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Opinion: The dangerous tragicomedy of the royal commission
The royal commission would make a great television comedy if it wasn’t so sad. At the heart of this week’s hearings are stories of shattered dreams and the harsh reality ...
COMPLIANCE • Wed, 23 May 2018
‘Trust and financial services don’t sit together’: ASIC
The corporate regulator believes that “a lot of hard work” is needed for financial service operators to regain trust from the community as damning evidence is heard by ...
COMPLIANCE • Tue, 22 May 2018
RC scrutinises broker-originated guarantor loans
Broker-originated guarantor loans have been placed under the spotlight during the third round of public hearings of the financial services royal commission.
BROKER • Mon, 21 May 2018
Broker commissions ‘the high-water mark’ for disclosure
An ACL holder believes that upfront and trail commissions need to “make a comeback”, rather than be vilified, as they create clarity and choice in the mortgage market
BROKER • Sun, 20 May 2018
‘Overkill’: Top broker questions living expenses crackdown
One of Australia’s most successful brokers fears that mortgage professionals would leave the industry if banks continue to make the home loan application process more ...
BROKER • Thu, 17 May 2018
Non-banks winning prime mortgages as majors tighten
A credit crackdown among the big four banks has been a blessing for the non-ADI sector, with lenders seeing a significant boost in prime mortgage flows.
LENDER • Wed, 16 May 2018
Credit crunch a ‘complex picture’ for brokers
Slower credit growth and reduced borrowing capacity are expected to wipe 10 per cent off volumes this year, but brokers may find a silver lining in their trail ...
BROKER • Tue, 15 May 2018
‘Keep the bastards honest’: Broker hits out at banks
A third-party veteran has warned that the reputations of mortgage brokers and other industry professionals are being damaged by the “horrendous stories” coming out of the ...
BROKER • Mon, 14 May 2018
Brokerage founder says industry must be ‘culled’
The managing director of a national brokerage says that the industry needs to be “culled” of bad apples and believes that banks will ramp up their scrutiny of third-party ...
BROKER • Sun, 13 May 2018