Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

ASIC cancels non-compliant credit licences

by Reporter • 15 Jul 2019

The corporate regulator has suspended and cancelled the credit licences of financial services businesses that have not...READ MORE

ASIC takes action against mortgage professionals

by Reporter • 15 Jul 2019

The corporate regulator revealed that it has cancelled two financial services licences, one due to the absence of... READ MORE

RBA flags ‘overhang effect’ of rising mortgage debt

by Charbel Kadib • 12 Jul 2019

New research from the Reserve Bank has highlighted the link between mortgage debt and household spending amid debate... READ MORE

Westpac cuts fixed rates by up to 70bps

by Reporter • 12 Jul 2019

The major bank has reduced fixed rates across its owner-occupied and investment home loan offerings.

Credit demand to bounce following pre-election lull

by Reporter • 12 Jul 2019

Demand for housing finance has dripped to a 10-year low, but analysts are expecting the market to flip as the... READ MORE

YBR sells investment service as it focuses on mortgages

by Annie Kane • 12 Jul 2019

Yellow Brick Road has sold its stake in wealth investment service Smarter Money Investments as it continues its... READ MORE

Major bank suffers blow in broker space

by Charbel Kadib • 11 Jul 2019

A big four bank’s share of the third-party channel has dwindled over the past 12 months, with the lender experiencing... READ MORE

Brokers lodging fewer loans

by Annie Kane • 11 Jul 2019

Brokers lodged 17 per cent fewer loans between April and September last year, but the value of home loans settled has... READ MORE

FBAA launches app to improve admin efficiencies

by Charbel Kadib • 11 Jul 2019

The industry association has unveiled a new web application designed to “revolutionise” the way in which brokers... READ MORE

ANZ slashes fixed rates

by Reporter • 11 Jul 2019

The major bank has reduced rates across its fixed home loan offerings by up to 57bps.

FHBs help non-majors hit record high in broker space

by Charbel Kadib • 10 Jul 2019

The number of broker-originated loans lodged with non-major lenders has increased to a record high, partly driven by a... READ MORE

Commercial loans settled by brokers rises to new high

by Annie Kane • 10 Jul 2019

The value of commercial loans settled by brokers in a six-month period exceeded $9 billion in the April-to-September... READ MORE

ASIC to use new powers against short-term lenders

by Tas Bindi • 10 Jul 2019

Australia’s corporate watchdog has announced its plans to wield its new product intervention powers to address... READ MORE

How to build a leading broking business

by Reporter • 10 Jul 2019

Digital marketing profit strategist Greg Cassar, HR specialist Roland Youakim and technology specialist Andrew Duerden... READ MORE

MFAA backs ‘entirely appropriate’ APRA reforms

by Charbel Kadib • 9 Jul 2019

The association has expressed its support for the prudential regulator’s changes to home loan serviceability... READ MORE

Non-majors lower mortgage rates

by Reporter • 9 Jul 2019

AMP Bank and Bendigo Bank are among the latest lenders to reduce their home loan rates following the Reserve Bank’s... READ MORE

Industry ‘close’ to finalising financial abuse statement

by Annie Kane • 9 Jul 2019

The mortgage broking industry is reportedly “close to finalising the wording of a broker statement around... READ MORE

Aussie recruits more women than men for the first time

by Reporter • 9 Jul 2019

The major brokerage has announced that it has recruited more female mortgage brokers than male ones for the first time... READ MORE

ASIC urged to ‘codify’ broker obligations

by Charbel Kadib • 8 Jul 2019

ASIC has been urged to enshrine “strong, consumer-focused” requirements for brokers in its responsible lending... READ MORE

Pepper prices inaugural asset finance securitisation

by Reporter • 8 Jul 2019

Non-bank lender Pepper has priced its inaugural term transaction of asset finance receivables under a newly created... READ MORE

Heritage completes real-time payments rollout

by Reporter • 8 Jul 2019

The community-owned bank is one of the latest to complete its rollout of instant payments via the New Payments... READ MORE

Australia’s leading brokers honoured at ABAs 2019

by Annie Kane • 5 Jul 2019

The leading players in the broking industry have been named at The Adviser’s Australian Broking Awards... READ MORE

Brokers covered for financial abuse declaration: PI insurer

by Annie Kane • 5 Jul 2019

Specialist Finance Group has said the issue around financial abuse declarations has taken a “major step” forward... READ MORE

Mortgage rate cuts continue

by Reporter • 5 Jul 2019

Macquarie and Bankwest are among several more lenders to announce mortgage rate cuts in response to the Reserve... READ MORE

Lenders should be given verification priority: 86 400

by Charbel Kadib • 5 Jul 2019

Lenders should be able to rely on their own verification checks if a “discrepancy” is identified from the... READ MORE

Heartland secures $250m funding facility

by Reporter • 5 Jul 2019

Heartland Group Holdings has announced that it has further diversified its local funding base by securing a $250... READ MORE

AFG, Connective, Loan Market, Mortgage Choice

Aggregators call for new approaches to responsible lending

by Charbel Kadib • 4 Jul 2019

Broking groups have joined the industry associations in calling for greater clarity around responsible lending... READ MORE

Non-majors begin releasing rate cut decisions

by Annie Kane • 4 Jul 2019

ING, Suncorp and ME have announced their rate changes following the RBA meeting, but have not passed the full reduction... READ MORE

Credit crackdown to offset boost from rate cuts

by Reporter • 4 Jul 2019

“Highly restrictive” conditions in the lending landscape remain the “overriding issue” inhibiting access to... READ MORE

Resimac acquires stake in Positive Group

by Annie Kane • 3 Jul 2019

Non-bank mortgage lender Resimac Group Ltd has acquired a $3-million stake in SA-based financial services fintech... READ MORE

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