Suncorp's non-core run-off ahead of schedule 31 May 2011 4:23PM Suncorp Bank is making good progress running off its non-core loan portfolio. The bank reported yesterday that it had run off A$8.5 billion of its non-core portfolio and is now $2.4 billion ahead of.. read more
Perpetual committed to corporate trust business 27 May 2011 4:33PM Perpetual's new chief executive, Chris Ryan, said the company remained committed to its securitisation trustee and mortgage-servicing business, despite falling volumes and margin pressure. read more
ASIC takes mercantile agency ACM to court 27 May 2011 4:32PM The Australian Securities and Investments Commission has commenced proceedings in the Federal Court against Accounts Control Management Services Pty Ltd and ACM Group Ltd, one of Australia's largest.. read more
NAB pushes RMBS term out to three years 26 May 2011 4:42PM National Australia Bank continued the trend towards longer terms on mortgage-backed securities issues this year in announcing yesterday that it had upsized its National RMBS Trust 2011-1 with three-.. read more
Reverse mortgage market stirring 26 May 2011 4:37PM After four tough years, during which loan volumes were cut in half, the reverse mortgage market is showing signs of recovery. The latest Sequal/Deloitte reverse mortgage survey, released yesterday,.. read more
Thorn Group diversifies 25 May 2011 4:31PM Thorn Group yesterday reported a 13 per cent increase in earnings for the year to March. The lending, leasing and rental business made a net profit of A$22 million on revenues of $157.6 million. read more
ASIC ponders risk retention rules for RMBS issuers 25 May 2011 4:29PM The Australian Securities and Investment Commission's job of devising a new regulatory regime for the securitisation market has been made difficult because of the divergent paths being taken to refo.. read more
Satisfaction gap closes 25 May 2011 4:26PM Big banks have worked hard to differentiate themselves from each other as part of their strategy to improve customer satisfaction, but the latest Roy Morgan Research report shows that their satisfac.. read more
Spread comes back in for AMP Bank's RMBS 24 May 2011 4:29PM Yesterday, AMP Bank priced its latest issue of mortgage backed securities, Progress 2011-1 Trust, paying 100 basis points over the bank bill swap rate for the A$676.8 million class A1 tranche. read more
Brokers slow to adapt to new conditions 24 May 2011 4:26PM The passage of the National Consumer Credit Protection Act late in 2009 was the catalyst for a review of business strategies in the loan broker and aggregator markets. The industry is now faced with.. read more