Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Property investors remain confident despite COVID-19: PIPA

by Hannah Dowling • 29 May 2020

Almost three-quarters of property investors remain confident in the housing market’s short-term prospects despite the...READ MORE

Cashback offers driving new consumer behaviour

by Annie Kane • 28 May 2020

More borrowers are looking at refinancing to take advantage of short-term gains such as immediate cash flow rather than... READ MORE

FBAA warns against volume-based incentives

by Malavika Santhebennur • 28 May 2020

The Finance Brokers Association of Australia has urged lenders to cease favouring brokers based on loan volumes before... READ MORE

Why COVID-19 broking trends are here to stay

by Malavika Santhebennur • 28 May 2020

Loan Market executive chairman Sam White has commended brokers for adopting digital home loan processes quickly during... READ MORE

Lending officer sentenced for giving misleading information

by Annie Kane • 27 May 2020

A former lending officer has been sentenced in court after pleading guilty to five charges of giving misleading... READ MORE

VOI rule changes postponed due to COVID

by Annie Kane • 27 May 2020

ARNECC has advised that it has reassessed its proposed amendments to the VOI regime given the coronavirus pandemic,... READ MORE

Bank automates pre-approval process

by Charbel Kadib • 27 May 2020

A non-major lender has announced changes to its pre-approval process to address a spike in its turnaround times amid a... READ MORE

Foreign buyers struggle to secure mortgage

by Malavika Santhebennur • 27 May 2020

Foreign buyers from all parts of Asia are still finding it difficult to obtain a mortgage from the biggest Australian... READ MORE

Adelaide Bank tightens serviceability policy

by Reporter • 27 May 2020

The non-major bank has temporarily revised its serviceability policy in response to heightened credit quality risks... READ MORE

Brokers reveal which lenders are leading the way

by Annie Kane • 26 May 2020

The results are in for the Third-Party Lending Report 2020, revealing which lenders are the best-performing in the... READ MORE

Lender revamps broker team

by Reporter • 26 May 2020

A low-deposit mortgage lender has announced changes to its third-party distribution team, aimed at providing a... READ MORE

SMEs showing greater resilience to COVID-19

by Reporter • 26 May 2020

Businesses with an annual turnover of less than $200,000 have fared better than their larger peers during the COVID-19... READ MORE

Time Home Loans welcomes new appointment

by Annie Kane • 26 May 2020

Queensland-based brokerage Time Home Loans has appointed broker and former Loan Market state manager Tim Amourous to... READ MORE

Major bank hikes fixed rates amid turnaround time debacle

by Hannah Dowling • 25 May 2020

A big four bank has announced that it has increased its fixed rates by 10 basis points, “bucking the trend” of... READ MORE

Government overstates JobKeeper uptake

by Reporter • 25 May 2020

A “reporting error” identified by Treasury and the ATO has revealed that the federal government has overestimated... READ MORE

Loan Market sees surge in repricing enquiries

by Malavika Santhebennur • 25 May 2020

While refinancing has been rising recently, Loan Market’s executive chairman has highlighted how brokers have been... READ MORE

Bank adjusts upfront commissions

by Annie Kane • 22 May 2020

A non-major bank has changed its upfront commission structure for mortgage brokers ahead of the pending best interests... READ MORE

ANZ strained by mortgage inflows as turnaround times spike

by Charbel Kadib • 22 May 2020

The major bank’s turnaround times have increased significantly, despite recent efforts to “clean up” its... READ MORE

We need to tackle VOI standardisation: Connective

by Annie Kane • 22 May 2020

Remote verification of identity processes need to be maintained and standardised following the COVID-19 lockdown, the... READ MORE

Bank offers up to $4k cashback to frontline workers

by Hannah Dowling • 22 May 2020

Suncorp Bank has launched a cashback offer on home loan refinances, with up to $4,000 available for COVID-19 frontline... READ MORE

New SME grants launched

by Annie Kane • 21 May 2020

Salesforce has partnered with COSBOA to fund 67 one-off grants of $10,000 to eligible SMEs to help them survive the... READ MORE

Senator calls on banks to extend IO periods

by Annie Kane • 21 May 2020

A Liberal senator for WA has urged lenders to extend interest-only periods for borrowers to help reduce hardship levels... READ MORE

FBAA berates banks on loan discharge delays

by Malavika Santhebennur • 21 May 2020

The FBAA has criticised banks for delaying loan discharges, and has called for standardised documentation around... READ MORE

How this broker guides clients on property prices

by Malavika Santhebennur • 21 May 2020

Kris Menon, who recently won the NSW Best Customer Service (Individual) award at the Better Business Awards 2020,... READ MORE

Loan Market pushes forward on BID training

by Hannah Dowling • 21 May 2020

The aggregator network has launched a range of digital training programs in order to assist its brokers in preparing... READ MORE

Neobank delays loan rollout due to COVID-19

by Annie Kane • 20 May 2020

Volt Bank is delaying the launch of its loan products to ensure its foray into lending is done “in a very prudent... READ MORE

ME Bank launches broker-centric ad campaign

by Annie Kane • 20 May 2020

The non-major bank has launched a new advertising campaign that references broker partners, its first such campaign to... READ MORE

Tim Donahoo joins MoneyQuest

by Malavika Santhebennur • 20 May 2020

MoneyQuest has hired Purple Circle’s former compliance and risk manager as the brokerage’s new compliance... READ MORE

Borrowers move to unfreeze loan repayments

by Hannah Dowling • 20 May 2020

Hundreds of mortgagors have chosen to unfreeze their mortgage repayments early, following a six-month repayment pause... READ MORE

Australian Unity sells trail book

by Annie Kane • 19 May 2020

Australian Unity has sold its trail book to Trail Homes in a deal worth nearly $2 million, as the group continues its... READ MORE

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