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Bank reports ‘double system’ mortgage growth

by Charbel Kadib • 9 Oct 2018
A non-major lender has attributed over $500 million in mortgage portfolio growth to a shift in demand away from the big...READ MORE

Open banking could make expense checks easier for brokers

by Tas Bindi • 9 Oct 2018
Brokers will be one of the many beneficiaries of the comprehensive credit reporting and open banking regimes,... READ MORE

ASIC permanently bans former NAB branch manager

by Charbel Kadib • 8 Oct 2018
The corporate regulator has announced that it has banned a former NAB branch manager for accepting false documentation... READ MORE

Hayne questions broker accreditation

by Reporter • 8 Oct 2018
Commissioner Ken Hayne has questioned whether accreditation requirements skew the relationship between brokers and... READ MORE

Broker opportunities building up in SME market

by Tas Bindi • 8 Oct 2018
As residential lending slows, the greatest opportunities for brokers will emanate from the SME market, according to... READ MORE

MFAA reveals its thoughts on RC report

by Reporter • 5 Oct 2018
The broker association has outlined its thoughts on the royal commission interim report, noting that issues raised... READ MORE

Bank partners with MSA National

by Reporter • 5 Oct 2018
A non-major lender has announced its partnership with the mortgage documentation and settlements services... READ MORE

Royal commission questions longevity of HEM

by Reporter • 5 Oct 2018
The use of the Household Expenditure Measure as a benchmark for borrowers’ living expenses has been called into... READ MORE

Latitude announces new chief executive

by Eliot Hastie • 5 Oct 2018
Latitude Financial Services has announced that it has appointed a new managing director and chief executive officer,... READ MORE

Rising mortgage costs to impact affordability: PIMCO

by Reporter • 5 Oct 2018
Despite falls in house prices over the last year, rising mortgage costs will continue to impact affordability,... READ MORE

Broker couple charged for NCCP breaches

by Reporter • 4 Oct 2018
A couple have been charged with breaching a banning order and providing false home loan documentation to a bank,... READ MORE

Banker incentives a ‘significant cause’ of misconduct: RC

by Reporter • 4 Oct 2018
An incentive program run by a major bank, which rewards bankers with bonuses for achieving home loan sales targets,... READ MORE

Non-majors drop interest rates

by Reporter • 4 Oct 2018
An online lender and a mutual bank have announced that they will be reducing interest rates on some of their home loan... READ MORE

Suncorp appoints new board member

by Reporter • 4 Oct 2018
Ian Hammond, a non-executive director of Perpetual Limited and former audit partner with PwC, has been appointed to the... READ MORE

Commissions ‘might’ breach NCCP: RC

by Reporter • 3 Oct 2018
Lenders paying value-based upfront and trail commissions to mortgage brokers could be in breach of their legal... READ MORE

ASIC mortgage reports due next year

by Reporter • 3 Oct 2018
The corporate regulator has revealed that it will publish the findings of its home loan shadow shopping exercise and... READ MORE

September property price fall caps off 12-month decline

by Reporter • 3 Oct 2018
National property prices have fallen for the 12th consecutive month as a result of a “substantial drag-down effect”... READ MORE

RBA reveals October cash rate

by Reporter • 2 Oct 2018

The central bank has announced its cash rate decision for October following its monthly board meeting.

READ MORE

Aussie fell below community standards: RC

by Reporter • 2 Oct 2018
Aussie Home Loans’ response to misconduct by four of its brokers “fell below community standards and... READ MORE

Finance industry vows to do more

by Reporter • 2 Oct 2018
The Treasurer and members of the industry have released their initial reactions to the royal commission’s interim... READ MORE

Sydney worse for wear in mortgage sensitivity test

by Reporter • 2 Oct 2018
Moody’s Investors Service has undertaken a “sensitivity test” which has outlined the impact that changes in... READ MORE

Nearly half of FHBs put off by loan process

by Reporter • 1 Oct 2018
Forty-eight per cent of first home buyers have put off buying a home because the application process is “too... READ MORE

WA schools adopt broker-led financial literacy program

by Reporter • 1 Oct 2018
A financial literacy program founded by Queensland broker Mhairi MacLeod has been taken up by more than 80 schools,... READ MORE

Royal commission releases interim report

by Reporter • 28 Sep 2018
The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE

‘Upsetting’ the broker model ‘wouldn’t be wise’: Bank CEO

by Reporter • 28 Sep 2018
The broking industry has been a “game-changer” in the Australian mortgage market, and changes that would... READ MORE

Consumer NZ calls for ban on broker commissions

by Tas Bindi • 28 Sep 2018
The New Zealand consumer advocacy organisation has recommended that commission payments to mortgage brokers be... READ MORE

Royal commission escalated FOS complaints

by Tas Bindi • 28 Sep 2018
A record number of disputes were reported to the FOS in FY18, partly due to heightened attention on the industry... READ MORE

Brokers ‘doing more work than ever’

by Reporter • 28 Sep 2018
The increased scrutiny on expenses and a reducing risk appetite from the banks has led to brokers doing “more work... READ MORE

Former NAB introducer escapes prison sentence

by Reporter • 27 Sep 2018
A Melbourne-based photocopier technician has been fined and will serve 125 hours of community service after he was... READ MORE

FinTech Australia CEO steps down

by Reporter • 27 Sep 2018
Brad Kitschke has resigned from his position as CEO of FinTech Australia citing health reasons, with the peak body... READ MORE
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