MFAA president: Further cuts "inappropriate"
President of the MFAA, James Symond, has warned the banks that any further changes to commissions would be inappropriate and could kill off the industry.
Macquarie profits to fall 50%
Macquarie Bank, which began winding back its residential mortgage origination business in March last year, will see its profits fall by 50% due to massive write-downs.
Lynch: ABN Amro still strong
ABN Amro's head of reverse mortgages, Martin Lynch, says the lender remains strong despite the troubles plaguing its parent company the Royal Bank of Scotland (RBS).
Majors to limit aggregation partners
Major banks will encourage consolidation in 2009 by limiting their relationships to top aggregators, Deloitte has predicted.
Jennifer Nielsen quits Loan Market
Loan Market CEO Jennifer Nielsen will quit the mortgage broking group at the start of next year (1 January) to take up a new role as head of online and marketing for real estate franchise Ray White.
CBA: Govt to blame for pulling zero deposit loans
The Commonwealth Bank has blamed the government's First Home Owners Grant (FHOG) boost for its decision to withdraw its zero deposit product.