IMB planning more RMBS and CMBS 15 August 2007 4:31PM IMB has taken four retail mortgage back securitisation issues to market, and when considering a fifth, chief executive Wayne Morris said, "Definitely. There is no doubt about it." read more
Australian Central completes $350 million RMBS bond sale 14 August 2007 4:43PM Recent shockwaves in the credit market have not impacted on the $350 million sale of mortgage-backed bonds by Adelaide-based credit union Australian Central, with managing director Peter Evers, "excep.. read more
More RMBS sales in the pipeline for ACCU 14 August 2007 4:42PM With the strong interest of twice over subscribed Light Trust No.1, managing director Peter Evers plans further residential mortgage backed securitisations as the inaugural $350 million offering accou.. read more
Mariner cops losses on US securitisation 10 August 2007 4:40PM Structured finance lender and investor Mariner Bridge, yesterday announced a full year net profit of $4.1 million, offset by a $10.4 million provision for the company's investments in the US securitis.. read more
Balmain and Allco expand factoring joint venture 08 August 2007 4:29PM In buying Scottish Pacific from St George Bank, BA Venture, a joint venture between commercial loan broker Balmain Commercial and Allco Finance Group, aim to bring scale to the fragmented market for d.. read more
Heritage cherry picking loans 03 August 2007 4:32PM Heritage, Australia's largest building society, finished the financial year with a record $2 billion in new loan approvals and a net profit of $19.6 million in after tax profit, a rise of 11 per cent.. read more
Heritage to put a handbrake on securitisation 03 August 2007 4:31PM With such a strong residential lending book due to only full documentation loans, Heritage are looking at reducing outstanding residential securitised mortgages from around half of loans down to 40 pe.. read more
50-year mortgages pitched at investor market 02 August 2007 4:31PM First Permanent is offering an Australian first, a 50-year investment mortgage, lending up to 106 per cent of the property value and all government charges, with no additional collateral of any kind r.. read more
St George heads west for diversification 01 August 2007 4:34PM St George Bank has decided to increase its visual presence in Western Australia by placing new branches in "key strategic locations for retail and commercial business", according to Martin Barrett, th.. read more
BankWest pitches eight per cent rate at aspirational savers 31 July 2007 4:29PM Bank of Western Australia yesterday said it introduced a savings account with an interest rate of eight per cent, though this rate is available only to those with "the right savings behaviour", accord.. read more