Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Insurer downgrades cause funding problems for Capital Securities

by Staff Reporter • 21 Apr 2008

Capital Securities’ funding lines have reportedly been put on hold as a result of ratings downgrades to the two...READ MORE

Brokers? future in white labelling: Wilson National

by Staff Reporter • 18 Apr 2008

Wilson National has advised brokers to turn to white labelling as commissions are slashed and lenders – such as... READ MORE

New enhancements added to Basel II Framework

by Staff Reporter • 18 Apr 2008

The Basel Committee on Banking Supervision announced a series of steps this week to further strengthen the resilience... READ MORE

BoE plans to unblock credit markets

by Staff Reporter • 18 Apr 2008

The Bank of England (BoE) has announced plans to unblock capital markets by swapping mortgage-backed securities for... READ MORE

Adelaide house price growth nation?s fastest

by Staff Reporter • 18 Apr 2008

Adelaide’s residential property sector is the fastest growing capital city market in Australia, RP Data’s... READ MORE

New partnership to boost Firstfolio?s footprint

by Staff Reporter • 17 Apr 2008

Mortgage manager Firstfolio has announced a new distribution partnership with Queensland mortgage services group... READ MORE

Sydney residential market growth best on east coast

by Staff Reporter • 17 Apr 2008

Results of the Australian Property Institute’s Australian Property Directions Survey, released yesterday,... READ MORE

First Permanent withdraws from market

by Staff Reporter • 17 Apr 2008

First Permanent has reportedly withdrawn from the mortgage market.

ASF says it will continue financing seniors

by Staff Reporter • 17 Apr 2008

Contrary to reports in the trade press, Australian Seniors Finance (ASF) has confirmed with Mortgage Business that the... READ MORE

Australian borrowers less concerned about rate rises: Mortgage Choice

by Staff Reporter • 16 Apr 2008

Data released by Mortgage Choice today showed that borrower demand for fixed-rate home loans is slowing.

Commissions cuts prompt media attack on brokers

by Staff Reporter • 16 Apr 2008

The Westpac announcement to cut broker commissions has given further cause to sections of the Australian media to... READ MORE

RBA won?t bail out insolvent institutions

by Staff Reporter • 16 Apr 2008

RBA governor Glenn Stevens yesterday revealed that the bank’s approach to any flailing domestic institutions... READ MORE

Capital city property markets steady in March

by Staff Reporter • 16 Apr 2008

The first round of data on residential property performance for March was released yesterday, indicating a still... READ MORE

Lenders? rate rises dampen consumer demand: RBA

by Staff Reporter • 15 Apr 2008

Minutes from the RBA’s April meeting released today suggest that banks and lenders’ independent rate rises... READ MORE

Commercial finance commitments fall

by Staff Reporter • 15 Apr 2008

Lending finance figures released today indicated that 12 year high interest rates are taking their toll not just on... READ MORE

Wachovia?s earnings slide from sub-prime exposure

by Staff Reporter • 15 Apr 2008

One of America’s largest banks, Wachovia, reported a net loss for the first quarter of 2008 of US$393 million... READ MORE

MFAA calls on Government to secure funding sources

by Staff Reporter • 15 Apr 2008

The MFAA has urged the Government to consider implementing an Australian version of the Canadian Mortgage and Housing... READ MORE

Westpac commission cuts surprise aggregators

by Staff Reporter • 14 Apr 2008

After months of speculation Westpac has broken ranks from the big four banks and reduced broker commissions.

Housing finance commitments slide

by Staff Reporter • 14 Apr 2008

Despite a slight increase in housing financing commitments for January, figures released today for February confirm... READ MORE

Mortgage Lenders Council?s Canberra talks show promise

by Staff Reporter • 14 Apr 2008

Rapidly changing market conditions could prompt the resurrection of the Mortgage Lenders Council – with a key... READ MORE

G7 endorses actions to combat global financial stress

by Staff Reporter • 14 Apr 2008

The Group of Seven (G7) finance ministers – which includes representatives from France, Germany, Canada, Italy,... READ MORE

Job demand declines for retail banking and mortgage sectors

by Staff Reporter • 11 Apr 2008

Demand for employees in the banking and finance sector continued to decline in March, according to the Olivier Job... READ MORE

Lending growth drives strong results for BoQ

by Staff Reporter • 11 Apr 2008

The Bank of Queensland (BoQ) yesterday delivered a net profit of $65.3 million for the first half of the 2007/08... READ MORE

Bank of England cuts rates by 0.25 per cent

by Staff Reporter • 11 Apr 2008

The Bank of England cut rates for the third time in less than six months overnight, bringing the official cash rate to... READ MORE

AMP hikes rates for third time in one month

by Staff Reporter • 11 Apr 2008

AMP Banking announced yesterday that it would lift the interest rate on its standard variable home loans by ten basis... READ MORE