Fortus aims for starting point in equity release market 31 July 2007 4:28PM An independent Australian network of senior equity release specialists yesterday launched Fortus, an industry body designed to offer safeguards to retirees through a new code of conduct. read more
Wasted realestate.com.au Home Loans sold to eMOCA 24 July 2007 4:21PM Mortgage aggregator eMOCA believes it is ready to start competing with some of the market heavyweights after finalising the purchase of the fifty per cent stake in realestate.com.au Home Loans it didn.. read more
Australian Central markets securitisation debut 19 July 2007 4:32PM Australia's second largest credit union, the Adelaide-based AustralianCentral, is getting ready to launch its maiden prime residentialmortgage-backed securities deal with a two tranche $350 millionoff.. read more
Savings & Loans seeks new markets 11 July 2007 4:24PM Adelaide-based credit union Savings & Loans continues a selectiveexpansion outside its home territory, opening four new branches in thenext two months, including interstate locations in regional V.. read more
Citibank's magnificent seven 10 July 2007 4:47PM The at-call cash market is getting another shake up with Citibank offering a facility to earn seven per cent for funds held, providing a monthly $5000 average balance is maintained in the non-interest.. read more
Loan to valuation ratios may be getting dicey in Perth 04 July 2007 4:39PM Perth house prices are down by 2.7 per cent since the beginning of the year, but that trend doesn't faze those buying property, with average loan sizes in the city rising fast. read more
Non-bank lenders fare better through brokers 02 July 2007 4:41PM Non-bank lenders also appear to be faring well in the mortgage market over recent months. Discussion with several "aggregators" late last week suggests non-bank lenders are winning some market share.. read more
Cost of funding increases fixed mortgage rates 02 July 2007 4:34PM A recent sell-off in bonds has pushed up interest rates along the yield curve, increasing the cost of funding for financial institutions. As a result, fixed term mortgage rates pushed up across the b.. read more
CBA a pioneer in desktop valuations 18 June 2007 10:00AM An early adopter of desktop valuations in Australia is Commonwealth Bank. The bank received some stick for doing so in the past, including in this newsletter, with the subtleties of the bank's approac.. read more
PRP tackle desktop niche 18 June 2007 10:00AM PRP Valuers and Consultants have not adopted the approach of cutting valuation costs at the expense of accuracy, but have instead developed E-Valuers, a tool aimed at increasing and maintaining the in.. read more