Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.
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FBAA slams lenders for ‘grubby’ discharge tactics
The undercutting practice demonstrated by some lender discharge teams is “grubby”, “ludicrous” and “narrow minded”, the FBAA managing director has said.
MFAA takes discharge issue to Treasury
The broker association has flagged the issue of retention teams undercutting offers at the last minute, and the long delays in loans being discharged, to Treasury officials.
LNP commits $75m to farm ownership scheme
The pilot initiative of the Future Farmer Guarantee Scheme aims to support farmers into first-time ownership.
Rise in price caps a “little tight” for some regions
Victorian broker Matt Turner welcomes the government’s announcement to raise the price caps for Home Guarantee, but warns some regions will miss out.
Giving brokers CDR data shows they’re ‘professional class’: NextGen
Granting mortgage brokers access to consumer data under open banking establishes them as a “professional class”, while closing a yawning gap in the regime, the software provider said.
Brokers surveyed on best non-bank products
With a rapidly changing lending landscape and new product innovations, The Adviser is asking brokers to rank the best non-bank products currently on offer.
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