Mortgage Australia Latest Information

Mortgage Australia Latest Information

Banks may raise mortgage rates
Despite Reserve Bank's decision to leave official rates on hold, banks may act independently.

Aussie banks making massive mortgage losses
Banks in Australia could become cautious with their lending activities after recording huge losses on mortgages over the past four months, according to a recent report.

National Australia First-Quarter Cash Profit Rose 7.7%
National Australia Bank Ltd. said first-quarter cash profit rose 7.7 percent as the nation’s best- performing banking stock in the past 12 months boosted its share of the mortgage market.

Aussie mortgage lenders urged to boost capital levels
Australia's major mortgage lenders have been advised to increase their capital stocks as a safety measure should the property industry crash.

National Australia Bank’s Profit Rises 7.7% on Higher Share of Mortgages
National Australia Bank Ltd. (NAB) said first-quarter cash profit rose 7.7 percent as the nation’s best- performing banking stock in the past 12 months boosted its share of the mortgage market.

Banks unlikely to pass on full RBA rate cut
Weak mortgage profits to prompt rise in lending rates. 7 Feb 2012 3:24 AM

How a rate hike could save the banks
Australia's banking systems have a weakness – our so-called ‘funding gap’ – and it's time to bring that weakness into the open, given that ANZ is this week deciding whether to lift mortgage interest rates, writes Robert Gottliebsen. Read more on the blog...

National Australia First-Quarter Profit Rises on Lending
National Australia Bank Ltd.’s cash profit climbed 7.7 percent in the first quarter as it increased lending faster than rivals, even as the profitability of loans waned on higher wholesale funding and deposit costs.

Heritage mortgages go nationwide
HERITAGE Bank will expand its mortgage broker network to offer home loans in every state and territory in Australia.

National Australia First-Quarter Profit Rises on Lending Growth
National Australia Bank Ltd.’s cash profit climbed 7.7 percent in the first quarter as it increased lending faster than rivals, even as the profitability of loans waned on higher wholesale funding and deposit costs.

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