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Central banks to ease pressure on short-term funding markets

by Staff Reporter • 13 Dec 2007
In a show of solidarity not seen since September 11, the Federal Reserve (Fed), European Central Bank (ECB) and three...READ MORE

AUSTRAC launches assistance tools as AML/CTF requirements kick in

by Staff Reporter • 13 Dec 2007
Businesses across the financial services sector are now required to implement anti-money laundering/counter-terrorism... READ MORE

Banks? profit cut unless rates rise: JP Morgan

by Staff Reporter • 12 Dec 2007
Australia’s big four banks’ profit margins will shrink considerably unless they pass on the higher costs... READ MORE

Club Financial Services acquires The Mortgage Bureau

by Staff Reporter • 12 Dec 2007
Club Financial Services (Club) today announced the acquisition of franchise-operated mortgage brokerage The Mortgage... READ MORE

US cuts rates to 4.25 per cent

by Staff Reporter • 12 Dec 2007
The US Federal Reserve's Federal Open Market Committee (FOMC) decided yesterday to lower interest rates by 25 basis... READ MORE

Non-bank market share slides again

by Staff Reporter • 11 Dec 2007

The non-bank sector struggled again in October to hold onto market share.

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Bluestone prices A$408.9 million RMBS

by Staff Reporter • 10 Dec 2007
Non-conforming lender Bluestone successfully priced a A$408.9 million RMBS through lead arrangers Barcap and Westpac... READ MORE

US Government sub-prime bailout meets tentative Aussie approval

by Staff Reporter • 10 Dec 2007
Planned US government initiatives to help ease the impact of the sub-prime crisis have been met with cautious approval... READ MORE

BoQ to take on the big banks

by Staff Reporter • 7 Dec 2007
The Bank of Queensland (BoQ) yesterday confirmed it will continue to look for strategic acquisitions to strengthen its... READ MORE

OECD says rates to rise in 2008

by Staff Reporter • 7 Dec 2007
The RBA will need to raise interest rates to curb growth and inflation the Organisation for Economic Cooperation and... READ MORE

Bank of England cuts cash rate

by Staff Reporter • 7 Dec 2007
The Bank of England Monetary Policy Committee yesterday voted to reduce the official cash rate by 25 basis points to... READ MORE

Firstfolio looks to bonds

by Staff Reporter • 7 Dec 2007

Firstfolio has announced plans to move into niche markets beyond mortgage lending.

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Brisbane investors opt for serviced apartments over residential rental

by Staff Reporter • 6 Dec 2007
New residential apartment completions fell in Brisbane during the financial year of 2006/07 BIS Shrapnel announced... READ MORE

Adelaide Bank increases home loan rates

by Staff Reporter • 6 Dec 2007
Adelaide Bank lifted interest rates by 25 basis points on Monday for products across its wholesale lending program.... READ MORE

RBA changes rate reporting structure

by Staff Reporter • 5 Dec 2007
The RBA today accompanied its cash rate announcement with a brief statement explaining the reasoning behind its... READ MORE

Expected hold on rates confirmed

by Staff Reporter • 5 Dec 2007

The RBA today announced that interest rates will remain unchanged at 6.75 per cent.

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National property prices rise 12.5 per cent

by Staff Reporter • 4 Dec 2007

Australian property prices rose 12.5 per cent over the twelve month period ending September 2007.

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Consumers uncomfortable with non-bank sector

by Staff Reporter • 4 Dec 2007
New research commissioned by the Australian Mortgage Council has shown that 31 per cent of consumers would feel... READ MORE

Home shareholders support BoQ merger

by Staff Reporter • 3 Dec 2007
A proposed $600 million merger between the Bank of Queensland (BoQ) and Home Building Society (Home) was... READ MORE

Rudd cautions banks of rate rise risk

by Staff Reporter • 3 Dec 2007
Prime Minister elect Kevin Rudd today cautioned commercial banks against raising interest rates over the Reserve... READ MORE

Fixed rates popular with first home buyers

by Staff Reporter • 3 Dec 2007
Borrower demand for fixed-rate loans rose for the third consecutive month in October, accounting for 31 per cent of... READ MORE

US foreclosures nearly double within a year

by Staff Reporter • 30 Nov 2007
US home foreclosures have nearly doubled in a year – highlighting how many homeowners were falling behind on... READ MORE

Flat October for new home sales

by Staff Reporter • 29 Nov 2007
New home sales remained effectively flat in October as the housing affordability crisis showed few signs of easing.... READ MORE

Government releases new draft laws for NSW brokers

by Staff Reporter • 29 Nov 2007
The NSW Government has taken a step closer to implementing a regulatory scheme for the state’s mortgage brokers... READ MORE

South-west Sydney dubbed worst housing stress area

by Staff Reporter • 29 Nov 2007

Mortgage stress has hit south-west Sydney harder than any other location in Australia.

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Pepper cracks non-conforming RMBS deadlock

by Staff Reporter • 28 Nov 2007
Australian securitisation took a significant step forward this week with the news that Pepper Homeloans successfully... READ MORE

Australian RMBS delinquencies fall September quarter

by Staff Reporter • 28 Nov 2007

The Australian prime mortgage market has shown a decline in delinquencies in the third quarter of 2007.

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US consumer confidence declines, again

by Staff Reporter • 28 Nov 2007
Consumer confidence in the US slid again in November – plunging confidence levels to their lowest in two... READ MORE

Regional banks' strong profit sign of future strength

by Staff Reporter • 28 Nov 2007
Australia’s regional banks have flourished in the strong economic environment, posting strong profits and high... READ MORE

Virgin the preferred saviour of Northern Rock

by Staff Reporter • 27 Nov 2007
Embattled UK bank Northern Rock has singled out a Richard Branson-backed Virgin Consortium as the preferred bidder for... READ MORE
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