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Expenditure benchmarks ‘ripe for further guidance’: ASIC
by Annie Kane • 20 Nov 2019
The use and regard to expenditure benchmarks is “an area that is ripe for further guidance from ASIC”, and will be... READ MORE
Louisa Sanghera

Broker calls for FHB deposit scheme caps to be lifted
by Hannah Dowling • 20 Nov 2019
A Sydney-based broker has raised concerns about the effectiveness of the price caps in the federal government’s First... READ MORE
Appointment

COG appoints new executive director
by Malavika Santhebennur • 20 Nov 2019
Equipment finance broking company Consolidated Operations Group has announced the appointment of Mark Crain as an... READ MORE

Former NAB branch manager sentenced for loan fraud
by Annie Kane • 19 Nov 2019
A former Western Sydney NAB branch manager has been sentenced to 12 months imprisonment – to be served by way of... READ MORE
MyState

‘Interest rate gap’ sending broker volumes to non-majors

by Malavika Santhebennur • 19 Nov 2019
Mortgage brokers are increasingly choosing non-major banks, with a survey showing that four in 10 brokers have written... READ MORE
NAB

NAB launches new service for broker-introduced SME customers
by Charbel Kadib • 19 Nov 2019
The major bank has announced the launch of a new service designed to bolster its proposition for broker-introduced SME... READ MORE

N1H secures $22m to fund commercial lending ambitions
by Reporter • 19 Nov 2019
The ASX-listed group has announced that it has raised over $22 million in capital to fund its commercial lending... READ MORE

Lender appoints new CEO - Nov 2019
by Charbel Kadib • 18 Nov 2019
A specialist lender has announced the appointment of a new chief executive to guide it through its next phase of... READ MORE
Shayne Elliott and Philip Chronican

Big bank CEOs deny ‘loyalty tax’ accusations
by Charbel Kadib • 18 Nov 2019
The chief executives of the big four banks have doubled down in defence of their mortgage pricing decisions after being... READ MORE
Lendi

Lendi launches loan approval predictor tool
by Hannah Dowling • 18 Nov 2019
The online brokerage has launched a new tool that provides users with “greater confidence” around the likelihood of... READ MORE
James Boyle

CEO rejects ‘one size fits all’ clawback push
by Charbel Kadib • 18 Nov 2019
The chief executive of a non-bank lender has dismissed calls for a uniformed reduction to the clawback period for... READ MORE
National home loan delinquencies

Owner-occupiers spur improvement in arrears
by Reporter • 18 Nov 2019
National home loan delinquencies have improved, with only three states reporting arrears increases, according to the... READ MORE
ASIC commissioner Sean Hughes

We’re not to blame for slower processing times: ASIC
by Charbel Kadib • 15 Nov 2019
There is no evidence to suggest that ASIC’s responsible lending guidance has increased processing times and rejection... READ MORE
First home buyers

First home buyer activity spikes ahead of deposit scheme
by Malavika Santhebennur • 15 Nov 2019
Data released by Aussie Home Loans has revealed an increase in both first home buyer enquiries and applications during... READ MORE
Liberty Financial

Brokers help bolster Liberty’s bottom line
by Charbel Kadib • 15 Nov 2019
The non-bank has released its results for the 2019 financial year, reporting a $2.5-billion increase in its loan... READ MORE
Victorian brokerage merges operations with UFinancial

Victorian brokerage merges operations with UFinancial
by Hannah Dowling • 15 Nov 2019
Melbourne-based brokerage eSelect has merged operations with financial services provider UFinancial as part of a new... READ MORE
Brisbane

Queensland leads in business lending in FY19
by Malavika Santhebennur • 14 Nov 2019
Broker-introduced commercial loans jumped significantly in Queensland in FY19 compared with all other states, according... READ MORE
Westpac

Westpac updates owner-occupied lending policy
by Charbel Kadib • 14 Nov 2019
The major bank has revised its mortgage lending policy to allow owner-occupied loans to be secured against investment... READ MORE

Consolidated Operations and CML Group to merge
by Annie Kane • 13 Nov 2019
Australia’s largest equipment finance broking company and the debtor finance specialist have announced that they... READ MORE
CBA

CEO of CBA spin-off to step down
by Charbel Kadib • 13 Nov 2019
CBA has announced that the chief executive of NewCo, its spin-off established to demerge the bank’s wealth and... READ MORE

Non-banks doubled commercial settlements in FY19
by Annie Kane • 13 Nov 2019
Non-bank lenders settled 112 per cent more broker-introduced commercial loans in FY19 than they did the year before as... READ MORE
Genworth Mortgage Insurance

Genworth revises serviceability calculator
by Reporter • 13 Nov 2019
The mortgage insurer has updated its serviceability calculator to reflect a lower interest rate floor. READ MORE
Peter White

FBAA calls for credit policy overhaul
by Reporter • 13 Nov 2019
The industry association has called on lenders to revise their lending practices, which threaten to undermine efforts... READ MORE
Pickle Money and Pepper Money

Pickle Money in trademark dispute with Pepper
by Charbel Kadib • 13 Nov 2019
Multinational non-bank lender Pepper has accused the new entrant of breaching its trademark, less than two months after... READ MORE
86 400

Neobank launches home loan offerings
by Charbel Kadib • 12 Nov 2019
Newly licensed neobank 86 400 has officially entered the mortgage market, launching a suite of home loan products... READ MORE