499

The securitisation market appeared to take a step back yesterday, when Citibank priced its A$760 million Securitised Australian Mortgage Trust 2011-1 at a significantly higher spread than other rece.. read more

The Federal Court yesterday rejected ANZ's bid to delay proceedings in a class action over the enforceability of its exception fees. The court upheld an application that there be a preliminary heari.. read more

Bank of Queensland's net profit for the six months to February slumped 45 per cent on the back of a steep increase in bad debt charges. read more

Credit card issuers are beefing-up rewards programs aimed at big spenders in a bid to grow share in the one part of the credit card market that is growing strongly. read more

The Government's plan to develop a system for portability of lenders mortgage insurance would have application in only a very few mortgage refinancing arrangements, a senior industry figure said yes.. read more

The Australian Government "does not understand the sovereign risk issue" and could be putting capital inflow into the economy at risk, ANZ chief executive Mike Smith said on Friday. read more

Providers of high volume, low value credit products, such as credit cards, may no longer be able to rely on generic data to assess a consumer's capacity to repay the loan. read more

Commonwealth Bank completed the biggest-ever Australian dollar mortgage securitisation on Wednesday, when it priced the A$3 billion Medallion Trust Series 2011-1. read more

A growing number of people are struggling with their debts, according to Veda Advantage's latest Australian Debt Study. read more

While official housing figures show a steep decline in lending since the start of the year, a report from one of the country's biggest mortgage aggregators, AFG, suggests a pick-up in activity may b.. read more