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Proprietary channel conceded territory to brokers
by Charbel Kadib • 20 Jun 2019
The share of new home loans originated by the third-party channel has spiked against a backdrop of a 16.4 per cent fall...READ MORE
Westpac appoints new CEO of business division
by Reporter • 20 Jun 2019
The major bank has appointed a CEO to head-up its new business division.
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Royal commission reinforced what GFC exposed: Laker
by Tas Bindi • 20 Jun 2019
A decade later, the royal commission came to the same conclusion that was reached during the GFC about the impact of... READ MORE
Loan management platform launches $1m equity raise
by Reporter • 20 Jun 2019
Loan management platform Credi has opened a $1 million equity crowdfund on Equitise in a bid to enable everyday... READ MORE
New broker rating site to launch
by Annie Kane • 19 Jun 2019
Brokers are being called on to review and verify their online profiles on a new website that is set to launch, which... READ MORE
Major brokerage allows brokers to retain personal brand
by Annie Kane • 19 Jun 2019
Loan Market has launched a new scheme that will enable “quality businesses with scale” to join the brokerage while... READ MORE
ASIC approves rules to extend AFCA’s reach
by Reporter • 19 Jun 2019
New legacy rules, designed to expand AFCA’s jurisdiction, have been approved by the corporate regulator.
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ME slashes rates by up to 31bps
by Reporter • 19 Jun 2019
The non-major has repriced its owner-occupied and investment home loan offerings, with one product priced with the... READ MORE
More details emerge behind HashChing exodus
by Annie Kane • 18 Jun 2019
As mortgage marketplace HashChing goes through a seismic change and looks to branch into new areas of focus, more... READ MORE
Gateway Bank cuts mortgage rates
by Reporter • 18 Jun 2019
Gateway has cut rates across all of its variable owner-occupied and investment home loans, which will apply to both new... READ MORE
Rise in mortgage delinquencies forecast to continue
by Reporter • 18 Jun 2019
High household debt, declining house prices and the automatic conversion of interest-only loans will continue to drive... READ MORE
NAB updates lending policy to comply with new banking code
by Reporter • 18 Jun 2019
The major bank has revised its lending policy in accordance with provisions outlined under the new Banking Code of... READ MORE
Doubts cast over utility of FHB loan scheme
by Charbel Kadib • 17 Jun 2019
It is “unlikely” that the federal government’s first home buyer scheme will achieve its objective of improving... READ MORE
TMB drops variable mortgage rates
by Charbel Kadib • 17 Jun 2019
The mutual bank has passed on the full 25bps cut from the RBA to its variable mortgage rate customers.
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Law firm slams ‘inequitable’ AFCA reforms
by Reporter • 17 Jun 2019
Reforms to extend AFCA’s jurisdiction are “inequitable” and “inconsistent”, according to a Queensland-based... READ MORE
A psychologist’s top tips on building client relationships
by Ezekiel MacNevin • 17 Jun 2019
The key ingredients to a healthy broker-client relationship include creating common ground, showing authenticity and,... READ MORE
Brokerage lands $20bn in deals as Asian markets rebound
by Tas Bindi • 14 Jun 2019
A NSW-based commercial broker has a $20 billion pipeline of transactions across Asia, and is partnering with... READ MORE
HomeStart announces mortgage rate cut
by Reporter • 14 Jun 2019
The high-LVR lender has cut its standard variable mortgage rate, becoming the latest lender to reprice its offering... READ MORE
$2bn SME fund risky for taxpayers: Productivity Commission
by Tas Bindi • 14 Jun 2019
The federal government’s $2 billion small-business fund creates risk for taxpayers, the Productivity Commission has... READ MORE
BOQ revises home lending policy
by Reporter • 14 Jun 2019
The regional bank has made a number of changes to its mortgage lending policy, which include measures to both ease... READ MORE
APRA finalises BEAR obligations for smaller ADIs
by Tas Bindi • 13 Jun 2019
The prudential regulator has made its decision on how the BEAR applies to variable remuneration arrangements for small... READ MORE
Non-bank CEO awarded Order of Australia medal
by Annie Kane • 13 Jun 2019
The president and CEO of non-bank lender La Trobe Financial, Greg O’Neill, has been awarded the Medal of the Order of... READ MORE
MyState announces 'equitable' rate cut
by Reporter • 13 Jun 2019
The non-major lender has opted to protect its “much larger” deposit customer base by choosing not to pass on the... READ MORE
HashChing executive team departs, new CEO steps in
by Annie Kane • 12 Jun 2019
The founder and the executive team of online mortgage marketplace HashChing have all left the company, with a new... READ MORE
High-LVR lender falls short of full 25bps cut
by Reporter • 12 Jun 2019
A Western Australia-based lender has slashed its variable mortgage rates in response to the Reserve Bank’s cut to the... READ MORE
Swiss SME lender enters Australia
by Reporter • 12 Jun 2019
A Switzerland-headquartered alternative lender is expanding into Australia, its first international market, with an... READ MORE
Prospa officially floats on the ASX
by Annie Kane • 11 Jun 2019
SME lender Prospa has rung the bell at the Australian Securities Exchange as it officially lists on the stock... READ MORE
Major aggregator restructures executive team
by Annie Kane • 11 Jun 2019
AFG has restructured its executive team and consolidated the executive accountability for all residential mortgage... READ MORE
HSBC outperforms peers on mortgage growth
by Tas Bindi • 11 Jun 2019
HSBC’s residential mortgage book grew by $500 million in April, representing the largest growth among the non-major... READ MORE
Brokers reveal their government wish list
by Tas Bindi • 11 Jun 2019
Brokers breathed a sigh of relief when the Coalition was re-elected by the Australian public, knowing that their... READ MORE
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