Breaking News
Dismal results for weekend auctions
by Staff Reporter • 31 Mar 2008
Auction results over the weekend highlight a rapidly changing property market, with clearance rates down in most...READ MORE
US to overhaul financial system
by Staff Reporter • 31 Mar 2008
U.S. Treasury Secretary Henry M. Paulson will hold a press conference today entitled Remarks on Financial Market... READ MORE
Major UK lender scraps loans
by Staff Reporter • 31 Mar 2008
The UK’s second largest lender, Nationwide Building Society, announced late last week that it would withdraw... READ MORE
Borrowers must shoulder rising funding costs
by Staff Reporter • 31 Mar 2008
Eight months on and the worsening liquidity crisis is crippling the profitability of mortgage lending.
READ MOREGlobal authorities discuss actions to combat financial turmoil
by Staff Reporter • 31 Mar 2008
The world’s leading financial authorities met in Rome over the weekend to discuss the challenges currently... READ MORE
Bank interest rate tactics 'deceptive': Resi
by Staff Reporter • 28 Mar 2008
Resi Mortgage Corp has urged borrowers not to be spooked by bank and other commentators’ rhetoric around interest... READ MORE
Crisis contingency for ADIs
by Staff Reporter • 28 Mar 2008
The Council of Financial Regulators has revived
recommendations for a scheme to guarantee bank deposits in the case of... READ MORE
Supply and demand both influencing affordability: RBA
by Staff Reporter • 28 Mar 2008
Increasing demand and constrained supply are fuelling Australia’s excessively high house prices, according to... READ MORE
RBA confident in Australian financial system
by Staff Reporter • 27 Mar 2008
The Australian economy is well-positioned to weather global financial difficulties and even better positioned to cope... READ MORE
Debt committments increase motivation for Australians to save
by Staff Reporter • 27 Mar 2008
Repaying debt has become a significant motivator for household savings, according to the Melbourne Institute Household... READ MORE
Freddie Mac equivalent for Australia?
by Staff Reporter • 27 Mar 2008
The federal government has been called upon to support liquidity in the Australian securities market in order to... READ MORE
Solid potential for guarantor loans
by Staff Reporter • 26 Mar 2008
Demand for co-ownership products and guarantor home loans look set to soar with almost eight out of ten parents... READ MORE
Macquarie?s retreat splits industry
by Staff Reporter • 26 Mar 2008
Opinion is divided over the impact Macquarie Bank’s exit will have on Australian securitisation, according to... READ MORE
NAB lifts variable rates
by Staff Reporter • 26 Mar 2008
National Australia Bank (NAB) yesterday announced an additional nine basis points increase to its standard variable... READ MORE
Brokers appreciate need for commission clawbacks: St George
by Staff Reporter • 26 Mar 2008
Mortgage brokers are coming to terms with lenders' need to improve shrinking margins, St George general manager of... READ MORE
Banks? profits up 13 per cent, mutuals down
by Staff Reporter • 25 Mar 2008
Australian banks’ profits continued to rise in 2007, data released today by the Australian Prudential Regulation... READ MORE
Commonwealth to govern mortgage industry?
by Staff Reporter • 25 Mar 2008
The federal government is set to take over regulation of non-bank lending and mortgage broking, The Australian... READ MORE
Wilson National to strengthen white label offering
by Staff Reporter • 25 Mar 2008
Mortgage manager Wilson National will boost its white label product offering to businesses through adding a Visa... READ MORE
Melbourne rental vacancies drop below one per cent
by Staff Reporter • 20 Mar 2008
Melbourne rental vacancies have fallen for the first time on record below one per cent.
READ MOREUK AVM provider ramps up Aussie operations
by Staff Reporter • 20 Mar 2008
Hometrack, a leading provider of automated valuations (AVMs) in the UK, is ramping up its Australian operations,... READ MORE
Rents increase rapidly
by Staff Reporter • 20 Mar 2008
Rents are increasing at rapid rates throughout the country, with the nation’s capital now the most expensive... READ MORE
$500 million Bluestone boost
by Staff Reporter • 20 Mar 2008
Non-conforming lender Bluestone today announced that it had successfully concluded a renewal discussion with Westpac,... READ MORE
ING DIRECT to fund Resi
by Staff Reporter • 19 Mar 2008
Despite some lenders scaling back wholesale funding due to tough market conditions, ING DIRECT has announced a new... READ MORE
Reverse mortgage growth stunted by slow second half performance
by Staff Reporter • 19 Mar 2008
Demand continued to grow for reverse mortgages throughout 2007 but the sector struggled to maintain sales volumes in... READ MORE
US rates cut by 0.75 per cent
by Staff Reporter • 19 Mar 2008
The official US cash rate was slashed again overnight by 75 basis points to 2.25 per cent.
READ MOREUncomfortably high inflation behind March rate rise: RBA minutes
by Staff Reporter • 19 Mar 2008
Inflation proved once again a significant factor in the RBA’s decision to lift interest rates this month,... READ MORE
House price growth outweighs income increases
by Staff Reporter • 18 Mar 2008
Housing prices have increased significantly compared to incomes over the last two decades, according to the AMP/NATSEM... READ MORE
Fed moves to bolster market liquidity
by Staff Reporter • 18 Mar 2008
The US Federal Reserve (Fed) has announced two measures this week to “bolster market liquidity” and... READ MORE
MFAA asks borrowers not to write off non-banks
by Staff Reporter • 17 Mar 2008
The MFAA, showing support for the non-bank sector, has encouraged Australian borrowers to consider both banks and... READ MORE
Falling consumer confidence won?t sway RBA on rates
by Staff Reporter • 17 Mar 2008
Consumer confidence has been dented but further rate rises may be on the cards.
READ MORE
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