May 2023
How owners’ ‘heroism’ reversed the property slide
Property owners with a mortgage are expected to largely weather the damaging effects of the rapid interest rate increases, despite signs of rising financial stress.
- Nila Sweeney
October 2021
The suburbs where homeowners have piled on too much debt
Homeowners in some of the country’s wealthiest suburbs have borrowed more than five times their incomes, according to an analysis by Digital Finance Analytics.
- Nila Sweeney
September 2021
Half of mortgage stressed households have borrowed to the hilt
More than half of the households are struggling to make their home loan payments, with the average Sydney home loan often eight times the borrower’s income, according to Digital Finance Analytics.
- Nila Sweeney
August 2018
Homeloans profit up as more brokers turn to non-bank lenders
One of the nation's largest non-bank lenders says reputation pressures on the majors helped lift profits.
- Updated
- James Eyers
Homeloans to fund and use Athena's new home loan platform
Homeloans Ltd will provide debt funding to Athena Home Loans, which wants to fund $1b in mortgages in its first year by connecting borrowers with non-banks and super funds.
- Updated
- James Eyers
July 2016
Homeloans and Resimac in $13 billion mortgage tie-up
ASX listed non-bank lender Homeloans and Resimac are to merge, creating a combined $13 billion portfolio in Australia's mortgage market.
- Updated
- Jonathan Shapiro
August 2014
Results Wrap | Reporting season blog
Live blog | Welcome to the Financial Review reporting season blog. Companies that have reported today include: ■ Bluescope Steel ■ Caltex Australia ■ Spark Infrastructure ■ UGL ■ NIB ■ Patties Food.
- Updated
July 2014
Macquarie loan book jumps on mortgage growth
Macquarie Group continues to outstrip its bank rivals with gross loans and advances up 4.9 per cent in May, while its loan book has jumped thanks to strong growth in its mortgage division.
- Updated
- Shaun Drummond
May 2014
Macquarie prepares for mortgage push
Macquarie Group is stepping up its efforts in the mortgage market by refining its strategy and assessing how to capitalise on growth in the share of Australian loans originated by mortgage brokers.
- Updated
- Joyce Moullakis
September 2011
August 2011
Homeloans predicts tough first half as profit slips
The independent mortgage group posted a net profit of $9.2 million for the year to June 30, 2011, down from $12.3 million over the previous 12 months.
- Updated
- George Liondis
February 2011
Financial Services briefs
ANZ Bank chief executive Mike Smith has exercised options over 258,620 ordinary shares, capitalising on the first tranche of performance rights granted in 2007 and vested in December.
- Updated
September 2010
Patersons makes mark at Subiaco
Perth-based stockbroking firm Patersons Securities has bought the naming rights to Subiaco Oval in a deal worth about $1 million a year.
- Updated
- Jonathan Barrett
September 2009
AJ Lucas gears up for gas explosion
AJ Lucas (AJL) Things are looking up for infrastructure and engineering firm AJ Lucas, which booked a record net profit of $165
- Joyce Moullakis, Khia Mercer and Justin Bailey
August 2009
Lending looking up
Mortgage origination and management company Homeloans is tipping a significant lift in underlying profit for the year ended June 30, 2009
- Brendon Lau
Homeloans (HOM)
Mortgage origination and management company Homeloans is tipping a big rise in underlying profit for the year ended June 30, 2009
- Brendon Lau
February 2009
Briefs
Facility extended HFA Holdings said its financier had agreed to extend its loan facility to 2011 on new terms, provided documentation is completed by March 20
- Jane Searle
October 2008
June 2008
Homeloans (HOM)
Non-bank lenders have been among the hardest-hit victims of the global credit crunch, and it's not surprising that shares in Perth-based mortgage group Homeloans have nosedived 20 per cent this year. Non-banks, which have not had the support of retail deposits, have found funding extremely difficult in the tight credit conditions. And it's uncertain when things will significantly improve. The stock is highly illiquid, with the top shareholders owning the bulk of the company. Challenger Financial Services Group, which has claim to 58 per cent of the company, will endure a fall in profits to about $20 million in financial year 2008, mostly thanks to a write-down on its investments in Homeloans and US-based investment bank FBR Capital Markets.
- Nina Wan