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Opinion: Broker channel safe from bank withdrawal

by Staff Reporter • 23 Oct 2008

By Brendan O'Donnell, CEO Choice Aggregation Services

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NAB Broker to deliver real-time access to client data

by Staff Reporter • 23 Oct 2008
NAB Broker today announced a range of new initiatives to support its brokers in the delivery of advice to their... READ MORE

ANZ reports fall in profit

by Staff Reporter • 23 Oct 2008

ANZ today delivered a 21 per cent fall in annual net profit of $3.319 billion.

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AFM drops full and low doc rates

by Staff Reporter • 23 Oct 2008
Australian First Mortgage (AFM) moved quickly to undercut the major banks by yesterday announcing a 0.30 per cent rate... READ MORE

Biggest ever rate cut for NZ

by Staff Reporter • 23 Oct 2008

The Reserve Bank of New Zealand has slashed its cash rate by one per cent to 6.5 per cent.

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First home buyer enquiry levels soar

by Staff Reporter • 23 Oct 2008
The government’s first home buyer boost is looking increasingly promising for brokers’ businesses, with... READ MORE

Inflation hits 5 pc

by Staff Reporter • 23 Oct 2008

Inflation surged to reach five per cent in the September quarter – the highest level since 1995.

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NAB favourite to buy Wizard

by Staff Reporter • 22 Oct 2008
National Australia Bank could be just days away from acquiring GE Money’s Wizard Home Loans, The Australian... READ MORE

Government could u turn on deposit guarantee

by Staff Reporter • 22 Oct 2008
The government may consider capping its unlimited bank deposit guarantee scheme amid a political storm that broke in... READ MORE

Mortgage stress improves but more rate cuts needed

by Staff Reporter • 22 Oct 2008
Rate cuts and tax changes have eased borrowers’ mortgage stress but the threat of rising unemployment could... READ MORE

Global financial catastrophe averted: RBA

by Staff Reporter • 22 Oct 2008
The international financial system is more than likely on the road to recovery, RBA governor Glenn Stevens said... READ MORE

St George cuts standard variable

by Staff Reporter • 22 Oct 2008

St George yesterday moved to reduce its rates by 21 basis points, in line with its peers.

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Westpac, Homeloans, Liberty move on rates

by Staff Reporter • 22 Oct 2008
Westpac today announced that it will reduce its home loan rates by 20 basis points bring its standard variable rate to... READ MORE

Deposit guarantee scheme ?no impact? on Challenger

by Staff Reporter • 21 Oct 2008
Contrary to reports in The Australian Financial Review today, Steve Weston, Challenger’s general manager of... READ MORE

Bank deposit guarantees under attack

by Staff Reporter • 21 Oct 2008
The government’s unlimited bank deposit guarantee has come under fire for creating serious dislocation in the... READ MORE

PLAN acquisition boosts Challenger's loan book

by Staff Reporter • 21 Oct 2008
Challenger Financial Services Group’s mortgages under administration and advice rose to $68.150 billion in the... READ MORE

Banks re-think high LVR low docs

by Staff Reporter • 21 Oct 2008
The recent withdrawal of low doc loan discounts by CBA and ANZ highlights a re-pricing of risk that may represent an... READ MORE

NAB profit marginally down

by Staff Reporter • 21 Oct 2008
National Australia Bank reported a 0.9 per cent fall in net profit today as a result of an “extremely difficult... READ MORE

Australian borrowers more confident

by Staff Reporter • 21 Oct 2008
The Reserve Bank’s cash rate reductions in September and October have contributed to a small but apparent lift... READ MORE

CBA drops rates

by Staff Reporter • 21 Oct 2008
CBA is the latest major lender to cut its home loan rates following announcements from ANZ and NAB over the last few... READ MORE

RAMS stands by first home buyer campaign

by Staff Reporter • 20 Oct 2008
RAMS Home Loans has played down accusations that it has irresponsibly targeted first home buyers in a series of... READ MORE

CBA shuts online home loan business

by Staff Reporter • 20 Oct 2008
The Commonwealth Bank has shut down online mortgage business HomePath after it failed to attract a sustainable rate of... READ MORE

?10 billion government boost for ING

by Staff Reporter • 20 Oct 2008
The Dutch government will inject €10 billion ($A19.55 billion) into ING, it announced on Sunday, as part of its... READ MORE

Auctions remain slow

by Staff Reporter • 20 Oct 2008
Auction activity picked up slightly over the weekend however homebuyers continue to act cautiously in the face of... READ MORE

NAB follows ANZ with rate cut

by Staff Reporter • 20 Oct 2008
NAB is the second major bank to drop its variable rate in the last few days following ANZ's Friday 0.25 per cent rate... READ MORE

ANZ drops variable rate by further 0.25 pc

by Staff Reporter • 18 Oct 2008
ANZ today announced that it will cut its variable rate by 0.25 per cent only days after slashing rates by 0.80 per... READ MORE

FirstMac refinances $172.6m RMBS

by Staff Reporter • 18 Oct 2008
FirstMac today announced that it has successfully refinanced a $172.6 million RMBS issue after voluntarily increasing... READ MORE

Third of brokers fear bank pull out

by Staff Reporter • 17 Oct 2008
Aggregation heads have been quick to reassure brokers that the Australian market is unlikely to see the departure of a... READ MORE

In the papers: Aussie under investigation

by Staff Reporter • 17 Oct 2008
Aussie Home Loans is under investigation by the Privacy Commission after personal information on more than 40... READ MORE

NAB issues prime RMBS

by Staff Reporter • 17 Oct 2008
National Australia Bank has issued a RMBS worth close to $3 billion. The deal, which is NAB’s second issue for... READ MORE
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