Breaking News
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 MOREAdelaide 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 MORESeptember 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 MOREBanks 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 MORERate 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
Wizard, PodProperty launch initiative to facilitate co-ownership
by Staff Reporter • 7 Nov 2007
Wizard Home Loans has joined forces with co-ownership legal service provider PodProperty to provide specialised... READ MORE
Expected rate rise confirmed
by Staff Reporter • 7 Nov 2007
Interest rates climbed to 6.75 per cent this morning following yesterday’s RBA board meeting.
READ MOREVirgin Money Australia eyes local acquisitions
by Staff Reporter • 6 Nov 2007
Acquisitions could be on the cards for Virgin Money Australia. The announcement comes after counterpart Virgin Money... READ MORE
Fixed rate loans on the rise
by Staff Reporter • 6 Nov 2007
The proportion of property buyers opting for fixed-rate mortgages has soared 40 per cent in the past three months,... READ MORE
Liberty reacts to changing market
by Staff Reporter • 6 Nov 2007
Despite stark differences between the US and Australian sub-prime markets domestic non-conforming lenders are feeling... READ MORE
Mackay Permanent not swayed by Wide Bay bid
by Staff Reporter • 5 Nov 2007
The Bank of Queensland’s (BoQ) bid for a merger with Mackay Permanent Building Society (MPBS) remains strong as... READ MORE
Settlement volumes still strong says Deloitte
by Staff Reporter • 5 Nov 2007
Lending growth in Australia is strong despite the impact of tightening global credit markets according to... READ MORE
Strong growth in Australian housing market
by Staff Reporter • 2 Nov 2007
Australian residential property prices grew by a stunning 12.34 per cent over the last year in spite of spiralling... READ MORE
US rates slashed to buoy economy
by Staff Reporter • 2 Nov 2007
The Federal Reserve has cut rates by 25 basis points to 4.5 per cent in response to fears of a slowing US... READ MORE
St George reports steady growth in home loan lending
by Staff Reporter • 2 Nov 2007
St George Bank’s residential loan portfolio (including securitised loans) reached its 10-12 per cent annual... READ MORE
Firstfolio strengthens presence in high-growth Queensland markets
by Staff Reporter • 1 Nov 2007
ASX-listed Firstfolio Ltd has ramped up its sales and distribution presence in the north Queensland and Gold Coast... READ MORE
Lenders to take rate rise in their stride
by Staff Reporter • 1 Nov 2007
A rate rise is not expected to have a significant impact on mortgage lending, Stephen Halmarick Citi director co-head... READ MORE
Defaults rise across Australia
by Staff Reporter • 31 Oct 2007
Credit defaults have increased dramatically over the past 12 months as rising interest rates and income hardships hit... READ MORE
Hunter credit unions merger shelved
by Staff Reporter • 31 Oct 2007
Plans for Hunter Valley-based Companion Credit Union, Hunter United Employees’ Credit Union and Phoenix Credit... READ MORE
Macquarie RMBS attracts strong demand
by Staff Reporter • 30 Oct 2007
The PUMA Masterfund S-5 RMBS transaction – the first Australian RMBS consisting entirely of stated income loans... READ MORE
Wide Bay launches $56.6 million takeover bid for Mackay Permanent
by Staff Reporter • 30 Oct 2007
Wide Bay Australia yesterday announced an off-market takeover bid for Mackay Permanent Building Society (MPBS).
READ MOREStaff, product cuts to safeguard Pepper?s future
by Staff Reporter • 29 Oct 2007
Pepper Homeloans has shelved two products and axed 19 staff members in the past two weeks as jittery capital markets... READ MORE
Low doc loans still popular despite rate increases
by Staff Reporter • 29 Oct 2007
The low doc loan market grew by 26 per cent to reach $8.4 billion last year, despite being hampered by surging... READ MORE

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