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Tighter access to wholesale funding in a rising interest rate environment has dampened residential lending demand in Australia, if the regular sales monitor from Australian Finance Group is any guide. read more

The Australian Finance Group monthly sales report for March 2008 shows that the median mortgage in New South Wales was lower than eight of the preceding ten months, indicating either falling house pri.. read more

Interest rates on standard home loans continue to rise. Commonwealth Bank lifted rates (and also some business lending rates) by 12 basis points to 9.44 per cent from this week. Suncorp added five bas.. read more

Commonwealth Bank has converted a decade-long strategic alliance with leasing operator equigroup into a 50 per cent shareholding, although no consideration changed hands. read more

ThinkSmart, a listed point of sales computer and office equipment financer, continues with its international expansion plan by yesterday announcing a foray into Italy. read more

Hometrack, a United Kingdom based property and housing information provider, purchased a tick under 50 per cent stake in Residex in September 2007, and is now attempting to implement international str.. read more

Demand is falling for reverse mortgages. The half yearly survey of the market by Trowbridge Deloitte shows sales volume fell ten per cent to $466 million for the calendar year to December 2007. read more

Refinancing accounted for close to two in five mortgages in Australia Finance Group's February 2008 sales, with property investors at their lowest percentage levels for 18 months. read more

Geoff Lucas, managing director of listed debt collector Credit Corp Group, quit the company yesterday. read more

The increase and availability of wholesale funding dilemma is causing major headaches for banks, but investors long cash are reaping the benefits with some term rates passing eight per cent, more than.. read more