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MFAA continues push for Aussie Mac
by Staff Reporter • 14 Aug 2008
The MFAA will step up its push for a government-backed funding source today in a verbal submission to the House of...READ MORE
ACCC approves Westpac and St George merger
by Staff Reporter • 14 Aug 2008
The amalgamation of Westpac and St George looks likely to go ahead following the ACCC’s approval of the merger... READ MORE
Aussie Mac not the solution: RBA
by Staff Reporter • 13 Aug 2008
The RBA revealed today that it does not support the proposal of a government-sponsored agency to support the local... READ MORE
Fixed-rate demand slides further
by Staff Reporter • 13 Aug 2008
Demand for fixed-rate loans continued to drop in July, data from Mortgage Choice revealed this week.
READ MORE
CBA yearly net profit rises 7pc
by Staff Reporter • 13 Aug 2008
The Commonwealth Bank of Australia (CBA) today reported a better than expected seven per cent rise in annual net... READ MORE
Spiralling business conditions to usher 150bp rate cut: NAB
by Staff Reporter • 13 Aug 2008
Business conditions fell again in July and are now dropping at a level faster than that recorded during the post-2000... READ MORE
Business credit slumps
by Staff Reporter • 12 Aug 2008
Small business lending has slumped to an annualised growth rate of eight per cent, according to the RBA’s latest... READ MORE
June lending figures down
by Staff Reporter • 12 Aug 2008
The ABS’ Lending Finance Australia report, released yesterday, revealed that the total value of owner-occupied... READ MORE
Credit reporting changes welcomed
by Staff Reporter • 12 Aug 2008
Tentative proposals to alter Australia’s credit reporting framework have been met with approval by the... READ MORE
25bp rate cut a start but more needed to spark market revival
by Staff Reporter • 12 Aug 2008
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could... READ MORE
Adelaide and Bendigo deliver solid profit
by Staff Reporter • 12 Aug 2008
In its first annual result since merging last year, Bendigo and Adelaide Bank Ltd have delivered a $170.5 million... READ MORE
Prospects for rate cut increasing: RBA
by Staff Reporter • 12 Aug 2008
An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary... READ MORE
ANZ cuts fixed rates by up to 50bps
by Staff Reporter • 12 Aug 2008
“An easing of short-term money market rates” has prompted ANZ to cut its fixed home and residential... READ MORE
PMI Australia?s Q2 results dip
by Staff Reporter • 11 Aug 2008
PMI Australia reported a net income of $24 million for the second quarter of 2008 on Friday.
READ MORE
Lacklustre weekend auctions
by Staff Reporter • 11 Aug 2008
Hopes of an interest rate cut have yet to translate to the property markets the weekend’s auction results have... READ MORE
ING DIRECT rationalises broker servicing and distribution
by Staff Reporter • 9 Aug 2008
ING DIRECT announced last week that it will directly service all accredited broker groups using its own business... READ MORE
Bank of England holds rates at 5pc
by Staff Reporter • 9 Aug 2008
The Bank of England’s Monetary Policy Committee voted overnight to keep the official cash rate at 5 per... READ MORE
New Opportune product to ?challenge? banks on price
by Staff Reporter • 8 Aug 2008
Opportune Home Loans is the latest mortgage manager to announce the
launch of a new home loan designed to compete with... READ MORE
Refinancing hits record high
by Staff Reporter • 8 Aug 2008
Refinancing business has soared in July according to figures released by AFG today.
READ MORE
Lending activity tipped to strengthen
by Staff Reporter • 8 Aug 2008
Brighter times may lie ahead for brokers as the RBA eases its stance on rates, but Australia’s property market... READ MORE
Rate cuts to boost broker refinancing business
by Staff Reporter • 8 Aug 2008
Refinancing activity is tipped to soar in coming months as interest rates look almost certain to fall.
READ MORE
Unemployment rate unchanged in July
by Staff Reporter • 8 Aug 2008
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed... READ MORE
Non-bank market share edges up
by Staff Reporter • 7 Aug 2008
The number of owner-occupied dwellings financed by non-banks increased by 1.8 per cent in June, ABS data showed... READ MORE
RESIMAC issues its first RMBS for 2008
by Staff Reporter • 7 Aug 2008
Non-bank lender RESIMAC has issued its first prime RMBS deal for 2008.
READ MORE
Freddie?s losses soar Q2
by Staff Reporter • 7 Aug 2008
Freddie Mac announced an enormous second quarter loss of US$821 million
(A$902 million) overnight, a significant... READ MORE
Mortgage brokers popular with first home buyers
by Staff Reporter • 7 Aug 2008
Mortgage brokers are close to the banks as the favoured first point of
contact for mortgage advice for first time... READ MORE
Australians continue to shy away from property commitments: ABS
by Staff Reporter • 7 Aug 2008
The number of Australians who committed to a home loan declined again in June to just 50,294.
READ MORE
Northern Rock posts H1 loss
by Staff Reporter • 6 Aug 2008
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months... READ MORE
US rates steady at 2pc
by Staff Reporter • 6 Aug 2008
The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent.
Industry jobs squeezed in half: Olivier Job Index
by Staff Reporter • 6 Aug 2008
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index... READ MORE
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