Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Elders acquires SA brokerage

by Annie Kane • 16 Mar 2023

The agribusiness specialist has acquired a regional South Australian brokerage as it looks to expand its broker and...READ MORE

LoanStreet rebrands and announces new CEO

by Annie Kane • 16 Mar 2023

Broker fintech LoanStreet has recently rebranded to FinStreet and announced a new chief... READ MORE

Average time to write a loan increases: BrokerEngine

by Annie Kane • 15 Mar 2023

The time it takes for a broker to write a mortgage has increased by around five hours per file, new data from... READ MORE

Sapien takes controlling stake in Hashching

by Annie Kane • 15 Mar 2023

The funds management group has taken a controlling interest in Hashching and led a capital raising round to... READ MORE

Millennials turning to brokers as fixed rates expire

by Adrian Suljanovic • 15 Mar 2023

More younger borrowers are seeking out brokers for assistance as rates continue to rise and as the fixed-rate loans... READ MORE

Majority of FHBs seeking guarantor: Research

by James Mitchell • 15 Mar 2023

Three in five Australians planning to purchase their first home in the next couple of years are considering having a... READ MORE

Industry seeks written confirmation on payroll tax moratorium

by Annie Kane • 14 Mar 2023

As action ramps up ahead of the NSW state election, urgent calls are being made for written confirmation of a... READ MORE

The fixed-rate mortgage cliff and how brokers can help

by Adrian Suljanovic • 14 Mar 2023

Many borrowers are reaching out to brokers to help them prepare for the impending fixed-rate “mortgage... READ MORE

Qld extends disaster relief for flood victims

by James Mitchell • 14 Mar 2023

The federal and state governments have announced disaster funding as monsoonal rain and flooding continue to impact... READ MORE

Government urged to focus on building sector: Master Builders

by Adrian Suljanovic • 14 Mar 2023

Master Builders Australia has called for the federal government to focus on the building and construction sectors in... READ MORE

Fixed-rate borrowers to be hit with SVR, warns Bouris

by James Mitchell • 13 Mar 2023

Mortgage market pioneer Mark Bouris says those on fixed rates will soon be paying the standard variable rate if they... READ MORE

Basiq and Cuscal enter acquisition agreement

by Reporter • 13 Mar 2023

The two companies have entered a binding agreement, with Cuscal acquiring a controlling interest in Basiq.

CSLR introduced to Parliament

by James Mitchell • 13 Mar 2023

The implementation of a Compensation Scheme of Last Resort (CSLR) has moved closer after the bill was reintroduced to... READ MORE

ANZ hit with $10m fine

by James Mitchell • 10 Mar 2023

The major bank has been penalised $10 million by the Federal Court in relation to its Home Loan Introducer... READ MORE

‘Year of opportunity’ for commercial brokers in 2023: NAB

by Adrian Suljanovic • 10 Mar 2023

The major bank has made its predictions on the trends in commercial broking for the year.

Hot Property: The biggest property headlines from week 6–10 March

by Adrian Suljanovic • 10 Mar 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 10... READ MORE

Winners of Better Business Awards 2023 revealed in WA

by Malavika Santhebennur • 10 Mar 2023

The leading lights of the Western Australian broking industry were rewarded for their achievements at the 10th annual... READ MORE

Mortgage payments to reach ‘record high’, warns RBA

by James Mitchell • 9 Mar 2023

Following this week’s rate hike, RBA governor Philip Lowe has warned that mortgage payments will reach a record high... READ MORE

Listed lender restates revenue following ASIC review

by James Mitchell • 9 Mar 2023

An ASX-listed non-bank lender has seen its profit fall 37 per cent after a review by the corporate regulator.

Non-bank lender to offer mortgage cliff relief

by Adrian Suljanovic • 9 Mar 2023

Wave Money has announced they will provide relief measures for fixed-rate borrowers facing the looming mortgage... READ MORE

Major bank criticised over regional bank closures

by Jon Bragg • 9 Mar 2023

A Senate committee has inquired the big four major banks over the issue of regional bank closures.

Major bank launches loans for female-led SMEs

by Annie Kane • 8 Mar 2023

New start-up and scale-up loans have been announced by a big four bank to support more women in launching and growing... READ MORE

Ebury recruits new state manager

by Reporter • 8 Mar 2023

The trade finance fintech has appointed Callum Box as its new Queensland state manager.

NSW Shadow Finance Minister open to payroll tax moratorium: FBAA

by Annie Kane • 7 Mar 2023

Following meetings with members of industry last week, NSW’s Shadow Minister for Finance has “committed to place a... READ MORE

COG net assets up 9% in 1H23

by Adrian Suljanovic • 7 Mar 2023

The finance broking and aggregation arm of the asset finance group saw “record volumes” in assets financed for the... READ MORE

RBA ups cash rate for 10th consecutive month

by Adrian Suljanovic • 7 Mar 2023

For the second time in 2023, the Reserve Bank has moved to lift the official cash... READ MORE

NSW brokers urged to write to MPs over payroll tax

by Annie Kane • 6 Mar 2023

The industry association has launched a range of resources to help brokers “take action” on the issue of Revenue... READ MORE

AMP rolls out fast refinancing solution for brokers

by Fabian Cotter • 6 Mar 2023

The non-major bank has adopted an enhanced version of FASTRefi to help brokers and their customers refinance more... READ MORE

Brokers account for 90% of new originations: Alex Bank

by Adrian Suljanovic • 6 Mar 2023

The digital challenger bank has reported rapid loan growth coming from the broker channel between January and... READ MORE

Wisr loan book up 62%

by Reporter • 6 Mar 2023

The non-bank lender has reported a rise in its loan book during the first half of the financial year 2023.

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