Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Rate rise a blow to investor activity

by Staff Reporter • 5 Mar 2008

Yesterday’s lift in interest rates to a 12-year high is likely to dampen any potential increase in property...READ MORE

Macquarie to wind-back residential mortgage originations

by Staff Reporter • 5 Mar 2008

Macquarie Bank announced this morning that Macquarie Securitisation will wind-back its residential mortgage... READ MORE

Interest rates up to 7.25 per cent

by Staff Reporter • 5 Mar 2008

The RBA lifted interest rates by a further 0.25 per cent today in a bid to curb rising inflation.

Government doubles investor incentive scheme

by Staff Reporter • 4 Mar 2008

The federal government has doubled its National Rental Affordability Scheme – reflecting the “severity of... READ MORE

Package deals dominate new mortgage applications

by Staff Reporter • 4 Mar 2008

Mortgage packages now account for half of all new mortgages in Australia, market analyst Datamonitor announced... READ MORE

Absent overseas investors hobble domestic RMBS

by Staff Reporter • 4 Mar 2008

Australia’s reliance on offshore investors is stifling local RMBS activity, despite the underlying health of the... READ MORE

US banking regulator tightens mortgage data reporting requirements

by Staff Reporter • 3 Mar 2008

Nine of the United States’ biggest banks will now be required to submit monthly mortgage data to federal... READ MORE

Inner-Sydney apartment market to begin gradual recovery

by Staff Reporter • 3 Mar 2008

Demand for Sydney’s inner-city apartments is predicted to increase slightly this year with a more pronounced... READ MORE

Bluestone to issue two RMBS deals

by Staff Reporter • 3 Mar 2008

Bluestone is set to brave the capital markets in what may be the first major RMBS deals of 2008, The Australian... READ MORE

No new applications for Mobius

by Staff Reporter • 3 Mar 2008

White label lender Mobius has ceased to accept new mortgage applications.

Strong deposit growth pays off for HBOS

by Staff Reporter • 29 Feb 2008

HBOS Australia, which operates BankWest, yesterday announced a 15 per cent rise in underlying profit to $757 million... READ MORE

Tax credits offered to encourage affordable housing investment

by Staff Reporter • 29 Feb 2008

The federal government will begin a tax credit scheme to stimulate investment in affordable housing, federal housing... READ MORE

Rents as high as loan repayments in some Australian states

by Staff Reporter • 29 Feb 2008

Housing affordability continued to worsen in the December quarter, the Real Estate Institute of Australia (REIA) and... READ MORE

Data providers criticised for conflicting house price values

by Staff Reporter • 29 Feb 2008

Residential property data providers have come under criticism for wide ranging differences in house price... READ MORE

Suncorp profit down, but lending growth strong

by Staff Reporter • 28 Feb 2008

Diversified financial services group Suncorp reported a first half net profit of $382 million today.

Transparency key to improving investors? confidence in finance sector

by Staff Reporter • 28 Feb 2008

As many financial companies continue to suffer from wavering investor confidence, chief executive of National... READ MORE

Bright results for non-banks despite tough mortgage market

by Staff Reporter • 28 Feb 2008

While battered international institutions flag losses amid global market turbulence, February revealed positive... READ MORE

Allco set to offload Mobius

by Staff Reporter • 27 Feb 2008

Allco Finance Group (Allco) has faced a tumultuous few days since reporting its half year results on Monday.

The Rock delivers on-track profit

by Staff Reporter • 27 Feb 2008

The Rock Building Society yesterday reported a net profit after tax of $2.27 million for the half year to 31 December... READ MORE

RHG announces half year profit result

by Staff Reporter • 27 Feb 2008

RHG Limited yesterday announced a half year profit of $22.6 million. Consolidated profit after income tax for the... READ MORE

Strong half year profit for Homeloans Ltd

by Staff Reporter • 27 Feb 2008

Homeloans Ltd today announced a half year net profit of $2.269 million, an increase of 230 per cent on the restated... READ MORE

Banks profit from commercial lending: NAB

by Staff Reporter • 26 Feb 2008

Deterioration of the credit markets is resulting in increased commercial lending business at attractive profit margins... READ MORE

Slow home sales in the US reflect tight lending standards

by Staff Reporter • 26 Feb 2008

Sales of existing homes in the US continue to steadily decline, the American National Association of Realtors (NAR)... READ MORE