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Hot Property: The biggest property headlines from the week 26-30 April

Hot Property: The biggest property headlines from the week 26-30 April
by Reporter • 30 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 30...READ MORE
Loan deferrals dwindle as scheme expires

Loan deferrals dwindle as scheme expires
by Malavika Santhebennur • 29 Apr 2021
Less than 1 per cent of loans that were deferred during the pandemic remained deferred at the end of March, with... READ MORE
APRA approves NAB-86 400 deal

APRA approves NAB-86 400 deal
by Annie Kane • 29 Apr 2021

The prudential regulator has granted approval for the major bank to fully acquire neobank 86 400.

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Major bank settles class action for $30m

Major bank settles class action for $30m
by reporter • 29 Apr 2021
A big four bank has agreed to pay up to $30 million, without any admission of liability, to settle a class action... READ MORE
Recognising the Symond legacy

Recognising the Symond legacy
by Annie Kane • 28 Apr 2021
Following the news that Aussie CEO James Symond is to step down from his role, the industry has been reflecting on the... READ MORE
OnDeck launches new credit scoring model

OnDeck launches new credit scoring model
by Reporter • 28 Apr 2021
The online SME lender has launched a new risk-predicting credit model which it said would support more tailored risk... READ MORE
James Symond to leave Aussie

James Symond to leave Aussie
by Annie Kane • 27 Apr 2021
The CEO of Aussie, James Symond, is to step down from his role, marking the end of the Symond family’s leadership of... READ MORE

Non-major unveils new LMI offering
by Annie Kane • 27 Apr 2021
Gateway Bank has today unveiled a Monthly Premium LMI offering to help those with low deposits access a mortgage... READ MORE

Governments must step in on stamp duty: Grattan
by reporter • 27 Apr 2021
The CEO of the Grattan Institute has suggested that the abolition of stamp duty might be needed in order to halt the... READ MORE
Ex-broker pleads guilty, fined for fraud

Ex-broker pleads guilty, fined for fraud
by Reporter • 27 Apr 2021
A former finance broker at a used car dealership has been fined after pleading guilty to four charges of obtaining a... READ MORE
Prospa originations up as SMEs recover

Prospa originations up as SMEs recover
by Malavika Santhebennur • 26 Apr 2021
The SME lender has said that its total originations have bounced back to pre-COVID levels, and up 20 per cent on the... READ MORE
Revolut makes APAC senior appointments

Revolut makes APAC senior appointments
by Malavika Santhebennur • 26 Apr 2021
The budgeting app provider has appointed the former Xinja treasurer, and an India CEO, to “gear up” for its APAC... READ MORE
Associations call out majors for turnaround channel conflict

Associations call out majors for turnaround channel conflict
by Annie Kane • 23 Apr 2021
The FBAA and MFAA have hit out at the major banks regarding the disparity between “time to yes” for broker-lodged... READ MORE
Choice loan book tops $80bn

Choice loan book tops $80bn
by Reporter • 23 Apr 2021
The aggregation group has reported that its loan book exceeded a new record of $80 billion recently, driven by a robust... READ MORE
‘Excessive’ loan discharge terms slammed

‘Excessive’ loan discharge terms slammed
by Malavika Santhebennur • 23 Apr 2021
A Brisbane-based brokerage has called out the major banks for “holding customers to ransom” with excessive terms of... READ MORE
Hot Property: The biggest property headlines from the week 19-23 April

Hot Property: The biggest property headlines from the week 19-23 April
by Reporter • 23 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 23... READ MORE
Major brokerage launches direct-to-consumer offering

Major brokerage launches direct-to-consumer offering
by Annie Kane • 22 Apr 2021
A major brokerage has launched its first online direct-to-consumer digital lending product in partnership with... READ MORE
BOQ joins Aussie panel

BOQ joins Aussie panel
by Annie Kane • 22 Apr 2021
The non-major lender has signed onto the lender panel of major brokerage Aussie, with brokers able to offer the loans... READ MORE
Loan Market relaunches white label product

Loan Market relaunches white label product
by Reporter • 22 Apr 2021
The major brokerage has announced that it has relaunched its Go Edge white label product, through which brokers have... READ MORE
How this broker found the right mentor

How this broker found the right mentor
by Malavika Santhebennur • 22 Apr 2021
The KW Lending Solutions director underscored the importance of mentorship for brokers, and highlighted the challenges... READ MORE
Major banks reveal major issue of abusive transactions

Major banks reveal major issue of abusive transactions
by Annie Kane • 21 Apr 2021
The big four banks have acknowledged that more needs to be done on abusive transactions, after identifying more... READ MORE

Buying 86 400 will fire up competition: Ross McEwan
by Sarah Simpkins • 21 Apr 2021
The chief of the big four bank has denied that the 86 400 takeover will kill industry competition, insisting the deal... READ MORE
NAB offers $2k grants to Cyclone Seroja victims

NAB offers $2k grants to Cyclone Seroja victims
by Annie Kane • 21 Apr 2021
The big four bank is offering $2,000 grants to customers and staff affected by Tropical Cyclone Seroja in Western... READ MORE
Non-bank lender lists on the ASX

Non-bank lender lists on the ASX
by Annie Kane • 20 Apr 2021
A lending and digital payments business has listed on the Australian Securities Exchange with 1 billion shares on... READ MORE
Broker platform announces new acquisition

Broker platform announces new acquisition
by Annie Kane • 20 Apr 2021
Mortgage broker platform HashChing has acquired a document automation and collection company to help deliver... READ MORE
Industry should demand ‘meaningful action’ on turnarounds

Industry should demand ‘meaningful action’ on turnarounds
by Annie Kane • 20 Apr 2021
There is “no justification” for the delays in processing broker-lodged loans, the compliance manager of MoneyQuest... READ MORE
One month to go until Better Business Summit 2021!

One month to go until Better Business Summit 2021!
by reporter • 20 Apr 2021
The Better Business Summit, run in partnership with principal partner NAB, will start in one month today – so make... READ MORE
Hot Property: The biggest property headlines from the week 12-16 April

Hot Property: The biggest property headlines from the week 12-16 April
by Reporter • 20 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 16... READ MORE
ANZ broker turnarounds at 12 days: CEO

ANZ broker turnarounds at 12 days: CEO
by Malavika Santhebennur • 19 Apr 2021
The major bank CEO has also now confirmed that “time to yes” is different depending on channel, outlining that it... READ MORE
Turnaround times spike to 3-year high: AFG

Turnaround times spike to 3-year high: AFG
by Malavika Santhebennur • 19 Apr 2021
An increase in market lending activity and a competitive lending market have seen lender turnaround times spike to over... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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