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Challenger issues $400 million RMBS

by Staff Reporter • 11 Sep 2008

Challenger Financial has issued its first RMBS deal for 2008.

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Talkback - SEPT 2008

by Staff Reporter • 11 Sep 2008
Last week we asked readers to share their thoughts on whether the non-bank sector would be able to regain market share... READ MORE

New Zealand rates slashed by 50bps

by Staff Reporter • 11 Sep 2008
The Reserve Bank of New Zealand (RBNZ) today cut interest rates by 50 basis points to 7.50 per cent – 25 basis... READ MORE

Suncorp issues $444 million RMBS

by Staff Reporter • 11 Sep 2008

Suncorp yesterday raised $444 million in its second RMBS deal for 2008.

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AFG expects to crack $2.3 billion for September

by Staff Reporter • 11 Sep 2008
The RBA’s September rate cut would appear to have reminded Australian borrowers that things aren’t quite... READ MORE

Bank overhaul announced as Lehman posts huge Q3 loss

by Staff Reporter • 11 Sep 2008
US investment bank Lehman Brothers announced an estimated third quarter loss of $US3.9 billion ($A4.88 billion)... READ MORE

Leasing, commercial and personal lending volumes drop

by Staff Reporter • 11 Sep 2008
Lending finance data from the ABS today shows slowing lending activity is not only confined to the housing... READ MORE

Sub-prime and non-conforming arrears rise

by Staff Reporter • 11 Sep 2008
Arrears on Australian sub-prime and non-conforming loans continued to increase in June, new data released today... READ MORE

Employment outlook remains bleak

by Staff Reporter • 10 Sep 2008
The outlook for employment continues to deteriorate but widespread layoffs are not yet on the cards, the Manpower... READ MORE

Business confidence and business conditions up in August

by Staff Reporter • 10 Sep 2008
Business conditions improved slightly in August spurred by an improvement in mining, however all other sectors... READ MORE

Non-bank lending tumbles in July

by Staff Reporter • 9 Sep 2008
The banks have gained further ground as funding issues continue to hamper the non-bank sector’s ability to... READ MORE

Consumer sentiment falls

by Staff Reporter • 9 Sep 2008
More than a third of Australian consumers believe they are in a worse financial position than they were 12 months... READ MORE

Fannie and Freddie bail-out a boost for Australia

by Staff Reporter • 9 Sep 2008
The US government’s bail-out of Fannie Mae and Freddie Mac may hurt American tax payers but the move has been... READ MORE

Business sentiment remains low

by Staff Reporter • 9 Sep 2008
Business executives remain pessimistic about Australia’s economic outlook amid expectations that conditions will... READ MORE

Property markets prime for investors

by Staff Reporter • 9 Sep 2008
Soaring rentals in the capital cities – particularly in the Top End – may soon lure investors back to the... READ MORE

Unemployment risks rise as job ads fall

by Staff Reporter • 9 Sep 2008
Job advertisements contracted by 4.9 per cent in August, the largest monthly decline since February 2001 and the... READ MORE

Opportune drops rates for brokers

by Staff Reporter • 8 Sep 2008
Opportune Home Loans today announced it will offer its accredited brokers interest rates discounted by up to 0.52 per... READ MORE

St George welcomes increased Westpac offer

by Staff Reporter • 8 Sep 2008
St George today confirmed its unanimous support for revised merger terms with Westpac, which values the bank at $1.25... READ MORE

US Government seizes mortgage giants

by Staff Reporter • 8 Sep 2008
Fannie Mae and Freddie Mac have been taken over by the US government in one of the country’s most dramatic... READ MORE

No quick fix for inflation: RBA

by Staff Reporter • 8 Sep 2008
Inflation will remain a threat to the economy for some time yet, RBA governor Glenn Stevens told the House of... READ MORE

Construction declines further but recovery may be in sight

by Staff Reporter • 5 Sep 2008
National construction activity continued to decline in August, albeit at a more moderated pace, the Australian... READ MORE

Biggest fall for UK house prices in 25 years

by Staff Reporter • 5 Sep 2008
UK house prices fell by the highest annual rate in a quarter of a century as pressure on household incomes and... READ MORE

GMAC US downsizes as credit crunch continues

by Staff Reporter • 5 Sep 2008

Customers generally less satisfied with banks

by Staff Reporter • 5 Sep 2008
Bank customer satisfaction has fallen for three of the big four banks, Roy Morgan Research for July has... READ MORE

Industry says 25bp cut not enough

by Staff Reporter • 5 Sep 2008
The September cut in the official cash rate has been welcomed as a move in the right direction but the broking... READ MORE

August sales slump as borrowers ?fence sit?

by Staff Reporter • 4 Sep 2008
Mortgage sales dipped by 20 per cent in August for aggregator AFG, the group’s Mortgage Index revealed... READ MORE

Bluestone ends originations

by Staff Reporter • 4 Sep 2008
Bluestone has finally ceased originating non-conforming loans as funding costs proved simply too high to... READ MORE

Slowing economy could prompt more rate cuts

by Staff Reporter • 3 Sep 2008
Economic growth figures from the ABS today confirm Australia needed yesterday’s reduction to the cash... READ MORE

Industry associations welcome rate cut

by Staff Reporter • 3 Sep 2008
Industry associations yesterday welcomed the Reserve Bank’s decision to reduce interest rates by 0.25 per cent.... READ MORE

Loan settlements, deposits up for Savings & Loans

by Staff Reporter • 3 Sep 2008
Savings & Loans grew its assets under management to a record $3 billion and grew its deposits and loan settlements... READ MORE
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