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BOQ tightens home lending policy

BOQ tightens home lending policy

by Malavika Santhebennur • 12 May 2020
The non-major bank has amended its home loan policy to reflect the financial impacts of COVID-19 on customers. READ MORE

COBA releases FHLDS figures
by reporter • 12 May 2020
More than 1,000 First Home Loan Deposit Scheme borrowers have purchased a property with a loan from customer-owned... READ MORE

Australian Broking Awards 2020 launches
by Annie Kane • 11 May 2020
The 10th annual Australian Broking Awards has officially opened for submissions, with winners to be announced at our... READ MORE

Big 4 out of favour with the public
by Hannah Dowling • 11 May 2020
Australia’s four major banks are trailing smaller lenders in the eyes of Australians, according to a new survey... READ MORE

ASIC delays BID implementation
by Charbel Kadib • 8 May 2020
The corporate regulator has announced that the introduction of the best interests duty will be pushed back to 2021 to... READ MORE

Royal commission implementation delayed
by Annie Kane • 8 May 2020
The federal government has announced a six-month deferral of royal commission commitments for unlegislated... READ MORE

Bank backs down on redraw policy
by Charbel Kadib • 8 May 2020
A non-major has scrapped its controversial redraw policy following widespread, cross-industry criticism. READ MORE

APRA relaxes mortgage serviceability guidance
by Charbel Kadib • 8 May 2020
The prudential regulator has eased its responsible lending guidance around the changing of loan terms for existing... READ MORE
fixed home loan rates

Bank hikes fixed home loan rates
by Charbel Kadib • 8 May 2020
A non-major lender has increased fixed rates across its owner-occupied and investment products in response to a rise in... READ MORE

Heritage appoints new BDM
by Hannah Dowling • 8 May 2020
The non-major bank has announced the appointment of an experienced BDM to support its broker services in NSW and ACT. READ MORE
Connective responds to calls for credit policy clarity

Connective responds to calls for credit policy clarity
by Reporter • 8 May 2020
The aggregator has launched a program to assist brokers in managing COVID-19-induced changes to lender products and... READ MORE

Bank drops rates, commits to 24-hour turnarounds
by Annie Kane • 7 May 2020
Neobank 86 400 has committed to 24-hour turnarounds as it drops its fixed rates, reduces minimum serviceability... READ MORE

Next generation of mortgage-holders favour tech
by Hannah Dowling • 7 May 2020
First home buyers have proven their preference for tech-driven marketing, after being found to be the most highly... READ MORE
Craig Vaughan

How this broker uses three steps to clinch a client
by Malavika Santhebennur • 7 May 2020
MAP Home Loans broker Craig Vaughan shares the three steps he follows to acquire new clients and how he learnt from his... READ MORE

How important is it to get a good rate?
by Cameron Micallef • 7 May 2020
An ever-changing regulatory environment is creating not only economic turmoil, but an opportunity for sophisticated... READ MORE

Brokers thanked for role in supporting SMEs
by Annie Kane • 6 May 2020
Brokers, accountants and bookkeepers have been thanked by the ASBFEO for their work in supporting small businesses... READ MORE
SMSF lender joins AFG panel

SMSF lender joins AFG panel
by Reporter • 6 May 2020
A new lender has been appointed to AFG’s panel, providing the aggregator’s broker network with access to a new... READ MORE

Mortgage activity sinks 16.5%
by Reporter • 6 May 2020
Demand for housing finance has fallen sharply across every state and territory, the latest CoreLogic data has... READ MORE
Email technology

Aggregator launches broker connect tools
by Malavika Santhebennur • 6 May 2020
Purple Circle has launched new tools to help brokers stay in touch with their clients and their referrers during the... READ MORE

ME Bank reviewing affected redraw customers
by Annie Kane • 5 May 2020
The non-major bank is to review the personal circumstances of each customer affected by its controversial change to... READ MORE

Banks freeze $6.8bn in loans
by Reporter • 5 May 2020
Australia’s banking sector has collectively deferred over half a million loans valued at approximately $6.8 billion,... READ MORE
Peter King

Westpac earnings plunge, mortgage book thins
by Charbel Kadib • 5 May 2020
A 70 per cent slide in the major bank’s cash earnings has been compounded by a contraction in its residential... READ MORE

New broker commission software launches
by reporter • 5 May 2020
Industry SaaS provider Escientia has released a new software that aims to simplify and streamline mortgage broker... READ MORE
Teachers Mutual Bank

Bank ceases lending for off-the-plan purchases
by Reporter • 4 May 2020
A non-major lender has announced that it will no longer issue credit for off-the-plan property purchases and has... READ MORE

Non-bank extends broker channel presence
by Annie Kane • 4 May 2020
Brighten Home Loans has joined the lender panel of Vow Financial, its first aggregator partnership, as the non-bank... READ MORE