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Education essential to reverse mortgage sector?s expansion
by Staff Reporter • 27 Nov 2007
Reverse mortgage lenders fear the consequences of a future media beat-up as consumers are slow to grasp the finer...READ MORE
Securitisers? assets fall for first time in 12 years
by Staff Reporter • 26 Nov 2007
The total assets of Australian securitisers at the end of the September quarter were $272.4 billion – down 0.6... READ MORE
Newcastle broker sentenced for lo doc fraud
by Staff Reporter • 26 Nov 2007
Mark Shalimov,
director of investment company Future Management Group Limited (FMG), was
convicted by the Sydney... READ MORE
Housing affordability at record lows, set to worsen
by Staff Reporter • 24 Nov 2007
Home loan affordability plunged 2.2 per cent over the September quarter and 8.1 per cent over the year.
READ MORE
US mortgage applications drop 3.6 per cent
by Staff Reporter • 23 Nov 2007
US mortgage applications plunged last week according to the Mortgage Bankers Association’s (MBA) weekly mortgage... READ MORE
CUA withdraws variable interest loans from broker network
by Staff Reporter • 23 Nov 2007
Australia’s largest credit union, Credit Union Australia (CUA), has become the latest victim of the global... READ MORE
Wide Bay a step closer to netting Mackay
by Staff Reporter • 23 Nov 2007
Wide Bay Australia today announced that it has received an overwhelming response to its takeover offer for Mackay... READ MORE
Brisbane office rents now more expensive than Sydney
by Staff Reporter • 23 Nov 2007
Brisbane has stolen Sydney’s mantle as the most expensive office
market in the country, according to the latest... READ MORE
Borrowers unaware of reverse mortgage pitfalls
by Staff Reporter • 22 Nov 2007
The majority of borrowers that have taken out a reverse mortgage were not fully informed about the conditions of their... READ MORE
RAMS directors confirm support for Westpac deal
by Staff Reporter • 21 Nov 2007
RAMS Home Loans’ directors confirmed yesterday in a statement to the ASX their unanimous recommendation that... READ MORE
BoQ walks away from Mackay bid
by Staff Reporter • 21 Nov 2007
The Bank of Queensland (BoQ) withdrew its $53.2 million takeover bid for Mackay Permanent Building Society (MPBS)... READ MORE
US homebuilder confidence at 22-year low
by Staff Reporter • 20 Nov 2007
US homebuilder confidence for new single-family homes remains at a record low this month due to continuing mortgage... READ MORE
BoQ bid stands
by Staff Reporter • 20 Nov 2007
The Bank of Queensland (BoQ) has announced it does not intend to increase its $53.2 million offer for Mackay Permanent... READ MORE
Boom times for private lenders
by Staff Reporter • 19 Nov 2007
Securitised lenders may have been starved of funds since the July US sub-prime collapse but Australia’s private... READ MORE
Mackay backs Wide Bay bid
by Staff Reporter • 19 Nov 2007
Mackay Permanent Building Society’s (MPBS) board of directors have backed Wide Bay’s latest takeover... READ MORE
UK commercial property market slumps
by Staff Reporter • 19 Nov 2007
Confidence in the UK commercial property market has hit a four year low, with the global credit crunch listed as one... READ MORE
Westpac begins funding new RAMS loans
by Staff Reporter • 17 Nov 2007
Westpac today announced that it had completed funding arrangements for RAMS Home Loans up to $500 million.
READ MORE
Victoria switches on world?s first online conveyancing system
by Staff Reporter • 16 Nov 2007
The Victorian government launched the world’s first electronic conveyancing (EC) system today.
READ MORE
Research supports calls to broaden credit reporting regime
by Staff Reporter • 16 Nov 2007
Research released by Veda Advantage yesterday found that 1.9 million
Australians with good credit histories have been... READ MORE
A step closer to Home
by Staff Reporter • 16 Nov 2007
The Federal Treasurer today approved the Bank of Queensland’s (BoQ) proposed $600 million takeover of... READ MORE
Wide Bay ups stakes to net Mackay Permanent
by Staff Reporter • 15 Nov 2007
Building society Wide Bay Australia has increased its bid for Mackay Permanent Building Society (MPBS) in a move to... READ MORE
FirstMac and La Trobe join Mortgage Choice panel
by Staff Reporter • 14 Nov 2007
Mortgage Choice has added La Trobe Financial Services and FirstMac to its lender panel.
READ MORE
Adelaide Bank shareholders put support behind Bendigo merger
by Staff Reporter • 13 Nov 2007
Adelaide Bank’s ordinary shareholders have approved the union with Bendigo Bank.
READ MORE
September ABS figures highlight market volatility says Bouris
by Staff Reporter • 12 Nov 2007
The non-bank lending sector experienced a significant drop in new business in September.
READ MORE
Banks profit in time of global uncertainty
by Staff Reporter • 12 Nov 2007
Australia’s major banks have posted record profits largely off the back of a strong economy and the flow on... READ MORE
US legislation overhauls mortgage lending practices
by Staff Reporter • 9 Nov 2007
The US House Committee on Financial Services has approved new mortgage reform legislation to curb predatory lending... READ MORE
NAB first 'big four' bank to lift rates
by Staff Reporter • 9 Nov 2007
NAB has announced a 0.25 per cent increase on their variable home loan rate.
READ MORE
Rate rise hits home, warns MBA
by Staff Reporter • 9 Nov 2007
Building and construction group Master Builders Australia (MBA) has raised concerns that the RBA’s latest 25... READ MORE
Mutuals post healthy returns
by Staff Reporter • 9 Nov 2007
Credit unions and building societies posted strong performances in 2007 according to KPMG’s Financial... READ MORE
MGIC confident about Australian lending but warns of further US pain
by Staff Reporter • 8 Nov 2007
Mortgage insurer MGIC today warned that a battered US lending industry faced further pain when a credit crisis peaks... READ MORE
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