Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

COG broker volumes grow 22%

by Josh Needs • 10 Aug 2023

The asset finance group saw its broker members write $7.7 billion in the financial year 2023, which it attributed to an...READ MORE

‘Mammoth’ mortgage hikes hit as fixed rates expire: Lendi Group

by Adrian Suljanovic • 9 Aug 2023

Borrowers yet to have their fixed-rate terms roll off are facing a minimum increase of $1,000 to monthly repayments,... READ MORE

Business confidence increases as conditions remain resilient

by Josh Needs • 9 Aug 2023

While labour costs have risen greatly, new NAB data shows that business conditions have eased and SME confidence has... READ MORE

Bankwest invests in the broker channel amid branch closures

by • 9 Aug 2023

The lender announced it will direct further investments in broker services amid declining branch... READ MORE

ASIC bans broker for 6 years

by Adrian Suljanovic • 8 Aug 2023

The regulator has banned the Sydney-based broker for a range of breaches.

Government opens consultation on national housing plan

by Josh Needs • 8 Aug 2023

The federal government is calling for feedback to help inform its National Housing and Homelessness Plan, which aims to... READ MORE

Pepper Money lowers serviceability buffer

by Adrian Suljanovic • 7 Aug 2023

The non-bank lender has announced it has decreased its serviceability buffers as part of a new package of options to... READ MORE

ANZ and Suncorp to ask Tribunal to review merger denial

by Annie Kane • 7 Aug 2023

The two banks will ask the Australian Competition Tribunal to review the ACCC’s decision not to grant them merger... READ MORE

Canstar launches Connect2Broker partnership

by Annie Kane • 7 Aug 2023

The financial comparison website has partnered with Ray Hair’s Connect2Broker platform to connect home loan borrowers... READ MORE

Green equipment financing up 59%: NAB

by Adrian Suljanovic • 7 Aug 2023

The major bank recorded a surge in business finance for green equipment between April and June.

Home loan competition concerns stymie ANZ-Suncorp merger

by Annie Kane • 4 Aug 2023

The competition watchdog has decided not to grant merger authorisation for ANZ to acquire Suncorp Bank due to home loan... READ MORE

RedZed confirms clawback changes

by Annie Kane • 4 Aug 2023

The non-bank lender has confirmed that it will move to a diminishing clawback scale for residential loan applications... READ MORE

Hot Property: The biggest property headlines from week 31 July–4...

by Adrian Suljanovic • 4 Aug 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 4... READ MORE

MFAA campaign reaches over 900,000 people

by Reporter • 4 Aug 2023

The association has announced its consumer advertising campaign has garnered the attention of home buyers.

Smartmove integrates with Viridian

by Annie Kane • 3 Aug 2023

The Top 25 Brokerage will retain its brand and team as it moves to integrate with the major financial services business... READ MORE

Clawback rate rises to 11%: Sam White

by Annie Kane • 3 Aug 2023

Clawback rates have more than doubled recently, amid a refinancing boom, the executive chairman of LMG has... READ MORE

Steps to help borrowers not being taken: FBAA

by Adrian Suljanovic • 3 Aug 2023

The association has expressed its growing frustration over the lack of action taken to assist borrowers under financial... READ MORE

Optimism amid business conditions worsening

by • 3 Aug 2023

While Australian businesses grapple with growing challenges there are glimmers of optimism reported by some... READ MORE

Money Quest Group appoints national growth manager

by Adrian Suljanovic • 3 Aug 2023

The aggregator has announced Paul Wright’s appointment to a new head office role.

Minister for Finance visits FBAA

by Josh Needs • 2 Aug 2023

The visit included discussions on ‘challenges with regulation in several areas’ between Katy Gallagher and the... READ MORE

RBA holds cash rate steady

by Adrian Suljanovic • 1 Aug 2023

The Reserve Bank has paused the cash rate yet again as it waits to assess the impact of the previous 12 hikes.

2 asset finance aggregators acquired by COG

by Josh Needs • 1 Aug 2023

COG Aggregation has acquired NFC and United Financial Services, which represent 182 broker firms nationwide and write... READ MORE

Resolve Finance loan volumes up 13% over FY23

by Adrian Suljanovic • 1 Aug 2023

The mortgage brokerage has reported a ‘record year in lending’ for the financial year 2023, surpassing $1.5 billion... READ MORE

‘Virtual coach’ lead gen platform for brokers launches

by Annie Kane • 1 Aug 2023

Fule, a new platform that operates as a virtual coach, has been launched to help brokers gain more leads and improve... READ MORE

CBA rolls out digital refinancing function

by Annie Kane • 1 Aug 2023

Borrowers can now commence and submit refinance applications online with the major bank as part of a new digital... READ MORE

Australians need financial literacy improvement: AMP

by Josh Needs • 1 Aug 2023

Over a third of Australian adults are financially illiterate, with an 8 per cent gap between males and females, a new... READ MORE

Loan originations fall 37% at Prospa

by Josh Needs • 31 Jul 2023

The non-bank’s SME loan originations dropped by more than a third in 4Q23, after it tightened credit risk settings... READ MORE

Assetline Capital appoints WA/SA BDM

by Adrian Suljanovic • 31 Jul 2023

The non-bank lender has announced the appointment of Stacey Madejewski as its new Western and South Australian business... READ MORE

Wisr loan originations down 71% in 4Q23

by Adrian Suljanovic • 31 Jul 2023

Following a “deliberate” strategy to moderate loan origination growth, new originations fell 71 per cent at the... READ MORE

Finsure reveals plans to launch in NZ

by • 28 Jul 2023

Finsure Group has announced plans to expand across the Tasman Sea, marking its first venture outside of... READ MORE

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