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Non-bank lender launches new loan product
by Malavika Santhebennur • 11 Oct 2019
A non-bank lender has announced that it is piloting a new loan product that will enable small businesses access to...READ MORE
AMP merges banking and wealth division, bank CEO steps down
by Charbel Kadib • 11 Oct 2019
The financial services giant has announced the merger of its banking and wealth divisions following the resignation of... READ MORE
Aggregator co-founder resigns
by Charbel Kadib • 10 Oct 2019
A veteran of the mortgage broking industry and co-founder of a major aggregator has stepped down from his role.
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Lender appoints national broker manager
by Charbel Kadib • 10 Oct 2019
A non-bank lender has announced the appointment of a national broker channel manager to help bolster its presence in... READ MORE
AFG volumes propelled by market tailwinds
by Charbel Kadib • 10 Oct 2019
The aggregator has kicked-off the 2020 financial year with a sharp uptick in residential mortgage volumes.
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Big 4 bank cuts fixed rates by up to 40 bps
by Hannah Dowling • 10 Oct 2019
A major bank has announced cuts of up to 40 basis points across fixed rate home loan products for owner-occupiers and... READ MORE
Aggregator pushes for broker wellbeing
by Malavika Santhebennur • 10 Oct 2019
The CEO of a mortgage aggregator has stressed the importance of mental health among mortgage brokers on World Mental... READ MORE
Regulators downplay impact of lower floor rates
by Charbel Kadib • 10 Oct 2019
APRA’s serviceability changes have only had a “small” impact on residential mortgage growth, with most... READ MORE
Suncorp highlights broker utility in Treasury submission
by Charbel Kadib • 9 Oct 2019
The non-major bank has lodged a submission to Treasury as part of the consultation process for the proposed best... READ MORE
Resimac, Citi cut variable rates
by Hannah Dowling • 9 Oct 2019
Both lenders have announced cuts to variable interest rates by 15 basis points, short of the full 25 basis point cut by... READ MORE
Non-major appoints interim CFO
by Malavika Santhebennur • 9 Oct 2019
MyState Bank has appointed Gary Dickson to the role of interim CFO.
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Lenders need to ‘get with the program’ on digitised variations
by Hannah Dowling • 9 Oct 2019
With digital loan applications now an industry standard, lenders should be focused on the digitisation of the loans... READ MORE
Macquarie outperforms majors in mortgage market
by Charbel Kadib • 8 Oct 2019
The non-major bank has recorded stronger mortgage portfolio growth than each of the big four banks, new APRA data has... READ MORE
GO1.com launches scholarship program for brokers
by Reporter • 8 Oct 2019
Compliance, professional development and training platform GO1 has announced the launch of a scholarship program... READ MORE
Short-term lender launches in-house auditorium
by Malavika Santhebennur • 8 Oct 2019
HomeSec Business Finance has announced the opening of a $650,000 conference facility for use by brokers and broking... READ MORE
Smartphone enters consumer finance market
by Malavika Santhebennur • 8 Oct 2019
Smartphone brand realme will enter the consumer finance market in Australia through Make It Mine.
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Macquarie, ING among several lenders to cut rates
by Charbel Kadib • 7 Oct 2019
A number of non-major lenders have reduced their variable home loan rates, most of which have fallen short of the full... READ MORE
Lenders keen on FHB loan deposit scheme consultation
by Malavika Santhebennur • 7 Oct 2019
The National Housing Finance and Investment Corporation has seen strong interest from brokers as it seeks feedback on... READ MORE
ASIC issues notice to AFSL holders
by James Mitchell • 7 Oct 2019
The corporate regulator has flagged high levels of non-compliant Australian financial services licensees when it comes... READ MORE
Banks back funding financial counselling
by Malavika Santhebennur • 7 Oct 2019
The ABA has supported recommendations for the big four banks to partly fund the financial counselling sector.
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Final call: Best interests duty submissions due today
by Charbel Kadib • 4 Oct 2019
Today is the last day in which broking industry stakeholders can lodge submissions to Treasury regarding the federal... READ MORE
Variable mortgage rate cuts continue
by Charbel Kadib • 4 Oct 2019
Non-major lenders have repriced their mortgage products following the Reserve Bank’s latest cut to the cash... READ MORE
RateSetter joins PLAN’s lender panel
by Reporter • 4 Oct 2019
The peer-to-peer lender has announced that it has joined PLAN Australia’s panel of lenders in a bid to boost its... READ MORE
Stone Real Estate’s mortgage brokerage hires MD
by Malavika Santhebennur • 4 Oct 2019
A real estate agency’s mortgage broking arm has appointed a former banker as its new managing director.
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Treasurer blasts big 4 for failing to pass on full cut
by Charbel Kadib • 3 Oct 2019
The banks have “a lot of explaining to do”, Treasurer Josh Frydenberg has said, after all four major banks failed... READ MORE
Low rates fail to lure new home buyers
by Malavika Santhebennur • 3 Oct 2019
Record-low interest rates are not doing anything to persuade Australians to enter the property market, but refinancing... READ MORE
AMM reshuffles leadership team
by Reporter • 3 Oct 2019
The mortgage management firm has announced changes to its organisational structure.
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ABA pushes ahead with SME advocacy campaign
by Malavika Santhebennur • 3 Oct 2019
The banking association has continued its work in promoting finance opportunities for small businesses.
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Mortgage rates drop in response to RBA move
by Charbel Kadib • 2 Oct 2019
Lenders have begun to slash their home loan rates in response to the Reserve Bank’s latest cut to the cash... READ MORE
Broking industry reacts to record low cash rate
by Charbel Kadib • 2 Oct 2019
The broking industry has reacted to the Reserve Bank’s latest cut to the official cash rate, with stakeholders... READ MORE
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