuts... READ MORE
NAB will pass on rate cut
by Staff Reporter • 21 Aug 2008
National Australia Bank (NAM) today confirmed it will pass on a 0.25 per cent reduction should the RBA cut the... READ MORE
RAMS woos brokers with low rate loan
by Staff Reporter • 21 Aug 2008
Just weeks after BankWest cut brokers from its Rate Tracker loan, RAMS Home Loans (RAMS) today announced the launch of... READ MORE
Banks won?t be pushed to pass on RBA rate cut
by Staff Reporter • 21 Aug 2008
A cut to the official cash rate is now universally expected in September but the industry remains divided over how... READ MORE
Aussie to stay ?independent? should stake go to CBA
by Staff Reporter • 21 Aug 2008
Assurances yesterday from Aussie’s chairman John Symond to staff and lenders about the group’s... READ MORE
High rates hurt small businesses
by Staff Reporter • 21 Aug 2008
Small business conditions are at a record low and a cut in the official interest rate is essential to stop the slide... READ MORE
Mortgage Choice defies tough lending market
by Staff Reporter • 20 Aug 2008
Mortgage Choice has registered only a slight drop in volumes for the 2008 financial year compared with 2007, according... READ MORE
UK lending to slump in 2008
by Staff Reporter • 20 Aug 2008
The battered UK lending market will reach new depths with lending to contract a further 19.3 per cent in 2008,... READ MORE
CBA seeks slice of Aussie Home Loans
by Staff Reporter • 20 Aug 2008
The Commonwealth Bank of Australia (CBA) is in negotiations to buy a stake
in Aussie Home Loans (Aussie), the AFR... READ MORE
Resilient renovation sector an opportunity for brokers
by Staff Reporter • 20 Aug 2008
Stagnant building activity and a dwelling shortage of 45,000 could boost renovation activity in coming months as home... READ MORE
RBA set to cut rates
by Staff Reporter • 20 Aug 2008
Minutes from the Reserve Bank’s August monetary policy meeting and wages data released today point to a widely... READ MORE
Profit growth for ACCU
by Staff Reporter • 20 Aug 2008
Despite absorbing higher funding costs, Australian Central Credit Union today reported a healthy after-tax profit of... READ MORE
HSBC fixed rates slashed by up to 130 bps
by Staff Reporter • 19 Aug 2008
HSBC Bank Australia yesterday cut its fixed home lending rates by between 35 and 130 basis points.
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Broker sales conference 'spot on'
by Staff Reporter • 18 Aug 2008
Brokers turned out in force for the inaugural Lending Sales Success (LSS) conference in Sydney last weekend.
READ MORE
CBA tipped to move on BankWest
by Staff Reporter • 18 Aug 2008
The Commonwealth Bank may turn set its sights on Perth-based BankWest, The Australian reported today.
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First home buyer affordability remains at 24 year low
by Staff Reporter • 18 Aug 2008
National first home buyer affordability remained at a 24 year low in
the June quarter, the HIA-CBA First Home Buyer... READ MORE
Lending competition healthy: RBA
by Staff Reporter • 15 Aug 2008
The Australian financial sector is healthy and competitive, the RBA’s deputy governor Ric Battellino told the... READ MORE
Baby-boomers push younger borrowers from property market
by Staff Reporter • 15 Aug 2008
Older Australians have blocked younger borrowers from the property market, a report released today by Finsia... READ MORE
QBE purchases PMI Australia
by Staff Reporter • 15 Aug 2008
QBE Insurance has bought mortgage insurer PMI Australia for $1.027 billion.
READ MORE
Commission cuts boost leasing finance appeal for brokers
by Staff Reporter • 15 Aug 2008
Leasing finance is tipped to replace lost dollars for some brokers as residential lending slows and lender commission... READ MORE
New aggregator relationship for The Mortgage Gallery NSW/ACT
by Staff Reporter • 15 Aug 2008
The Mortgage Gallery announced today that its NSW/ACT franchise operation will now operate as its own broking... READ MORE
Wide Bay creates contingency RMBS
by Staff Reporter • 15 Aug 2008
Wide Bay Australia has created a $100 million internal securitisation program to generate additional liquidity if... READ MORE
Consumer sentiment improves
by Staff Reporter • 15 Aug 2008
Consumer sentiment bounced back for August, the Westpac-Melbourne Institute Index of Consumer Sentiment revealed... READ MORE
Club launches franchise operations
by Staff Reporter • 14 Aug 2008
Club Financial Services (Club) has launched a national franchise operation.
READ MORE
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