Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Broking industry tentatively welcomes rate cut

by Annie Kane • 3 Jul 2019

Several representatives from the mortgage broking industry have welcomed the central bank’s decision to further...READ MORE

Lenders respond to RBA move with mortgage rate cuts

by Charbel Kadib • 3 Jul 2019

The mortgage market has responded to the Reserve Bank’s second consecutive cut to the official cash rate, with... READ MORE

Westpac group updates fixed rate prepayment threshold

by Reporter • 3 Jul 2019

Westpac and its subsidiaries will increase the fixed rate prepayment threshold by $20,000 from next... READ MORE

Cash rate slashed to new low

by Charbel Kadib • 2 Jul 2019

The Reserve Bank has cut the official cash rate for the second month in a row, with focus now shifting to the response... READ MORE

Associations call for ‘clarity’ on expense verification

by Charbel Kadib • 2 Jul 2019

The MFAA and the FBAA have called on ASIC to provide the mortgage industry with greater guidance surrounding expense... READ MORE

Brokers expect at least one more RBA rate cut

by Reporter • 2 Jul 2019

A new survey of brokers has revealed a unanimous view that the Reserve Bank will cut the official cash rate at least... READ MORE

Newly appointed lender CEO affirms broker support

by Annie Kane • 2 Jul 2019

The new CEO of Newcastle Permanent, Bernadette Inglis, has officially commenced in her new role and outlined her... READ MORE

Revised pensioner loans scheme comes into effect

by Reporter • 2 Jul 2019

The revised Pension Loans Scheme, intended to provide an income boost to a greater number of retirees, is now in... READ MORE

Big four diverge in mortgage market

by Charbel Kadib • 1 Jul 2019

The major banks have reported mixed results in the home lending space, with one lender slipping deeper into negative... READ MORE

Value of brokers showcased in new TV series

by Annie Kane • 1 Jul 2019

The valuable role that mortgage brokers play in helping consumers save for and secure a mortgage has been highlighted... READ MORE

Wealth and mortgage debt both edge higher

by Tas Bindi • 1 Jul 2019

Household wealth edged higher in the March quarter, but declining house prices meant mortgage debt also creeped up,... READ MORE

BOQ slashes fixed rates to new lows

by Reporter • 1 Jul 2019

The non-major has announced rate reductions across its fixed home loan offerings ahead of the Reserve Bank’s next... READ MORE

Banking code obligations could ‘bankrupt’ brokers

by Charbel Kadib • 28 Jun 2019

Broking industry stakeholders have come out in force to oppose “unfair” credit policy changes introduced as part of... READ MORE

ASIC to host new set of public hearings

by Charbel Kadib • 28 Jun 2019

The corporate regulator will host public hearings attended by banks and industry stakeholders to discuss changes to its... READ MORE

Brokers increasingly looking at business finance

by Annie Kane • 28 Jun 2019

The head of the FBAA has noted that more mortgage brokers are writing and learning about business finance following... READ MORE

Bank introduces review period for broker commissions

by Charbel Kadib • 27 Jun 2019

A lender has announced that it will alter the manner in which it pays upfront commissions to brokers by introducing a... READ MORE

Risks flagged amid lending policy changes

by Charbel Kadib • 27 Jun 2019

An industry association has issued a warning over the “unintended consequences” associated with the new banking... READ MORE

Broker urges banks to accept APRA reforms

by Reporter • 27 Jun 2019

A Perth-based mortgage broker has called on banks to green-light the prudential regulator’s proposed reforms to... READ MORE

P2P lender expands presence in third-party space

by Reporter • 27 Jun 2019

A non-bank credit provider has been added to another aggregator’s panel of lenders.

Suncorp warns of ‘administrative error’

by Annie Kane • 27 Jun 2019

Following an “administrative error” in which Suncorp failed to remind mortgagors of their home insurance... READ MORE

Brokers rate the non-major banks

by Annie Kane • 26 Jun 2019

The third-party channel believes non-major banks are performing more strongly than major banks and non-banks, according... READ MORE

Westpac introduces changes to lending policy

by Reporter • 26 Jun 2019

The major bank has joined NAB in updating its lending policy in line with revisions to the banking code.

AFG appoints new national sales manager

by Reporter • 26 Jun 2019

The mortgage aggregator has promoted one of its business relationships managers to the role of national sales manager... READ MORE

New entrant to 'explore' third-party 'opportunities'

by Charbel Kadib • 26 Jun 2019

A global non-bank lender has entered the Australian credit space and is considering its options in the third-party... READ MORE

Credit resurgence could have ‘undesirable’ impact

by Charbel Kadib • 25 Jun 2019

The fall in interest rates and an easing of lending standards will “breathe life” into the property market, but not... READ MORE

Top tips for writing asset finance before EOFY

by Annie Kane • 25 Jun 2019

As the end of financial year fast approaches, several leading players in the asset finance space have outlined their... READ MORE

FHBs ‘overwhelmed’ by mortgage process

by Reporter • 25 Jun 2019

The rigours of the home loan application process have been described as “stressful” and “overwhelming” by 93... READ MORE

Brokers urged to embrace car finance space

by Reporter • 25 Jun 2019

An aggregator has called on brokers to capitalise on the growing demand for broking services in the car financing... READ MORE

Analysis uncovers ‘surprising’ spike in high-LVR lending

by Charbel Kadib • 24 Jun 2019

The share of new loans approved with an LVR greater than 80 per cent has increased, despite continued tightening in... READ MORE

Banks charged $1.17bn in home loan fees

by Annie Kane • 24 Jun 2019

More than a quarter of the $4.19 billion dollars of bank fees charged to customers last year were related to home... READ MORE

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