Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Asset finance surging amid COVID-19

by reporter • 17 Apr 2020

Personal and asset finance platform Nodifi has revealed that demand for asset finance from some business industries has...READ MORE

Brokers alerted to online scams

by Malavika Santhebennur • 17 Apr 2020

Brokers are being urged to be wary of scam emails claiming to be from regulators or lenders during the COVID-19... READ MORE

Top tips for staying across your legal obligations

by Annie Kane • 16 Apr 2020

The heads of a lender, aggregator and brokerage have shared their top three tips for brokers looking to stay across... READ MORE

Court backs ASIC’s ban on short-term lending model

by Annie Kane • 16 Apr 2020

The Federal Court has dismissed an appeal made by a short-term lender to overturn ASIC’s product intervention order... READ MORE

ING imposes new lending restrictions

by Reporter • 16 Apr 2020

The non-major has announced a number of changes to its credit policy, which includes the exclusion of casual and... READ MORE

Broker flooded with COVID-19 support queries

by Malavika Santhebennur • 16 Apr 2020

Borg Financial’s Christopher Borg spoke about how his clients are in a state of panic over their financial future in... READ MORE

Non-banks appointed to SME guarantee scheme

by Hannah Dowling • 15 Apr 2020

Several non-bank lenders have been announced as official participants of the government’s SME guarantee scheme,... READ MORE

CIF welcomes new co-chairs

by Annie Kane • 15 Apr 2020

The Combined Industry Forum has announced who will replace Anthony Waldron and Mark Haron as leaders of the group... READ MORE

FBAA releases broker support package

by Annie Kane • 15 Apr 2020

The broker association has said it will freeze membership fee reviews and allow members to pay fees in instalments, as... READ MORE

ASIC loosens advice licensing requirements amid COVID-19

by Jotham Lian • 15 Apr 2020

Accountants without a financial services licence will now be able to provide advice to clients on accessing... READ MORE

Concerns raised over unconditional approvals

by Annie Kane • 14 Apr 2020

The MFAA is working to ascertain how lenders will treat borrowers with unconditional approvals that are facing... READ MORE

Aggregator launches COVID-19 Action Plan calculator

by Annie Kane • 14 Apr 2020

AFG has released a new calculator that helps brokers explain to customers how repayment variations on their loans will... READ MORE

ING lowers commercial variable rates

by Hannah Dowling • 14 Apr 2020

The non-major has lowered commercial lending variable rates by 35 bps for existing customers... READ MORE

JobKeeper package sails through Parliament

by Malavika Santhebennur • 14 Apr 2020

The federal government’s $130-billion support package aimed at helping employers retain their staff has passed the... READ MORE

Home loan volumes record pre-COVID slip

by Charbel Kadib • 9 Apr 2020

Both the value and number of new home loans declined ahead of the economic shock caused by the coronavirus outbreak,... READ MORE

ACCC expands SFSF administration

by Hannah Dowling • 9 Apr 2020

The ACCC has granted interim permissions for ASF members to jointly assist in the administration of the government’s... READ MORE

Gateway tightens lending conditions

by Reporter • 9 Apr 2020

The non-major lender has announced changes to its credit policy to reflect economic uncertainty from the coronavirus... READ MORE

86 400 secures $90m equity raise

by Hannah Dowling • 9 Apr 2020

Neobank 86 400 has announced that it has secured a $34-million series A capital raise, bringing its total figure for... READ MORE

Brokers should buckle down for the long haul: Choice

by Reporter • 8 Apr 2020

The aggregator has encouraged brokers to change their mindsets and prepare their businesses for “long-term... READ MORE

Non-bank appoints inaugural head of distribution

by Hannah Dowling • 8 Apr 2020

Non-bank lender Brighten Home Loans has announced the appointment of Natalie Sheehan to the newly created role of head... READ MORE

RBA leaves rates unchanged

by Malavika Santhebennur • 8 Apr 2020

The central bank has left the official cash rate unchanged at 0.25 per cent and has reiterated its stance on negative... READ MORE

How to build a ‘heart team’

by Hannah Dowling • 8 Apr 2020

The co-founder and board director of R U OK?, Graeme Cowan, reveals his top tips for running a resilient and... READ MORE

How non-bank lenders are pivoting amid COVID-19

by Annie Kane • 7 Apr 2020

As the coronavirus pandemic continues to disrupt the economy and impact funding lines, several non-bank lenders have... READ MORE

Neobank joins Buyers Choice lender panel

by Malavika Santhebennur • 7 Apr 2020

86 400 has signed an agreement with brokerage and sub-aggregator Buyers Choice to join its lender panel.

MyState, Heritage tighten risk appetites

by Reporter • 7 Apr 2020

The non-majors have joined several lenders in revising their credit risk appetites in response to credit quality... READ MORE

MFAA launches broker mental health program

by Hannah Dowling • 7 Apr 2020

The broking association has launched a new virtual program to assist brokers in handling their own stress, as well as... READ MORE

ACCC delays decision on AFG-Connective merger

by Charbel Kadib • 6 Apr 2020

AFG has confirmed that the ACCC’s decision on its proposed $120-million merger with Connective has been delayed upon... READ MORE

PM demands banks to ‘come to the party’ on rental relief

by Hannah Dowling • 6 Apr 2020

Banks will need to play their part in providing loan repayment relief to landlords, as measures to offer tenants rental... READ MORE

Resimac signs digital VOI partnerships

by Malavika Santhebennur • 6 Apr 2020

The non-bank lender has announced two new solicitor partnerships so brokers can originate home loans without needing to... READ MORE

NAB receives 50,000 loan relief requests

by Malavika Santhebennur • 6 Apr 2020

The major bank has reported that it has received requests from more than 50,000 customers wanting access to its... READ MORE

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