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Pre-Christmas cash rate revealed
by Charbel Kadib • 3 Dec 2019
The central bank has announced its final cash rate decision for 2019, following its monthly monetary policy board...READ MORE
Best interests duty should apply to all products: AFCA
by Charbel Kadib • 3 Dec 2019
The best interests duty should be extended to “all financial products and services recommended by a mortgage... READ MORE
ANZ waives LMI for high-earning professionals
by Hannah Dowling • 3 Dec 2019
The major bank has announced a new policy that will enable accountants and lawyers to access 90 per cent LVR mortgages... READ MORE
Virgin Money drops fixed rates
by Hannah Dowling • 3 Dec 2019
The non-bank lender has lowered fixed rates by 10 bps across owner-occupier principal and interest... READ MORE
International broking federation welcomes new member
by Reporter • 3 Dec 2019
An Irish broking industry association has been welcomed as a new member of the International Mortgage Brokers... READ MORE
Industry to continue engagement on best interests duty
by Annie Kane • 2 Dec 2019
Several industry heads have suggested that more engagement is needed to ensure that the new best interests obligation... READ MORE
Ex-CBA employee found not guilty
by Hannah Dowling • 2 Dec 2019
A former CBA employee has been found not guilty of conspiracy to commit fraud against the major bank, following a... READ MORE
New car loan application technology launches
by Hannah Dowling • 2 Dec 2019
Privately owned automotive finance group Ausloans Finance Group has rolled out a new loan application technology for... READ MORE
FHB deposit scheme to roll out broker portal
by Hannah Dowling • 29 Nov 2019
The First Home Loan Deposit Scheme will rely on applications being lodged through participating lenders and brokers,... READ MORE
ABA calls for action on financial abuse
by Hannah Dowling • 29 Nov 2019
The national association, in conjunction with older persons advocacy groups, is calling on governments to establish a... READ MORE
Loan Market recruits AFG BDM
by Malavika Santhebennur • 29 Nov 2019
The mortgage brokerage has brought Tim McKenzie on board in a new role to help drive network growth.
READ MORE
Government legislates ban on conflicted remuneration
by Charbel Kadib • 28 Nov 2019
The federal government has officially introduced legislation to ban the payment of conflicted remuneration to mortgage... READ MORE
Best interests duty bill released
by Annie Kane • 28 Nov 2019
The updated best interests duty bill for mortgage brokers has been tabled in Parliament, outlining the role brokers... READ MORE
Millions of AFG shares offloaded by founders
by Charbel Kadib • 28 Nov 2019
Two AFG co-founders and directors have reduced their stake in the aggregator, selling approximately 11 million shares... READ MORE
Business Growth Fund officially launches
by Annie Kane • 28 Nov 2019
The Business Growth Fund has officially been established, with the big four banks all committing $100 million to help... READ MORE
BOQ softens lending verification requirements
by Malavika Santhebennur • 28 Nov 2019
The non-major bank has announced changes to its home and personal lending policy, including removal of LVR restrictions... READ MORE
Short-term lender hits $1bn milestone
by Annie Kane • 28 Nov 2019
Specialist short-term secured asset lender Assetline Capital has surpassed $1 billion in loan originations and is... READ MORE
First lender for FHB deposit scheme announced
by Hannah Dowling • 27 Nov 2019
The NHFIC has announced one of the two major banks to be appointed to the lending panel for the federal government’s... READ MORE
Chum Darvall to step down from Resimac’s board
by Malavika Santhebennur • 27 Nov 2019
The mortgage lender’s independent non-executive chairman, Chum Darvall, has announced that he will step down from the... READ MORE
Broker reaps rewards of customer service focus
by Hannah Dowling • 27 Nov 2019
Belinda Caesar, a Buyers Choice broker and business owner, has been growing her business organically for four years.... READ MORE
Westpac overhauls leadership team
by Annie Kane • 26 Nov 2019
Westpac CEO Brian Hartzer is to step down, alongside other board changes, following Westpac’s AUSTRAC... READ MORE
Aussie hits back at CHOICE attack
by Charbel Kadib • 26 Nov 2019
The major brokerage has rejected the consumer group’s claim that Aussie is a “sales outpost” for the Commonwealth... READ MORE
Westpac releases response plan to AUSTRAC issues
by Annie Kane • 26 Nov 2019
The big four bank has released its response plan to the AML/CTF issues raised by AUSTRAC, which includes the... READ MORE
RateSetter joins FAST’s lender panel
by Malavika Santhebennur • 26 Nov 2019
The peer-to-peer lender has joined FAST’s panel of lenders, the latest aggregator panel it has joined since... READ MORE
Loan Market partners with 100% LVR lender
by Hannah Dowling • 26 Nov 2019
The broking franchise has welcomed a new lender to its panel, which specialises in low or no-deposit home loans for... READ MORE
Macquarie to revise upfront commission model
by Charbel Kadib • 25 Nov 2019
The non-major will change the way it calculates upfront commissions paid to brokers in a bid to “standardise” the... READ MORE
AFG, Connective merger delayed
by Charbel Kadib • 25 Nov 2019
The finalisation of AFG’s merger with Connective has been delayed, with court proceedings progressing at a... READ MORE
Major bank launches new pre-qualification tool
by Malavika Santhebennur • 25 Nov 2019
The big four bank has announced that it will replace ANZ Toolkit, warning that old data will not be automatically moved... READ MORE
Wisr loan book hits $150m
by Hannah Dowling • 25 Nov 2019
The neo-lender has announced that its loan originations has surpassed $150 million, with its annual origination run... READ MORE
Associations back broker separation reforms
by Charbel Kadib • 22 Nov 2019
Both industry associations have called for “greater transparency” in broker separation letters issued by lenders to... READ MORE
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