Breaking News
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 MOREGovernment 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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