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Banks?profitability increases pressure on broker commissions
by Staff Reporter • 14 Mar 2008
Lenders need to radically review their use of brokers if
they are to improve profitability, according to JPMorgan and... READ MORE
Leading mutual winds back broker originated business
by Staff Reporter • 11 Mar 2008
The credit union attributed the rising cost of funding mortgages and current conditions in securitisation markets... READ MORE
Broker commission cuts expected
by Staff Reporter • 10 Mar 2008
Of the 74 per cent of respondents that believed commissions will be reduced, 21 per cent anticipated changes within... READ MORE
Changed broker commission structure for new BankWest home loan
by Staff Reporter • 20 Feb 2008
Called the Rate Tracker home loan, the recently launched honeymoon rate product is the first in BankWest’s... READ MORE
Proposed national legislation could cripple broker distribution for...
by Staff Reporter • 18 Feb 2008
Of chief concern is Clause 33 of the proposed Bill, which requires brokers to determine a borrower’s capacity... READ MORE
Global institutions tighten lending standards
by Staff Reporter • 6 Feb 2008
The survey, which covered 56 American banks and 23 international institutions, found that commercial and industrial... READ MORE
Scrapping DEFs won?t help borrowers, brokers
by Staff Reporter • 4 Feb 2008
Federal Treasurer Wayne Swan has urged borrowers to “vote with their feet” if they are unhappy with their... READ MORE
Businesses turn from banks to brokers for financing
by Staff Reporter • 29 Jan 2008
Robert Powell, a director of BDO Kendalls’ business advisory services, said that SMEs have become much more... READ MORE
Government releases new draft laws for NSW brokers
by Staff Reporter • 29 Nov 2007
It is hoped the proposed laws will become the stepping stone for standardised laws across Australia.
The proposed... READ MORE
Newcastle broker sentenced for lo doc fraud
by Staff Reporter • 26 Nov 2007
Mark Shalimov,
director of investment company Future Management Group Limited (FMG), was
convicted by the Sydney... READ MORE
CUA withdraws variable interest loans from broker network
by Staff Reporter • 23 Nov 2007
According to The Australian, CUA told brokers that sales would stop from today, although it would continue to sell... READ MORE
September ABS figures highlight market volatility says Bouris
by Staff Reporter • 12 Nov 2007
Figures released last week by the ABS indicate the number of owner occupied dwellings financed by the non-bank sector... READ MORE
MGIC confident about Australian lending but warns of further US pain
by Staff Reporter • 8 Nov 2007
Speaking with Mortgage Business MGIC Investment Corporation chairman and chief executive officer Curt Culver... READ MORE
MFAA and Pisces join LIXI board
by Staff Reporter • 25 Oct 2007
Phil Naylor, CEO of the MFAA, will work with LIXI to promote the adoption of automation in the mortgage process while... READ MORE
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