BoQ under fire in Storm case
Bank of Queensland "has a case to answer" over its lending practices to clients of Storm Financial.
Heritage launches ASX debt transaction
Heritage Building Society announced the launch of an ASX listed subordinated debt transaction to raise approximately $30 million - with the ability to raise more or less, according to a report in The Australian Financial Review.
Brokernews@Lords - GFC hit UK market for six
The mortgage market in the UK was reined in somewhat by the introduction of regulation, but it was the GFC that hurt it the most, according to Ray Boulger from UK broker group John Charcol
Bowen: Govt guarantee prevented bank "run"
Federal financial services minister Chris Bowen has defended the government's guarantee of retail and wholesale deposits, saying it protected financial institutions from collapse
Mortgage Choice backs MFAA member "cull"
The MFAA's decision to end the memberships of 1,500 mortgage brokers who failed to obtain a Certificate IV qualification has the support of Mortgage Choice
Fixed loans losing popularity
The popularity of fixed rate loans dropped slightly to just under 7%, according to new data.