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Major bank reduces savings rates
by reporter • 22 Jul 2019
Westpac has become the third major bank to reduce its savings rates following the RBA’s July cash rate decision, with...READ MORE
NAB announces new CEO
by Annie Kane • 19 Jul 2019
National Australia Bank has appointed the CEO of Royal Bank of Scotland as its new group chief executive officer and... READ MORE
‘Stick to what you know’: Associations hit back at CHOICE
by Charbel Kadib • 19 Jul 2019
The FBAA and MFAA have slammed consumer group CHOICE for its “disturbing lack of understanding” of the broking... READ MORE
Peer-to-peer lender joins AFG panel
by Hannah Dowling • 19 Jul 2019
RateSetter has joined the panel of aggregation company AFG, giving brokers access to its personal loan and car finance... READ MORE
Mortgagors more confident in FHB opportunities
by Hannah Dowling • 19 Jul 2019
Ninety-one per cent of mortgagors believe the Great Australian Dream of home ownership is more achievable for first... READ MORE
Neobank to focus fully on brokers
by Annie Kane • 18 Jul 2019
Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and will look... READ MORE
Financial system is ‘more resilient’ thanks to APRA, finds review
by Annie Kane • 18 Jul 2019
APRA’s “rigorous and effective” intervention and management of the “growing risks” in mortgages have helped... READ MORE
Outlook strengthens for house prices and rents, finds NAB
by Annie Kane • 18 Jul 2019
While current property sentiment among property professionals remains negative, future expectations are for improved... READ MORE
Arrears to ‘stabilise’ in response to rate relief
by Reporter • 18 Jul 2019
Home loan delinquencies have declined and are expected to further “stabilise” off the back of interest rate cuts... READ MORE
SME lender joins FAST panel
by Hannah Dowling • 18 Jul 2019
OnDeck Australia has become the latest non-bank lender to join the aggregator’s panel, enabling broker members to... READ MORE
Aggregator launches white label loan suite
by Annie Kane • 17 Jul 2019
Connective has officially launched its suite of white label loan products and brought in a new team of BDMs to support... READ MORE
Macquarie adds construction features to mortgage products
by Charbel Kadib • 17 Jul 2019
The non-major lender has informed brokers that it will be introducing new construction features to its home loan... READ MORE
Treasurer ‘optimistic’ on economic future
by Annie Kane • 17 Jul 2019
Despite noting challenges in housing, Treasurer Josh Frydenberg has said that he is “optimistic” about... READ MORE
How this broker writes family pledge loans
by Hannah Dowling • 17 Jul 2019
No-deposit home loans are on the rise, with parents increasingly looking to support their children on the home buying... READ MORE
Aussie urges ASIC to enshrine consumer obligations
by Charbel Kadib • 16 Jul 2019
Brokers who exercise due diligence should “in no way be liable” if they fail to detect misleading information... READ MORE
RBA reveals FHB deposit scheme calculations
by Annie Kane • 16 Jul 2019
The Reserve Bank of Australia has released internal emails that include analysis of the government’s new First Home... READ MORE
New lender joins Mortgage Choice’s panel
by Reporter • 16 Jul 2019
The franchise group has added a new lender to its panel as part of its ongoing strategy to provide its broker network... READ MORE
Interim GM commences role at Astute Ability
by Reporter • 16 Jul 2019
The new interim general manager of Astute Ability Finance Group, Michael Trencher, has commenced his role at the... READ MORE
Common approach agreed on financial abuse requirements
by Annie Kane • 15 Jul 2019
The banking and broking industries have agreed on a “common approach to identifying the signs of financial abuse in a... READ MORE
Lenders continue to cut rates
by Annie Kane • 15 Jul 2019
Bank of Sydney, Heritage Bank and Pepper Money have announced rate reductions following the RBA's July cash rate... READ MORE
ASIC cancels non-compliant credit licences
by Reporter • 15 Jul 2019
The corporate regulator has suspended and cancelled the credit licences of financial services businesses that have not... READ MORE
ASIC takes action against mortgage professionals
by Reporter • 15 Jul 2019
The corporate regulator revealed that it has cancelled two financial services licences, one due to the absence of... READ MORE
RBA flags ‘overhang effect’ of rising mortgage debt
by Charbel Kadib • 12 Jul 2019
New research from the Reserve Bank has highlighted the link between mortgage debt and household spending amid debate... READ MORE
Westpac cuts fixed rates by up to 70bps
by Reporter • 12 Jul 2019
The major bank has reduced fixed rates across its owner-occupied and investment home loan offerings.
READ MORE
Credit demand to bounce following pre-election lull
by Reporter • 12 Jul 2019
Demand for housing finance has dripped to a 10-year low, but analysts are expecting the market to flip as the... READ MORE
YBR sells investment service as it focuses on mortgages
by Annie Kane • 12 Jul 2019
Yellow Brick Road has sold its stake in wealth investment service Smarter Money Investments as it continues its... READ MORE
Major bank suffers blow in broker space
by Charbel Kadib • 11 Jul 2019
A big four bank’s share of the third-party channel has dwindled over the past 12 months, with the lender experiencing... READ MORE
Brokers lodging fewer loans
by Annie Kane • 11 Jul 2019
Brokers lodged 17 per cent fewer loans between April and September last year, but the value of home loans settled has... READ MORE
FBAA launches app to improve admin efficiencies
by Charbel Kadib • 11 Jul 2019
The industry association has unveiled a new web application designed to “revolutionise” the way in which brokers... READ MORE
ANZ slashes fixed rates
by Reporter • 11 Jul 2019
The major bank has reduced rates across its fixed home loan offerings by up to 57bps.
READ MORE
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