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Banks to remain independent of RBA rate moves
by Staff Reporter • 25 Jul 2008
The current trend for banks to move interest rates out of sync with the official cash rate will likely become the...READ MORE
Sales and marketing key priority for aggregation groups
by Staff Reporter • 25 Jul 2008
Reduced volumes and bank commission cuts have reinforced the need for solid broker sales and marketing... READ MORE
Raine & Horne Financial Services hits broker milestone
by Staff Reporter • 25 Jul 2008
Raine & Horne Financial Services (RHFS) yesterday announced the appointment of its 70th mortgage broker.
READ MORE
Uni Credit Union and mecu merge
by Staff Reporter • 24 Jul 2008
Uni Credit Union (UCU) will transfer its business to mecu on Wednesday 1 August.
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Rents skyrocket across the country
by Staff Reporter • 24 Jul 2008
The cost to rent soared over the twelve months to June with double digit growth recorded in five out of eight... READ MORE
NZ Reserve Bank cuts rates
by Staff Reporter • 24 Jul 2008
New Zealand borrowers were rewarded a 0.25 per cent cut to the official cash rate yesterday – the first... READ MORE
Arrears on prime low docs rise to new high
by Staff Reporter • 24 Jul 2008
Arrears on prime residential mortgages reached an all time high in May, Standard & Poor’s Australian Prime... READ MORE
CPI rises to decade high
by Staff Reporter • 23 Jul 2008
Inflation hit an annual rate of 4.5 per cent in the June quarter, data from the ABS revealed today.
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CBA seeks ABN AMRO takeover
by Staff Reporter • 23 Jul 2008
CBA today announced that it was in discussions with Royal Bank of Scotland to acquire the Australian arm of ABN AMRO.... READ MORE
Report shows brokers valued by borrowers
by Staff Reporter • 23 Jul 2008
Banks have increased their dominance in the mortgage market but borrowers still rely significantly on brokers to... READ MORE
RAMS first non-bank to restructure commissions
by Staff Reporter • 23 Jul 2008
After three months of consultation with key distribution groups RAMS today announced it will restructure its broker... READ MORE
NAB launches low-fee home loan
by Staff Reporter • 22 Jul 2008
National Australia Bank (NAB) yesterday became the first of the big banks to offer an exit fee-free home loan.
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UK economy flirts with recession
by Staff Reporter • 22 Jul 2008
The UK’s economy will struggle to avoid a recession in 2009, the Ernst & Young ITEM Club said... READ MORE
Money Advisers eyes expansion
by Staff Reporter • 22 Jul 2008
Money Advisers yesterday announced it has chosen Choice Aggregation Services as its new aggregator.
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NSW rental shortage offers strong investment opportunities
by Staff Reporter • 21 Jul 2008
Though a grim prospect for renters, tight vacancy rates in New South Wales spell strong opportunities for investors,... READ MORE
No sign of improvement in global capital markets
by Staff Reporter • 21 Jul 2008
Global capital markets will remain under considerable stress, the chief of America’s largest bank by market... READ MORE
Two speed economy to keep inflation high
by Staff Reporter • 21 Jul 2008
Inflation could remain above three per cent until late 2009 because of solid commodity prices, Access Economics’... READ MORE
Government urged to provide consumer education on mortgage market
by Staff Reporter • 18 Jul 2008
Resi Mortgage Corp has lobbied the Federal Government for the inclusion of a dedicated consumer education program as... READ MORE
Adelaide, Challenger increase delivery rates
by Staff Reporter • 18 Jul 2008
Hopes of a short term recovery in the capital markets continue to fade amid another round of wholesale funding... READ MORE
Strong short term outlook for commercial property
by Staff Reporter • 18 Jul 2008
Bullish forecasters predict a strong rebound for commercial property this
year with markets tipped to strengthen... READ MORE
US loan applications grow steadily
by Staff Reporter • 17 Jul 2008
Home loan applications rose in the United States for the third week in a row, the Mortgage Bankers Association said... READ MORE
Diversified brokers unfazed by property slump
by Staff Reporter • 17 Jul 2008
Brokers remain confident that diversification strategies will mitigate the impact of a potential residential property... READ MORE
Glimmer of hope for cash rate reduction
by Staff Reporter • 17 Jul 2008
RBA governor Glenn Stevens offered some hope yesterday that interest rates may have reached their peak and the next... READ MORE
Residential capital city sales activity down 25pc
by Staff Reporter • 17 Jul 2008
Sales activity in the nation’s capital city markets fell by almost one quarter in the first three months of the... READ MORE
ING reveals new broker commissions
by Staff Reporter • 17 Jul 2008
ING DIRECT today announced “simple and straightforward” changes to its broker commission structure.... READ MORE
Building activity remains weak
by Staff Reporter • 16 Jul 2008
The dollar value of national building activity declined by one per cent in the March quarter compared to the December... READ MORE
Monetary policy effective: RBA
by Staff Reporter • 16 Jul 2008
Tight financial conditions and higher fuel costs are working to quell demand, minutes from the RBA’s July... READ MORE
PMI downgrade impacts $600 million RMBS
by Staff Reporter • 16 Jul 2008
Moody’s Investors Service yesterday downgraded $600 million of Australian RMBS following a downgrade to PMI... READ MORE
Over Fifty Group withdraws reverse mortgage product
by Staff Reporter • 16 Jul 2008
The Over Fifty Group has announced its decision to withdraw from the reverse mortgage market.
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Westpac concludes big banks? latest round of rate hikes
by Staff Reporter • 16 Jul 2008
Westpac today announced an increase of 0.14 per cent to its standard variable rate, which makes it the final big bank... READ MORE
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