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Aggregation groups braced for consolidation

by Staff Reporter • 20 May 2008
The aggregation sector is geared for consolidation as sweeping changes to broker remuneration and cost pressures...READ MORE

Four capital cities report negative growth in April

by Staff Reporter • 19 May 2008
Four of the country’s capital city housing markets experienced negative growth in April, Residex revealed on... READ MORE

Residential property listings up 74 per cent

by Staff Reporter • 19 May 2008
The number of houses listed for sale surged over the last twelve months in a sign that more Australians are feeling... READ MORE

Citibank reopens frozen credit markets

by Staff Reporter • 16 May 2008
Citibank confirmed today that it had reopened Australian securitisation markets with a $500 million Class A note RMBS... READ MORE

Budget may slow investor activity

by Staff Reporter • 16 May 2008
Tax cuts announced in the Federal budget this week could slow investor activity and worsen the plight for renters, RP... READ MORE

Upward swing to UK inflation

by Staff Reporter • 15 May 2008
The rate of inflation rose in the UK in April to three per cent – the highest rate in five years and well above... READ MORE

Freddie Mac losses ?an improvement?

by Staff Reporter • 15 May 2008
US government-sponsored Freddie Mac reported a net loss of $151 million for the first quarter of 2008 overnight... READ MORE

RMBS arrears rise, further losses expected

by Staff Reporter • 15 May 2008
Arrears on prime residential mortgages rose in January this year to 1.24 per cent from 1.09 per cent in December 2007,... READ MORE

Significant reduction to Virgin Money mortgage origination

by Staff Reporter • 15 May 2008
Increased funding costs and a reduction in available credit saw Virgin Money scale back on residential mortgage... READ MORE

Budget won?t rid economy of inflationary pressures

by Staff Reporter • 14 May 2008
The Rudd Government’s budget delivered overnight is not expected to completely dampen inflationary pressures in... READ MORE

Budget brings First Home Savers Accounts to life

by Staff Reporter • 14 May 2008

The Federal budget delivered last night included several measures to combat housing affordability.

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HSBC satisfied with Q1 results

by Staff Reporter • 13 May 2008

HSBC has announced it made a strong start to the year despite turbulence in global financial markets.

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Westpac and St George agree on key merger terms

by Staff Reporter • 13 May 2008
Westpac and St George this morning announced they had agreed on key terms for a proposed merger of the two... READ MORE

PMI Australia reports healthy first quarter earnings

by Staff Reporter • 13 May 2008
PMI Australia is performing well despite overall losses tabled by US parent PMI Group, first quarter results released... READ MORE

Personal, commercial finance commitments drop in March

by Staff Reporter • 13 May 2008
Rising interest rates are curbing consumer demand not only for home loans but also personal and commercial... READ MORE

Broker numbers set to drop

by Staff Reporter • 12 May 2008
After years of growth broker numbers look set to fall as tough market conditions and commissions restructuring... READ MORE

Inflation set to decline: RBA

by Staff Reporter • 12 May 2008
The economy is set for a period of below-trend growth as well as an easing in inflationary pressures, the RBA said on... READ MORE

New Choice Aggregation Services CEO announced

by Staff Reporter • 12 May 2008
Brendan O’Donnell has been named as the new CEO of Choice Aggregation Services (Choice) following the... READ MORE

Owner-occupied financing drops for non-banks, banks

by Staff Reporter • 12 May 2008
Tight funding conditions, increased unaffordability levels and recent media negativity impacted non-bank financing... READ MORE

Westpac and St George to forge nation?s largest bank

by Staff Reporter • 12 May 2008

Westpac announced this morning that it is in merger discussions with St George Bank.

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NAB profit up 25.8 per cent

by Staff Reporter • 9 May 2008
National Australia Bank (NAB) today reported a 25.8 per cent rise in net profit to $2.7 billion for the first half of... READ MORE

Rents outgrowing wages in Sydney

by Staff Reporter • 9 May 2008
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Rates not the monster behind mortgage stress

by Staff Reporter • 9 May 2008
Rising interest rates are not the defining cause of mortgage stress, according to mortgage insurer Genworth... READ MORE

Macquarie?s reverse mortgages off the market indefinitely

by Staff Reporter • 9 May 2008
Ongoing deterioration in global credit markets and the continued increase in the cost of funds have forced Macquarie... READ MORE

Bluestone committed to broker channel

by Staff Reporter • 8 May 2008
Bluestone has reiterated its strong support for brokers despite its decision to temporarily withdraw its reverse... READ MORE

Borrowers blame lenders for debt problems

by Staff Reporter • 8 May 2008
Three in four Australians hold financial institutions responsible for the current debt crisis, research by the... READ MORE

RMBS volumes plunge 80.5pc

by Staff Reporter • 8 May 2008
Moody’s Australian RMBS Performance Review released yesterday confirmed the startling lack of activity in... READ MORE

Mortgage lending set for tough 18 months

by Staff Reporter • 7 May 2008
Flagging consumer sentiment, record low housing affordability and the global credit crunch are all expected to take... READ MORE

Boost for Victorian first home buyers

by Staff Reporter • 7 May 2008
First home buyers in regional Victoria will be able to receive up to $15,000 in government assistance towards the... READ MORE

NAB reveals vision for new broker industry

by Staff Reporter • 7 May 2008
NAB Broker announced yesterday it will gear its services towards what it believes will be an advice-based Australian... READ MORE
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