AAP | NineMSN | July 24, 2012 http://news.ninemsn.com.au/national/8504261/more-seniors-opting-for-reverse-mortgages The deterioration of superannuation accounts as a result of the global financial crisis has prompted a growing number of seniors to use the equity in their home…
Anthony Klan | The Australian | July 20, 2012 http://www.theaustralian.com.au/business/property/rhg-to-hand-back-3m-in-fees/story-fn9656lz-1226430382224 The Australian Securities & Investments Commission has forced lender RHG Mortgage Corporation, formerly RAMS, to refund more than $3.3 million it overcharged borrowers in discharge…
Patrick Commins and Chris Vedelago | The Age | July 15, 2012 http://www.theage.com.au/victoria/mortgage-stress-strikes-a-third-of-all-home-loans-20120714-2236l.html Three in every 10 households with a home loan are suffering mortgage stress. Figures provided by the Bureau of Statistics to The…
Anthony Keane | Herald Sun | June 27, 2012 http://www.news.com.au/money/interest-rates/mortgage-rate-cuts-not-moving-borrowers/story-e6frfmn0-1226409761997 Interest rate cuts are having a much weaker effect on home-loan borrowing than they used to, bank executives warn. The Reserve Bank’s cuts of 75…
Clancy Yeates | SMH | June 22, 2012 http://www.smh.com.au/money/borrowing/fees-fall-for-households-businesses-bear-the-brunt-20120622-20rws.html Households have spent less on bank fees for the second year in a row, after Canberra’s ban on exit fees helped slice $157 million from banks’…
Tim Allerton | MFAA | June 20, 2012 http://www.mfaa.com.au/default.asp?artid=2778 The numbers of mortgage brokers expelled from the Mortgage & Finance Association of Australia (MFAA) has doubled from four to eight during the 2011/2012 financial year.…
Karina Barrymore | Herald Sun | 25 May, 2012 http://www.news.com.au/money/banking/home-lender-to-dip-into-savings/story-e6frfmcr-1226366600908 Mortgage lender RAMS now has a foot in both sides of the money business after launching an online savings account. The home loan specialist, owned…
Scott Murdoch | The Australian | 23 May, 2012 http://www.theaustralian.com.au/business/financial-services/warning-for-bank-on-mortgage-credit-rules/story-fn91wd6x-1226363910096 The big Australian banks have been warned not to relax their mortgage credit standards to offset the flat lending growth that has emerged across the…
Peter Martin | Domain | 23 May, 2012 http://news.domain.com.au/domain/real-estate-news/housing-a-worry-but-economy-booming-20120523-1z422.html Real estate prices are under threat from the high Australian dollar, along with confidence and jobs, but the Organisation for Economic Co-operation and Development says Australia…
Paul Syvret | The Courier-Mail | April 25, 2012 http://www.news.com.au/business/interest-rates-to-fall-as-inflation-pulls-up-weak/story-e6frfm1i-1226337525688 Expect a cut in official interest rates next week of at least 0.25 per cent. That result from Tuesday’s Reserve Bank meeting would now appear…
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