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Lender
Lenders make credit policy changes
by Reporter • 22 Jan 2018
Two lenders have announced changes to their credit policies to ensure compliance with responsible lending measures,...
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Calls for CBA to lift accreditation restrictions for mentees
by Reporter • 22 Jan 2018
A leading broker has urged Commonwealth Bank to reconsider its recently imposed accreditation changes, arguing that...
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ANZ agrees to pay $5m fine for responsible lending breaches
by Reporter • 19 Jan 2018
A major lender has agreed to pay $5 million in penalties after its former finance subsidiary Esanda approved suspected...
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ING prohibits resi security for commercial loans
by Reporter • 17 Jan 2018
ING has made significant changes to its underwriting guidelines for commercial loans, with the changes to come into...
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Foreign sale of ANZ’s finance business falls through
by Reporter • 15 Jan 2018
ANZ’s attempted sale of its asset finance business UDC Finance to a foreign conglomerate will no longer take place,...
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‘Micro-management’ of big banks drove me to broking, says lending...
by Reporter • 12 Jan 2018
According to a former big four banker, the “micro-management” and “politics” of the major banks drove him out...
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Heritage updates credit policy
by Staff reporter • 11 Jan 2018
The Toowoomba-based bank has announced that it has updated its credit policy for some parts of the income verification...
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Finance company becomes new short-term commercial lender
by Reporter • 9 Jan 2018
An ASX-listed financial and property services company has begun funding its own short-term commercial loans using its...
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‘Broking is not a 9-to-5 job’
by James Mitchell • 5 Jan 2018
Yellow Brick Road principal Effie Nicol shares her views on running a mortgage business and how she made the leap from...
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Major bank market share takes a hit
by Reporter • 2 Jan 2018
Fresh figures from a major aggregator have revealed that the third-party mortgage market share of Australia’s major...
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