Genworth IPO likely late this year 08 February 2013 5:43PM Genworth Financial may wait until late in 2013 to sell a minority stake in its Australian mortgage insurance business. read more
December quarter mixed for NAB 08 February 2013 5:41PM Mark-to-market losses cut the December 2012 quarterly profit of National Australia Bank to A$1.26 billion, the bank said yesterday. read more
Banksia receiver works fast 08 February 2013 5:38PM McGrathNicol, the receiver and manager of Banksia Securities, says it expects to accelerate the timing of returns to debenture holders. read more
Moody's trims RMBS ratings for six banks 07 February 2013 5:44PM Moody's Investors Service's downgrade of the financial strength ratings of lenders' mortgage insurance companies will percolate through to reduced credit ratings on some senior mortgage-backed bonds.. read more
Genworth's loan loss claims 'elevated' 07 February 2013 5:42PM Claim levels on the mortgage insurer Genworth Financial remain "elevated", the company said yesterday. read more
Link in harness on conveyancing reform 07 February 2013 5:36PM National E-Conveyancing Development Limited has completed another funding round, with Link Market Services joining the share register of the entity charged with automating Australia's property trans.. read more
Home loan arrears below average 06 February 2013 5:45PM Outer urban growth corridors in Australia's capital cities continue to feature in a regular ranking by Fitch Ratings of the localities with the greatest concentration of problem loans. read more
Moody's cuts ratings of mortgage insurers 05 February 2013 5:48PM A re-think on the risks of credit losses by the funders of Australia's A$1.3 billion home loan pool has led to a cut in the ratings of three lenders' mortgage insurance companies by Moody's Investor.. read more
LMI sector thin on capital 05 February 2013 5:45PM Moody's has justified its cut in the ratings of mortgage insurers in Australia after a "review focused on the sufficiency of the LMIs' capital levels in the event of an unexpectedly severe downturn.. read more
ACCC takes aim at Visa over FX rates 05 February 2013 5:42PM Visa's business practices will come under scrutiny in a Federal Court action bought by the ACCC over an esoteric foreign exchange service known as dynamic currency conversion. read more