Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Loan Market joins calls to retain digital VOI

by Reporter • 24 Aug 2020

The broking group has backed calls for the digital VOI to continue to form part of the lending process beyond the...READ MORE

Digital lender introduces tiered variable rates

by Annie Kane • 21 Aug 2020

Neobank 86 400 has introduced tiered variable rates for borrowers, enabling customers with higher deposits to access... READ MORE

Pandemic drains FHB deposit savings

by Charbel Kadib • 21 Aug 2020

Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their... READ MORE

COVID boosts interest in broker channel

by Reporter • 21 Aug 2020

Over a third of Australians are more likely to seek assistance from a mortgage broker now than prior to the COVID-19... READ MORE

RateCity attacks rate hikes for COVID-19-hit borrowers

by Malavika Santhebennur • 21 Aug 2020

Borrowers who move to an interest-only loan following the expiry of their loan deferral period should not be charged a... READ MORE

Hot Property: The biggest property headlines from the week 17-21...

by reporter • 21 Aug 2020

The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 21... READ MORE

SME lender acquires invoice finance platform

by Annie Kane • 20 Aug 2020

CML Group has completed its acquisition of an invoice finance platform, after paying $2.25 million in cash and... READ MORE

ANZ earnings double amid retail boost

by Charbel Kadib • 20 Aug 2020

Above-system mortgage and deposit growth has helped bolster the major bank’s earnings over the third quarter,... READ MORE

Educate Australians on property as an asset class, says Bouris

by Annie Kane • 20 Aug 2020

Mortgage brokers have an opportunity to “own” the space of being educators on property as an asset class, YBR... READ MORE

Why brokers should do a stocktake of their processes

by Malavika Santhebennur • 20 Aug 2020

Victoria-based broker Jonathan Lee explains why it is important for brokers to take stock of their business processes... READ MORE

FHBs helping ‘pick up the slack’ amid COVID drag

by Charbel Kadib • 19 Aug 2020

Continued demand for the First Home Loan Deposit Scheme is a reflection of the market’s resilience to the COVID-19... READ MORE

Over a quarter of businesses ‘knocked back’ by lenders

by Reporter • 19 Aug 2020

One in four businesses grappling with the economic fallout from the COVID-19 pandemic has had their application for... READ MORE

Loan Market grows broker network

by Malavika Santhebennur • 19 Aug 2020

Over 150 brokers joined the Loan Market franchise last financial year, which the group attributed to the BID... READ MORE

COVID-19 sees 50% drop in SME loans requested: Lend

by Annie Kane • 19 Aug 2020

The volume of funds requested by SMEs halved in Q420, according to SME lending platform Lend.

Clawback arrangements under review

by Charbel Kadib • 18 Aug 2020

The Combined Industry Forum is reviewing clawback arrangements within the broker remuneration model, with a... READ MORE

Bank tightens LVR for fixed-rate loans

by Malavika Santhebennur • 18 Aug 2020

Teachers Mutual Bank has reduced the maximum LVR for fixed-rate home loans with LMI, effective 17 August.

Aussie bolsters its broker network

by Reporter • 18 Aug 2020

The major brokerage has expanded its network of brokers and franchisees in the midst of the COVID-19 crisis.

What success looks like for brokers

by Malavika Santhebennur • 18 Aug 2020

From educating clients on their finances to having a strong client base and establishing referrals networks, brokers... READ MORE

RBA backs move to axe stamp duty

by Charbel Kadib • 17 Aug 2020

Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a... READ MORE

Major brokerage appoints new head of recruitment

by Malavika Santhebennur • 17 Aug 2020

A major franchise brokerage has appointed a new head of franchise recruitment, responsible for the growth of the... READ MORE

Two-thirds of brokers write more than mortgages

by reporter • 17 Aug 2020

Approximately two-thirds of brokers are writing other loans for their clients outside of mortgages, according to a new... READ MORE

ASIC issues post-mortgage deferral guidance

by Malavika Santhebennur • 14 Aug 2020

The corporate regulator has outlined its expectations of lenders when loan repayment deferrals offered in light of... READ MORE

Bank lowers DTI cap for FHLDS loans

by Reporter • 14 Aug 2020

A non-major bank has announced that it will reduce the maximum debt-to-income ratio for loans backed by the... READ MORE

Simplicity Loans & Advisory adds national manager

by Malavika Santhebennur • 14 Aug 2020

The brokerage has grown its team by appointing a national manager of partner acquisition for... READ MORE

Hot Property: The biggest property headlines from the week 10-14...

by Reporter • 14 Aug 2020

The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 14... READ MORE

SME Guarantee Scheme shortcomings lamented

by Annie Kane • 13 Aug 2020

The head of a finance brokerage has called out the shortcomings of the government’s SME Guarantee Scheme, after... READ MORE

Stimulus measures artificially boosting SMEs

by Malavika Santhebennur • 13 Aug 2020

Policymakers should gradually ease stimulus measures for “zombie” SMEs to prevent a sharp spike in business... READ MORE

Why this broker values word-of-mouth referrals

by Malavika Santhebennur • 13 Aug 2020

Paul Wright, the recently crowned Regional Broker of the Year, explains what he thinks is the mark of good customer... READ MORE

New SMS bot soft-launches for brokers

by Annie Kane • 13 Aug 2020

Broker-oriented fintech firm Effi has launched a new SMS tool that automatically sends broker clients follow-up text... READ MORE

CBA could keep Aussie, CEO reveals

by Charbel Kadib • 12 Aug 2020

Commonwealth Bank may scrap plans to demerge from Aussie Home Loans, CEO Matt Comyn has revealed.

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