Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Broker sentiment on the rise

by Hannah Dowling • 28 Oct 2019

Sentiment in the mortgage broking industry has continued to improve with time following the February 2019 release of...READ MORE

Aggregator signs new partnership agreement

by Hannah Dowling • 28 Oct 2019

Mortgage aggregator Finsure has entered a new partnership with marketing automation platform ActivePipe, in a bid to... READ MORE

Smartline franchisee joins Bendigo and Adelaide Bank

by Reporter • 28 Oct 2019

The principal of a Smartline brokerage based in South Australia has joined the non-major’s mobile direction... READ MORE

FBAA sees ‘opportunity’ in calls for accountability

by Hannah Dowling • 25 Oct 2019

“Smart brokers will embrace” calls for greater accountability and best interests duty obligation, the head of the... READ MORE

Net of offset confusion ‘wasting brokers’ time’

by Charbel Kadib • 25 Oct 2019

A Sydney-based brokerage director has joined calls for a standardised approach to net of offset calculations.

Fixed rate demand stays soft

by Annie Kane • 25 Oct 2019

Fixed rate demand remains at record-low levels, with borrowers in Western Australia least likely to fix their mortgage... READ MORE

Mike Jefferies to stand down from Resimac board

by Annie Kane • 25 Oct 2019

The mortgage lender has announced that independent non-executive director Mike Jefferies is to step down from the board... READ MORE

Re-accreditation issues impeding aggregator switching

by Annie Kane • 24 Oct 2019

Difficulty in re-accrediting with lenders when switching aggregators has been cited by brokers as one of the biggest... READ MORE

Industry risks disruption if it doesn’t embrace diversity: MFAA

by Annie Kane • 24 Oct 2019

The broking industry needs to embrace diversity and inclusion if it is to avoid the risk of disruption and continue to... READ MORE

Complexities putting AI implementation at a ‘standstill’

by Charbel Kadib • 24 Oct 2019

A new report has flagged risks associated with the implementation of AI technology, which could be inhibiting... READ MORE

Loan Market unveils new lead generation tool

by Hannah Dowling • 24 Oct 2019

A personalised lead generation tool is the latest addition to the brokerage’s digital marketing overhaul, built to... READ MORE

REVEALED: What brokers want from their aggregator

by Annie Kane • 23 Oct 2019

The results of the 2019 Aggregator of Choice survey, run by Momentum Intelligence, are in – revealing the top... READ MORE

Westpac launches new serviceability calculator

by Reporter • 23 Oct 2019

The major bank has revamped its serviceability calculator in response to broker feedback.

Bank Australia reports 22% growth in mortgage settlements

by Hannah Dowling • 23 Oct 2019

The customer-owned bank has seen “strong” year-on-year growth in both its mortgage settlements and overall loan... READ MORE

Better Business Awards 2020 nominations open

by reporter • 23 Oct 2019

Nominations for The Adviser’s state-based awards program, the Better Business Awards 2020, are now officially... READ MORE

Best interests duty will ‘help’ broking industry

by Annie Kane • 22 Oct 2019

The new best interests duty regulation could act as a calling card for the broking industry as it will provide greater... READ MORE

Westpac eases investor lending policy

by Charbel Kadib • 22 Oct 2019

The major bank has revised its investor lending policy, increasing the maximum LVR for interest-only loans.

Diversification drives N1’s revenue growth

by Reporter • 22 Oct 2019

The diversified broking and non-bank lending group has released its annual report for the 2019 financial year,... READ MORE

Neo-lender approves first ‘15-minute’ mortgage

by Hannah Dowling • 22 Oct 2019

Australian Mortgage Marketplace has settled its first mortgage application, providing a broker client with a verified... READ MORE

Majors out of favour with investor, IO borrowers

by Charbel Kadib • 21 Oct 2019

Investors and borrowers seeking interest-only repayment terms are flocking in droves to Australia’s non-major... READ MORE

REA banks on broker network

by Reporter • 21 Oct 2019

The multinational property group is hoping to reverse its fortunes in the financial services market by backing its... READ MORE

Macquarie Bank revises serviceability policy

by Malavika Santhebennur • 21 Oct 2019

The non-major bank has announced changes to its serviceability policy in response to record-low interest rates.

Mortgage protection should be the ‘cornerstone’ of financial...

by Hannah Dowling • 21 Oct 2019

Last week, at The Adviser’s EU Study Tour, Australian brokers were exposed to a range of international perspectives... READ MORE

Treasury takes net of offset standardisation off the table

by Charbel Kadib • 18 Oct 2019

The industry will need to self-regulate in order to standardise the calculation of net of offset payments, with... READ MORE

CBA reaping rewards of home lending bounce

by Malavika Santhebennur • 18 Oct 2019

The major bank’s CEO, Matt Comyn, told the AGM that there is an “abundance” of housing credit available, as the... READ MORE

TMB reduces fixed and variable rates

by Hannah Dowling • 18 Oct 2019

The mutual bank has announced reductions of between 10 and 25 basis points across its loan offerings for both... READ MORE

Women urged to take control of their finances

by Malavika Santhebennur • 18 Oct 2019

Women need to prioritise budgeting and saving as soon as they join the workforce to avoid financial stress in the... READ MORE

Trail ‘at risk’ in best interests duty bill

by Charbel Kadib • 17 Oct 2019

Draft regulations in the government’s best interests duty bill could, in practice, prohibit the payment of trail... READ MORE

One in five consumers to switch banks

by Hannah Dowling • 17 Oct 2019

With open banking due to be introduced in February 2020, Deloitte studied how consumers are likely to react to the... READ MORE

Mortgage Choice seeks to grow advice network

by Malavika Santhebennur • 17 Oct 2019

The broking franchise group wants to capitalise on the rapid change facing the advice sector and expand its financial... READ MORE

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