Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

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.

Turnaround times bounce across big 4

by Charbel Kadib • 12 Aug 2020

Processing lags for mortgage applications have persisted, with turnaround times increasing across all four major banks,... READ MORE

Demand for SMSF loans remains steady amid economic downturn

by Miranda Brownlee • 12 Aug 2020

Despite the recent impact of COVID-19 on property markets, non-bank lenders continue to see steady demand for SMSF... READ MORE

Liberty launches new SME products

by Malavika Santhebennur • 12 Aug 2020

The non-bank lender has revealed two new business products designed to address SME cash flow issues and assist them... READ MORE

Home Loan Experts: Major brokerage appoints new CEO

by Annie Kane • 11 Aug 2020

The former GM of Oxygen Home Loans has been named as the first CEO of major brokerage Home Loan Experts, taking the... READ MORE

Bank ceases lending to high DTI borrowers

by Charbel Kadib • 11 Aug 2020

A lender has further reduced its risk appetite amid the ongoing COVID-19 crisis, announcing it will no longer process... READ MORE

Brisbane-based broker permanently banned

by reporter • 11 Aug 2020

The financial services regulator has permanently banned a broker after finding that he had given a client a false... READ MORE

RateSetter rebrands to ‘Plenti’

by Reporter • 11 Aug 2020

The non-bank lender has changed its name to reflect its future ambitions in the credit space.

Heritage calls for education on mutual banks

by Malavika Santhebennur • 11 Aug 2020

The mutual bank has urged the federal government to educate borrowers about the sector’s offering by supporting a... READ MORE

Women in Finance Awards 2020: The full finalist list revealed!

by Annie Kane • 10 Aug 2020

The Adviser, in partnership with AMP Bank, is pleased to reveal the full finalist list for the Women in Finance Awards... READ MORE

ANZ extends cashback drawdown date

by Malavika Santhebennur • 10 Aug 2020

The major bank has announced that it is extending the drawdown date for its home loans switching cashback... READ MORE

REA Group braces for settlement slump

by Reporter • 10 Aug 2020

The global real estate group has reduced the carrying value of its financial services business amid expectations of a... READ MORE

Bank announces new CEO

by Annie Kane • 7 Aug 2020

BNK Banking Corp Ltd, the parent company of Finsure and Better Choice Home Loans, has announced that it has appointed... READ MORE

Women in Finance Awards 2020: CEO of the Year finalists revealed!

by Annie Kane • 7 Aug 2020

The Adviser, in partnership with outsource financial, is pleased to announce the finalists for the Chief Executive... READ MORE

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