Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Brokers encouraged to seize data opportunities

by Charbel Kadib • 20 Sep 2019

Head of Choice Aggregation Stephen Moore has encouraged brokers to capitalise on industry momentum by embracing new...READ MORE

Brokers have their say on serviceability changes

by Hannah Dowling • 20 Sep 2019

Several leading brokers have suggested that APRA’s recent changes to home loan serviceability guidelines will result... READ MORE

Government urged to invest budget underspend on housing

by Annie Kane • 20 Sep 2019

The government is being urged to invest more in social and affordable housing after Treasury revealed a “return to... READ MORE

Advantedge updates credit policy

by Reporter • 20 Sep 2019

The white label funder has announced changes to its home lending policy to ensure that it “continues lending... READ MORE

Aggregator head laments bank response to rem reform

by Charbel Kadib • 19 Sep 2019

The head of a major aggregator has flagged issues associated with the conflicting methods used by lenders to calculate... READ MORE

ME mortgage book grows 7%, market share increases

by Annie Kane • 19 Sep 2019

The broker channel helped the non-major bank grow its home loan portfolio by 7.3 per cent in the 2019 financial year,... READ MORE

Big 4 expected to demand clarity from ASIC

by Sarah Simpkins • 19 Sep 2019

Former YBR head Tim Brown has become the latest industry representative to warn that hazy guidelines around responsible... READ MORE

New commercial loans portal launches

by reporter • 19 Sep 2019

A new commercial loans portal, Marketplace.finance, has launched, which enables accredited referrers such as brokers to... READ MORE

Conversion rates increase despite credit crackdown

by Charbel Kadib • 18 Sep 2019

An increasing number of loans lodged by brokers are progressing to settlement, despite increased scrutiny on mortgage... READ MORE

Identity theft ring responsible for multimillion-dollar fraud

by Hannah Dowling • 18 Sep 2019

ASIC and the AFP have begun court proceedings against suspected members of an online fraud syndicate that allegedly... READ MORE

How brokers can help support SME clients grow

by reporter • 18 Sep 2019

Helping SME clients secure finance is one aspect of a finance broker’s business, but understanding when and how to... READ MORE

Banks ‘ready and open’ to lend to SMEs

by Reporter • 18 Sep 2019

ABA CEO Anna Bligh has urged small-business owners to seek credit, amid new research reporting loan approval rates of... READ MORE

Prime home loan arrears fell in July

by Annie Kane • 17 Sep 2019

Australian prime home loan arrears fell in July in all states except NSW and South Australia, but they remain above... READ MORE

Non-majors update expense validation process

by reporter • 17 Sep 2019

BOQ and Heritage have both made updates to their processes for expense validation, effective... READ MORE

Mutual bank updates serviceability calculator

by reporter • 17 Sep 2019

As of today, Teachers Mutual Bank will make changes to its loan origination servicing calculator, which will require... READ MORE

NAB announces support team for vulnerable customers

by Hannah Dowling • 17 Sep 2019

The big bank has responded to the ABA’s new Banking Code of Practice with the introduction of its Customer Support... READ MORE

Pepper launches mortgage offering in NZ

by Annie Kane • 16 Sep 2019

Non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, offering advisers in New Zealand... READ MORE

Fewer mortgage brokers writing commercial loans

by Charbel Kadib • 16 Sep 2019

Contrary to industry expectations, the MFAA has reported a decline in the number of commercial loans written by... READ MORE

SME lender buys Eclipx Commercial

by Hannah Dowling • 16 Sep 2019

SME lender Grow Asset Finance has purchased Eclipx Commercial for $14.6 million, as Eclipx divests its assets to reduce... READ MORE

Prospa launches education initiative

by Hannah Dowling • 16 Sep 2019

The SME lender has launched a new, interactive education program to assist brokers transition into SME... READ MORE

Broker commissions slide to historic low

by Charbel Kadib • 13 Sep 2019

The average annual commission earned by a broker has slipped to a record low, according to new MFAA research, which... READ MORE

New law would give ASIC greater banning powers

by Annie Kane • 13 Sep 2019

A consultation has launched for new legislation that would broaden the financial services regulator’s powers so it... READ MORE

TMB reveals ethical short-term deposits

by Hannah Dowling • 13 Sep 2019

The bank has announced that all future wholesale short-term deposits have been ethically certified, the latest TMB... READ MORE

CUA appoints new CEO

by Hannah Dowling • 12 Sep 2019

The credit union has announced that it will promote its chief sales officer to CEO on 1 November... READ MORE

ASIC to release loan fraud report next month

by Annie Kane • 12 Sep 2019

The financial services regulator has revealed that it is to release a major publication on loan fraud next month, which... READ MORE

How to ask R U OK?

by Annie Kane • 12 Sep 2019

R U OK? Day non-executive director Graeme Cowan shares his tips and strategies for starting the mental health... READ MORE

Adelaide Bank cuts fixed rates by up to 60 bps

by Charbel Kadib • 12 Sep 2019

The non-major has reduced fixed rates across its owner-occupied and investment home loan products offered exclusively... READ MORE

Purple Circle welcomes 100% LVR lender to its panel

by Hannah Dowling • 12 Sep 2019

The aggregator has welcomed Granite Home Loans to its panel, giving its brokers access to no-deposit home loans for... READ MORE

Bank bracing for ‘busy’ season through broker channel

by Charbel Kadib • 11 Sep 2019

A non-major bank is preparing for an anticipated spike in home loan volumes over the coming months by bolstering its... READ MORE

ASIC to prolong HEM dispute with Westpac

by Charbel Kadib • 11 Sep 2019

The corporate regulator will contest the Federal Court’s decision to dismiss its responsible lending case against... READ MORE

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