Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

NAB revamps business bank, bolsters broker team

by Charbel Kadib • 26 Sep 2019

The major bank has announced its plans to expand its business and private bank, which includes the strengthening of its...READ MORE

Brokers the ‘priority’ for new lender

by Charbel Kadib • 25 Sep 2019

A new entrant in the lending space is banking on the broker channel as its primary point of distribution for its credit... READ MORE

Big 4 bank cuts rates by up to 90 bps

by Hannah Dowling • 25 Sep 2019

A major bank has announced mortgage rate reductions of up to 90 bps for both owner-occupiers and... READ MORE

Virgin Money revises verification requirements

by Reporter • 25 Sep 2019

The lender has announced a number of changes to its home lending policy, which include a softening of its expense... READ MORE

Loan Market launches new marketing program

by Reporter • 25 Sep 2019

The broking franchise group has unveiled a new marketing automation program.

SMEs funding growth through non-bank lenders

by Hannah Dowling • 25 Sep 2019

The proportion of Australian SMEs that plan to fund their business growth via their main bank has halved in the past... READ MORE

TMB CEO lauds ‘fantastic’ broker service

by Charbel Kadib • 24 Sep 2019

The chief executive of the mutual bank has noted the contribution of the broker channel in helping the lender deliver... READ MORE

Climate change raising risk for mortgagors

by Hannah Dowling • 24 Sep 2019

The increased frequency of natural disasters is raising risks for home loans and house prices in Australia, and is... READ MORE

ANZ finalises SME business sale in PNG

by Hannah Dowling • 24 Sep 2019

The major bank has finalised the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina... READ MORE

Major bank drops serviceability floor rate

by Annie Kane • 23 Sep 2019

Westpac is dropping its floor rate for home loans next week, which will impact the serviceability assessment rates used... READ MORE

Net of offset policies should ‘mirror’ clawback provisions

by Charbel Kadib • 23 Sep 2019

Loan Market head Sam White has joined the call for a more equitable application of net of offset reforms that better... READ MORE

NAB reveals commencement date of new CEO

by Charbel Kadib • 23 Sep 2019

The major bank has announced the start date for its incoming CEO Ross McEwan.

Big banks provide 100% CCR data

by Hannah Dowling • 23 Sep 2019

The big four banks have provided 100 per cent of the required eligible account information ahead of the deadline,... READ MORE

Asset finance lender acquired for $260m

by Annie Kane • 20 Sep 2019

Equipment finance lender Axsesstoday, which had been placed into administration, has been bought by an affiliate of... READ MORE

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

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