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• Net profit after tax up 9.7 per cent to $19.6 million from financial year 2006• Total revenue $157 million, up 10.6 per cent read more

In June 2004 Mortgage Choice's loan book was 70 per cent major banks, but a continued increase from regional and foreign banks has pushed market share down to 61 per cent by June 2007. read more

Adelaide-based credit union Savings & Loans continues a selective expansion outside its home territory, with plans to open three new branches later this year in eastern Melbourne. S&L last mon.. read more

Senior Australian Equity Release Association of Lenders has moved to make the no negative equity guarantee a mandatory component of the code of conduct, so borrowers can never owe more than the value.. read more

RP Data will diversify its business as a vendor of specialist property information to lenders by agreeing to buy Pacific Property Technologies, a specialist in "electronic valuation review" for $9 mil.. read more

Carl Hampel, director at Pacific Property Technologies said 100 per cent of shareholders supported the sale of the firm to RP Data after examining the opportunity at a general meeting of the privately.. read more

The electronic property valuation sector is a small but growing niche aimed at reducing the need for a physical inspection by housing valuers. read more

Debt management company Credit Corp yesterday announced a 66 per cent increase in revenue and a net profit of $19.6 million. read more

The Australian debt purchasing market has grown significantly since 2000, as companies like Credit Corp purchase debt ledgers from Australian financial institutions, then attempt to recover defaulted.. read more

Building society IMB yesterday released a $20.0 million operating profit after tax, an increase of 13.5 per cent on the previous year, despite a 15 per cent drop in loan approvals to $952 million. read more