New branches rebuild Heritage lending 20 December 2007 5:54PM Heritage Building Society has experienced growth over the last two quarters that bucks the trend in a market that now favours banks over non-banks. read more
Newcastle lags a little 20 December 2007 5:52PM Newcastle Permanent Building Society, the second largest in the sector, says its lending levels are down on 2006 but not by much. read more
Firstfolio adds surety products to keep growth momentum going 18 December 2007 5:35PM ASX-listed mortgage aggregator Firstfolio is not letting the slowdown in the mortgage market deter it from its expansion strategy. read more
Niche aggregator sees merit in non-conforming 13 December 2007 5:39PM BlueChoice, a non-conforming loan aggregator, will be launched in February 2008. read more
ING campaign brings back customers 12 December 2007 5:41PM ING Direct is the recent star of the deposit market in Australia, with the Dutch-owned bank staging a notable recovery in volumes in recent months after a mild, but apparently expected, slump in the m.. read more
Banks push niche lenders aside 11 December 2007 5:43PM Non-bank lenders are having a poor time in the mortgage market, with October Australian Bureau of Statistics data showing bank loans accounted for 75.1 per cent of owner occupied lending, the banks' l.. read more
Smaller banks may regain market share 07 December 2007 5:17PM The Australian Finance Group's November index of monthly new sales shows flat growth year on year, with 8221 new mortgages originated in the month and only twenty more than the same month last year. read more
Broker behaviour a credit risk 29 November 2007 5:15PM The human gestation period is nine months, that of the blue whale 12 months and that of elephants 22 months. In the case of the Finance Brokers Draft Bill, it's 36 months. Whether the proposed law is.. read more
Service standards tested by shifting mortgage market 28 November 2007 4:32PM The extent of any shift in borrower demand toward loans from big banks rather than from niche funders "is not a big wave at the moment, it has been somewhat gradual", Paul Lahiff, managing director of.. read more
Reverse Mortgage customers don't know long term cost 22 November 2007 5:35PM Few borrowers with reverse mortgages are aware of all the conditions of their loan, and the consequences of not meeting those obligations, a report prepared for the Australian Securities and Investmen.. read more