Breaking News
Capify eyes growth and M&As in 2020
by Annie Kane • 12 Feb 2020
The global CEO of SME lender Capify has revealed that the lender is focusing on growth in 2020, including potential...READ MORE
Suncorp CEO eager to ‘win back support’ from brokers
by Charbel Kadib • 12 Feb 2020
The group CEO of Suncorp has committed to improving the “speed, quality and consistency” of its service to brokers... READ MORE
Loan Market announces foreign currency partnership
by Hannah Dowling • 12 Feb 2020
The franchise brokerage has announced a new partnership, which will provide Loan Market brokers with access to... READ MORE
Timing and application of new misconduct rules questioned
by Annie Kane • 11 Feb 2020
Further concerns have been raised regarding new exposure draft legislation that will bring in new reference check and... READ MORE
ASBFEO calls for 30-day payment terms for SMEs
by Hannah Dowling • 11 Feb 2020
Introducing a mandatory supplier payment code, an industry-wide 30-day payment term and a “consistent small business... READ MORE
Major brokerage appoints new Queensland director
by Malavika Santhebennur • 11 Feb 2020
A former state relationship manager at the Commonwealth Bank of Australia has joined Loan Market as state director... READ MORE
Banks relax valuation policies
by Malavika Santhebennur • 11 Feb 2020
Major bank ANZ and non-major bank Gateway have loosened their credit and valuation policies.
READ MOREAssociations call for further guidance on BID
by Annie Kane • 10 Feb 2020
Association heads have welcomed the passage of the best interests duty through Parliament but outlined that further... READ MORE
Aggregators welcome passage of BID
by Annie Kane • 10 Feb 2020
Several aggregator heads have marked the passage of the Financial Sector Reform (Hayne Royal Commission Response –... READ MORE
Mortgage Choice partners with Pepper on new white label
by Hannah Dowling • 10 Feb 2020
The major brokerage has announced the launch of a specialist lending white label product suite, created in partnership... READ MORE
Loanbid eyes expansion amid platform growth
by Hannah Dowling • 10 Feb 2020
The online home loan-bidding platform is expected to announce its intention to expand its offering into business loans,... READ MORE
Smartline to become face of REA broker business
by Annie Kane • 7 Feb 2020
Realestate.com.au Home Loans will no longer represent REA Group’s broking business, with a rebranded Smartline... READ MORE
New lending service rolled out for brokers
by Charbel Kadib • 7 Feb 2020
A fintech lender has launched a new home-lending service aimed at simplifying the underwriting process for... READ MORE
Lender pulls investment product
by Charbel Kadib • 7 Feb 2020
A non-major has announced the withdrawal of an investment product due to “low demand” from customers.
READ MOREAustralian Invoice Finance appoints new state BDM
by Malavika Santhebennur • 7 Feb 2020
The cash flow finance provider has appointed a Queensland BDM to boost sales in the state.
READ MOREBest Interests Duty Bill formally passed
by Annie Kane and Charbel Kadib • 6 Feb 2020
The bill containing the best interests duty for mortgage brokers has officially passed both houses, after being read... READ MORE
Compensation scheme should apply to brokers: AFCA
by Malavika Santhebennur • 6 Feb 2020
AFCA has stressed the need for CSLR obligations to apply across the financial services industry, including mortgage... READ MORE
Lender launches loan with repayment-free term
by Charbel Kadib • 6 Feb 2020
Non-bank lender Latitude Financial has rolled out a new personal loan offering with a repayment-free window.
READ MOREBank tweaks income verification policy
by Malavika Santhebennur • 6 Feb 2020
A non-major bank has updated its income verification policies to “keep pace” with the changing landscape of... READ MORE
Cash rate still heading south despite upbeat RBA: AMP
by Charbel Kadib • 6 Feb 2020
The Reserve Bank will proceed with its monetary policy easing strategy despite maintaining a “surprisingly”... READ MORE
New draft legislation tentatively welcomed
by Annie Kane • 5 Feb 2020
The FBAA and MFAA have tentatively welcomed new draft legislation, particularly in relation to improving broker... READ MORE
CBA-owned fintech unveils small-business app
by Malavika Santhebennur • 5 Feb 2020
A fintech firm fully owned by the Commonwealth Bank has released a mobile app for small businesses, which collates... READ MORE
Mortgage requirements intimidate first home buyers
by Lyall Russell • 5 Feb 2020
Although property prices continue to increase, it is not the critical barrier for first home buyers, the Housing... READ MORE
First cash rate decision of 2020 revealed
by Hannah Dowling • 4 Feb 2020
The Reserve Bank has announced its cash rate decision for the month of February, the first rate decision made for... READ MORE
Government to bring in new misconduct procedures for brokers
by Annie Kane • 4 Feb 2020
New draft legislation has been released that aims to bring into effect new obligations for credit licensees around... READ MORE
Prospa expands Queensland team
by Hannah Dowling • 4 Feb 2020
The non-bank lender has announced two new appointments to its Queensland team, including a new state... READ MORE
Commercial brokerage expands to NZ
by Hannah Dowling • 4 Feb 2020
Financial services group and commercial brokerage FlexiCommercial, a division of FlexiGroup, has launched into the... READ MORE
Strong year forecast for asset finance
by Malavika Santhebennur • 4 Feb 2020
Aggregator Connective Asset Finance is foreseeing strong growth in 2020 as it expects demand out of NSW and Victoria to... READ MORE
Non-bank lender to ramp up broker partnerships
by Hannah Dowling • 3 Feb 2020
Mortgageport has announced that it intends to expand its partnerships with brokers, starting off by offering First Home... READ MORE
FAST welcomes Judo Bank to its panel
by reporter • 3 Feb 2020
Aggregation company FAST has added SME lender Judo Bank to its panel, welcoming the lender’s agility and service... READ MORE

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