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Virgin Money partners with aggregator

by Reporter • 3 Apr 2019
The non-major lender has announced its partnership with a mortgage aggregator, in a move designed to enhance its...READ MORE

Budget 2019-20 released

by Annie Kane • 2 Apr 2019
The Coalition government has released its budget for 2019-20, which includes an extension and increase in the instant... READ MORE

Pre-budget cash rate decision revealed

by Charbel Kadib • 2 Apr 2019

The RBA has announced its cash rate verdict for April ahead of the release of the federal budget this evening.

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Housing market plagued by ‘uncertainties’ as downturn continues

by Charbel Kadib • 2 Apr 2019
The fall in residential property values is “losing steam” but could be reinvigorated by changes in the political... READ MORE

Property slump ‘weighing heavily’ on sentiment

by Reporter • 2 Apr 2019
Cost of living pressures have been magnified by the continued fall in dwelling values, with the “wealth effect”... READ MORE

Non-bank updates lending policy

by Reporter • 2 Apr 2019
A non-bank lender has announced updates to its serviceability assessment criteria, including changes to requirements... READ MORE

Labor announcement to spark ‘mini surge’ in housing market

by Charbel Kadib • 1 Apr 2019
The federal Labor opposition has revealed the commencement date for its changes to negative gearing and the capital... READ MORE

Profile: Damian Percy reflects on his legacy

by Annie Kane • 1 Apr 2019
After nearly 20 years with the Bendigo and Adelaide Bank Group, Damian Percy, the former head of strategic... READ MORE

Fixed mortgage rate cuts continue

by Reporter • 1 Apr 2019
Macquarie Bank, ME, and HomeStart Finance are the latest lenders to reprice their fixed rate home loan offerings,... READ MORE

ASIC to recover $5.6m from credit intermediaries

by Annie Kane • 1 Apr 2019
Credit intermediaries — such as brokers an aggregators — will need to cover more than $5 million of ASIC’s costs... READ MORE

Aggregator enters joint operation agreement with iSelect

by Annie Kane • 29 Mar 2019
A major aggregator has entered into a joint operation agreement with comparison website iSelect, which aims to benefit... READ MORE

Industry heads reiterate warning of changing remuneration

by Annie Kane • 29 Mar 2019
A panel of representatives from the mortgage and broking industry has noted the complex task of changing broker... READ MORE

Introducer program ‘halved’, ANZ reveals

by Charbel Kadib • 29 Mar 2019
ANZ CEO Shayne Elliott has revealed that the major bank has halved its network of introducers but has no immediate... READ MORE

Lender adopts ‘stricter’ compliance guidelines

by Reporter • 29 Mar 2019
A South Australian-based lender has announced that it will launch a new compliance model designed to ensure that... READ MORE

Trail book scammer jailed

by Annie Kane • 28 Mar 2019
A former banker and mortgage broker has been sentenced to five years in prison for 16 counts of financial deception,... READ MORE

ANZ CEO backs market solution to commission debate

by Charbel Kadib • 28 Mar 2019
The market can “resolve” the ongoing broker remuneration dispute without government intervention, ANZ CEO Shayne... READ MORE

Brokers would not ‘thrive’ under advice model: NAB

by Annie Kane • 27 Mar 2019
The interim CEO of a major bank has told the House of Representatives that the mortgage broking industry is “not... READ MORE

SME lender appoints new MD

by Annie Kane • 27 Mar 2019
Fintech business lender Spotcap has announced that it has appointed a new MD for Australia and New Zealand to replace... READ MORE

ING reprices home loan offerings

by Charbel Kadib • 27 Mar 2019
The non-major bank has announced fresh mortgage rate changes, less than two months after hiking its rates by 15 basis... READ MORE

Major bank raises rates on lines of credit

by Annie Kane • 27 Mar 2019
A big four bank has raised interest rates on lines of credit by 45 basis points, raising concerns from some brokers... READ MORE

Investors would suffer if remuneration changes, warns buyer’s agent

by Ezekiel MacNevin • 27 Mar 2019
Banning trailing commissions and upfront payments would diminish competition in the mortgage market and damage the... READ MORE

Shadow treasurer says government has ‘got it wrong’ on trail

by Annie Kane • 26 Mar 2019
In a clear stance on Labor’s trail position, Chris Bowen MP has said that the government’s response to the banking... READ MORE

Major banks provide update on introducer programs

by Annie Kane • 26 Mar 2019
Following NAB’s announcement that it would cease paying introducers from October this year, The Adviser asked the... READ MORE

Bank’s remediation work hits cash earnings

by and Adrian Flores • 26 Mar 2019
Westpac’s cash earnings for the first half of 2019 will be reduced by an estimated $260 million as the bank continues... READ MORE

New banking group appoints former ING CEO to board

by Reporter • 26 Mar 2019
A former CEO of ING Bank, Don Koch, has been appointed to the board of directors of the BNK Banking Corporation,... READ MORE

Major bank to end introducer payments

by Annie Kane • 25 Mar 2019
A big four bank has committed to cease paying referral payments to introducers in a bid to be “simpler and more... READ MORE

Mortgage broker legal fund set to be established

by Annie Kane • 25 Mar 2019
Brokers are being asked to submit expressions of interest in whether they would support the establishment of a national... READ MORE

AFS licences revoked after firms failed to join AFCA

by Reporter • 25 Mar 2019
The corporate regulator has cancelled the financial services licences of two firms for failing to obtain an AFCA... READ MORE

Hayne’s remuneration recommendations ‘contradictory’

by Tas Bindi • 25 Mar 2019
The royal commission’s final recommendations on the remuneration of brokers and bank executives are... READ MORE

Near-prime the ‘fastest-growing sector’ of lending

by Annie Kane • 22 Mar 2019
The lending landscape has changed dramatically over the past year, with near-prime lending becoming the fastest-growing... READ MORE
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