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Housing finance hits seven year low

by Staff Reporter • 9 Oct 2008
Home loan approvals fell to a seven year low in August as the official cash rate peaked at 7.25 per cent. ABS data...READ MORE

Central banks move to contain worsening crisis

by Staff Reporter • 9 Oct 2008
Interest rates have been cut across the world over night in a coordinated move by central banks to counter the... READ MORE

CBA snaps up BankWest

by Staff Reporter • 8 Oct 2008
Within weeks of Lloyds TSB acquiring HBOS, the group has offloaded subsidiary BankWest to CBA. The deal, which also... READ MORE

Brokers back bank rate cuts

by Staff Reporter • 8 Oct 2008
Brokers have commended the banks’ swift move to pass the bulk of yesterday’s rate cut straight back to the... READ MORE

Big banks pass on bulk of RBA rate cut

by Staff Reporter • 8 Oct 2008
The major banks have wasted no time in announcing a substantial proportion of the shock 1 per cent RBA rate cut will... READ MORE

Upswing in banking jobs

by Staff Reporter • 8 Oct 2008
The number of jobs advertised in retail banking and mortgages rose in September but any significant recovery remains... READ MORE

RBA slashes rates by 100bps

by Staff Reporter • 8 Oct 2008
The Reserve Bank today stunned financial markets with a dramatic 100 basis point reduction to the official cash... READ MORE

CBA confirms bid for BankWest

by Staff Reporter • 7 Oct 2008
After conflicting reports last week The Commonwealth Bank has today confirmed it is in negotiations with HBOS plc to... READ MORE

Business expectations slump

by Staff Reporter • 7 Oct 2008
Business sentiment for the December quarter looks bleak according to the latest Dun & Bradstreet National Business... READ MORE

Credit crisis spreads through Europe

by Staff Reporter • 7 Oct 2008
Fears of contamination from the US credit crisis are rife as the German government leapt to rescue ailing bank Hypo... READ MORE

Bail-out fails to stop Dow slide

by Staff Reporter • 7 Oct 2008
Congressional approval of the US bail-out bill failed to boost Wall Street as the Dow hit a four year low dropping 369... READ MORE

Australian delinquencies still low

by Staff Reporter • 3 Oct 2008
Resilient Australian borrowers are still on top of their mortgage repayments despite the pressure of high funding... READ MORE

September volumes jump: AFG

by Staff Reporter • 3 Oct 2008
The September rate clearly boosted borrower confidence as mortgage sales surged 10.2 per cent last month according to... READ MORE

Mortgage industry fears impact of global turmoil

by Staff Reporter • 3 Oct 2008
While reports from the IMF and RBA stress that Australia’s financial system remains solid, the international... READ MORE

Still legs in low docs

by Staff Reporter • 3 Oct 2008
Low doc lending may have slowed but contrary to recent media reports it is far from dead. Peter Hall, country... READ MORE

RBA buys 840m RMBS

by Staff Reporter • 3 Oct 2008
The Reserve Bank is beefing up its purchase of short-term RMBS in a bid to pump life into the Australian... READ MORE

Senate agrees to revised bail-out package

by Staff Reporter • 2 Oct 2008
The United States Senate has approved a revised financial system bail-out bill, after the House of Representatives... READ MORE

Borrowers won?t see 25bp cut: ANZ

by Staff Reporter • 2 Oct 2008
ANZ chief economist Saul Eslake has warned that banks will not pass on any RBA reduction unless it comes at 50 basis... READ MORE

Job cuts on the cards for Suncorp

by Staff Reporter • 2 Oct 2008

Suncorp chief executive John Mulcahy has warned that jobs are on the line in a recent email sent to staff.

READ MORE

Government RMBS investment should favour low-rate lenders

by Staff Reporter • 2 Oct 2008
The government’s $4 billion investment in residential mortgage-backed securities should be directed at lenders... READ MORE

Homeloans MD steps down

by Staff Reporter • 2 Oct 2008
Brian Jones has stepped down from his role as Homeloans Ltd managing director, according to a statement lodged with... READ MORE

GE drops prime and fixed products

by Staff Reporter • 2 Oct 2008
GE Money has today announced it will suspend a number of its mortgage products and features including its Flexible... READ MORE

Stocks bounce as Bush pledges rescue plan revival

by Staff Reporter • 1 Oct 2008
US stocks made their biggest one day jump in six years overnight, as expectations grow that an adjusted bank rescue... READ MORE

Financial crisis to keep lending rates high

by Staff Reporter • 1 Oct 2008
Home lending rates could remain unchanged despite speculation that the RBA could cut rates by up to 50 basis points... READ MORE

Weak building activity puts pressure on affordability

by Staff Reporter • 1 Oct 2008
Building approval data released by the ABS shows weak construction activity has persisted into the second half of the... READ MORE

PLAN acquisition complete: Challenger

by Staff Reporter • 1 Oct 2008
Challenger Financial Services now dominates Australia’s aggregation sector on yesterday’s news that it has... READ MORE

Australian property values steady

by Staff Reporter • 1 Oct 2008
Australia’s severe housing shortage has underpinned housing prices and will shield the market against any wide... READ MORE

Financial crisis intensifies as US bail-out plan rejected

by Staff Reporter • 30 Sep 2008
Panic struck global financial markets overnight as the US House of Representatives kicked out the US$700 billion... READ MORE

$4b RMBS investment not enough: Mortgage Choice, First Mac

by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE

$4b RMBS investment not enough: Mortgage Choice, First Mac (2)

by Staff Reporter • 30 Sep 2008
While the Government’s investment in the RMBS market has been welcomed as a first step, the mortgage industry... READ MORE
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