Mortgage sales up in choppy market 08 June 2011 4:35PM Volatile conditions continue in the credit market, with one of Australia's biggest mortgage aggregators reporting a strong surge in sales in May, after April's big drop. read more
LVRs on the way up 07 June 2011 4:57PM Lenders are offering higher loan-to-valuation ratios on mortgages, according to the comparison website RateCity. read more
PPS gets a final touch-up before launch 06 June 2011 4:30PM A final set of amendments to the Personal Property Securities Act, which comes into effect in October, was passed in Parliament last week. The amendments include alignment with New Zealand law, cons.. read more
ASX to offer debt ETFs 03 June 2011 4:47PM The Australian Securities Exchange is taking a new tack in its bid to develop a listed market for debt securities. Later this year it hopes to offer a platform for exchange-traded funds whose underl.. read more
Fourth kangaroo covered bond comes to market 02 June 2011 4:36PM Norwegian financial services group DNB Nor Boligkreditt AS became the second foreign issuer of Australian-dollar denominated covered bonds yesterday, when it priced an A$600 million issue. read more
Business credit demand to remain weak 02 June 2011 4:33PM The weak demand for business credit that was highlighted in Reserve Bank and Australian Prudential Regulation Authority data this week looks likely to continue. Veda Advantage reported yesterday tha.. read more
NSW interest rate cap to remain in place 02 June 2011 4:26PM The New South Wales Government has introduced legislation to keep the state's interest rate cap in force. The cap was due to expire in July. read more
Banks struggle to manage consistent deposit flows 01 June 2011 4:48PM Households and businesses continue to build up their deposits, while being reluctant to borrow. This is good news for financial institutions looking to increase their consumer and small business sav.. read more
First Home Saver rule change is law at last 01 June 2011 4:43PM Amendments to the First Home Saver Account Act received royal assent last week and the long-awaited changes to the scheme will apply to houses purchased after May 25. read more
ATO warns on mortgage management schemes 01 June 2011 4:42PM The Australian Taxation Office has included two mortgage structures among a group of unacceptable tax schemes in a guide to tax-effective investment published yesterday. It describes them as mortgag.. read more