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Direct-only lenders embracing broker strength
Mortgage Choice’s new partnership with Athena demonstrates how direct-to-consumer lenders are increasingly seeing the value of brokers.
LENDER • Tue, 18 Oct 2022
Aggregators key to reference-check protocol: MFAA
Whilst the ASIC reference-checking protocol is working well, there is a crucial small loophole to close, the MFAA has highlighted.
COMPLIANCE • Mon, 17 Oct 2022
Fake-document charges land broker in court
An NSW credit broker has been charged with 74 offences of making false documents to aid home loan applications, ASIC reports.
Mortgage calculator use up +17%: ASIC
ASIC’s latest annual report shows a 200,000+ increase in its mortgage calculator use for the 2022 financial year.
BORROWER • Sun, 16 Oct 2022
‘Rate shock’ spikes borrower concerns
Half of borrowers never expected rates to get this high, new Aussie data has shown.
BORROWER • Thu, 13 Oct 2022
Shift expands tech leadership team
Credit and payments platforms provider Shift has expanded its leadership team with two senior appointments, it has announced.
BROKER • Tue, 11 Oct 2022
Largest non-bank RMBS issue completes: $1.76bn
Fears about weakness in 2022’s residential mortgage-backed securities (RMBS) market have been dispelled, non-bank lender Firstmac has explained.
LENDER • Sun, 09 Oct 2022
Turnaround times reach 5-year low: AFG
A bigger “Big 4” market share and faster loan turnaround times were key highlights in AFG’s latest Mortgage Index (Q3 2023).
BROKER • Thu, 06 Oct 2022
Rising rates hitting split couples hard
Borrowers experiencing marriage or relationship breakdown cite a lack of lender compassion amid interest rate rises.
BORROWER • Wed, 05 Oct 2022
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