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Bank overhauls rem model, reduces upfront commissions

Bank overhauls rem model, reduces upfront commissions
by Reporter • 27 Oct 2020
A non-major lender has announced a raft of changes to its broker remuneration structure, including a reduction to... READ MORE
Westpac rolls out new offer for mortgage guarantors

Westpac rolls out new offer for mortgage guarantors
by Reporter • 27 Oct 2020
The major bank has launched a new term deposit offer for guarantors providing security for a home loan. READ MORE
Lenders blitz mortgage market with cashbacks

Lenders blitz mortgage market with cashbacks
by Reporter • 27 Oct 2020
The number of lenders promoting cashback offers has more than doubled since the onset of the COVID-19 crisis, enticing... READ MORE
Property remains the go-to option for investors

Property remains the go-to option for investors
by Malavika Santhebennur • 27 Oct 2020
Over a quarter of the population believe now is the best time to climb the property ladder, while almost half view... READ MORE

ASIC deputy chair Crennan resigns
by Annie Kane • 26 Oct 2020
ASIC deputy chair Daniel Crennan QC has resigned from his role following Friday’s revelations that the regulator may... READ MORE
RAMS to move to ‘simplified’ business model

RAMS to move to ‘simplified’ business model
by Annie Kane • 26 Oct 2020
The Westpac-owned brand will officially become a single-brand mortgage lender from next month, only offering RAMS... READ MORE
WA extends home building grant construction deadline

WA extends home building grant construction deadline
by Annie Kane • 26 Oct 2020
The WA government has extended the deadline for when construction must start on new homes bought with the Building... READ MORE
Loan Market ramps up audit program ahead of BID

Loan Market ramps up audit program ahead of BID
by Reporter • 26 Oct 2020
The aggregator has restructured its audit process, announcing it will conduct “health checks” in preparation for... READ MORE
ASIC chair resigns over relocation expenses

ASIC chair 'steps aside' over relocation expenses
by Annie Kane • 23 Oct 2020
The chairman of the financial services regulator has "stepped aside" from his position, effective immediately. READ MORE
Fewer businesses defer loan repayments: ABS

Fewer businesses defer loan repayments: ABS
by Malavika Santhebennur • 23 Oct 2020
The number of businesses reporting that they were deferring loan repayments dropped substantially in October, with... READ MORE
ING, Citi reduce investor rates

ING, Citi reduce investor rates
by Annie Kane • 23 Oct 2020
The two non-major banks have announced that they are reducing interest rates on a range of new-to-bank investor loan... READ MORE
Angle Finance gears up for broker-driven growth

Angle Finance gears up for broker-driven growth
by Reporter • 23 Oct 2020
The asset finance business is banking on the broker channel to achieve its growth ambitions as it resets its focus... READ MORE
Hot Property: The biggest property headlines from the week 19-23 October

Hot Property: The biggest property headlines from the week 19-23...
by Reporter • 23 Oct 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 23... READ MORE
Broker-run platform secures $64.5m development deal

Broker-run platform secures $64.5m development deal
by Reporter • 23 Oct 2020
An online financing platform co-founded by Victoria-based broker Marshall Condon has secured funding for a major... READ MORE

Societe Generale slapped with $30k penalty
by Malavika Santhebennur • 22 Oct 2020
The financial institution has been sentenced in Sydney’s Downing Centre Local Court on charges brought by ASIC... READ MORE
Mark Haron joins LIXI board

Mark Haron joins LIXI board
by Malavika Santhebennur • 22 Oct 2020
The not-for-profit company that develops data message transaction standards for the Australian mortgage processing... READ MORE
Effi announces tech council, appointments

Effi announces tech council, appointments
by Malavika Santhebennur • 22 Oct 2020
Newly formed fintech Effi has established a mortgage broker technology council, while also appointing two new... READ MORE
How this broker is primed for BID

How this broker is primed for BID
by Malavika Santhebennur • 22 Oct 2020
Aussie Liverpool franchisee Evelyn Burton speaks about how she has prepared for the best interests duty and how she... READ MORE
Major banks open New Home Guarantee waitlists

Major banks open New Home Guarantee waitlists
by Annie Kane • 21 Oct 2020
The two major banks on the FHLDS are opening their waitlists for the additional 10,000 places under the New Home... READ MORE
Brokers urged to contact clients on deferred loans

Brokers urged to contact clients on deferred loans
by Malavika Santhebennur • 21 Oct 2020
The industry association MD has appealed to brokers to contact clients who are still on mortgage repayment holidays. READ MORE
Former Vow Financial BDM joins Loan Market

Former Vow Financial BDM joins Loan Market
by Charbel Kadib • 21 Oct 2020
Loan Market has announced the appointment of a former Vow Financial BDM to its Broker Success team. READ MORE
Mortgage Choice exec joins wealth platform board

Mortgage Choice exec joins wealth platform board
by Malavika Santhebennur • 21 Oct 2020
The major brokerage’s general manager of distribution has joined the board of wealth fintech group Stropro. READ MORE
NAB gains ground in broker space as peers slip

NAB gains ground in broker space as peers slip
by Charbel Kadib • 20 Oct 2020
NAB was the only big four bank to attract a greater share of broker lodgements in the latest release of Momentum... READ MORE
Millennials prioritising home ownership

Millennials prioritising home ownership
by Annie Kane • 20 Oct 2020
The Millennial generation is the largest cohort prioritising home ownership over lifestyle aspirations, new data from... READ MORE
Complaints extension to end on 1 November

Complaints extension to end on 1 November
by Annie Kane • 20 Oct 2020
From 1 November, finance companies will need to respond to complaints that have already been through an IDR process in... READ MORE