Mortgage and Finance Brokers Breaking News - The Adviser

ASIC to release guidance around best interests duty

by Annie Kane • 8 Nov 2019

A senior manager at ASIC has confirmed that the regulator will launch a public consultation on its draft guidance... READ MORE

AFCA reveals broker share of customer complaints

by Hannah Dowling • 8 Nov 2019

AFCA’s new online comparison tool has revealed that brokers make up only a small pool of total complaints filed over... READ MORE

Broker volume softens hit to NAB’s mortgage book

by Charbel Kadib • 8 Nov 2019

A $4.1-billion increase in the value of NAB’s on-balance sheet loans originated by the third-party channel has helped... READ MORE

Finsure reports volume spike, launches new CRM

by Reporter • 8 Nov 2019

The mortgage aggregator has kicked off the 2020 financial year with record settlement growth and the launch of a new... READ MORE

SME lender acquired by CML Group

by Annie Kane • 7 Nov 2019

Non-bank debtor finance specialist CML Group has officially completed its acquisition of asset and working capital... READ MORE

Lender withdraws mortgage pre-approval process

by Charbel Kadib • 7 Nov 2019

A non-major bank has announced that it will no longer accept pre-approval applications from mortgage customers. READ MORE

Major bank revises HEM calculator for investors

by Charbel Kadib • 7 Nov 2019

The major bank has changed the way in which it determines HEM bands for customers, in a move which it has claimed... READ MORE

BOQ expands third-party team

by Hannah Dowling • 7 Nov 2019

The non-major bank has welcomed two new additions to its broker support team this week. READ MORE

Suncorp lowers fixed rates

by Hannah Dowling • 7 Nov 2019

The non-major has lowered fixed rates by up to 40 basis points for residential lending, effective 8 November. READ MORE

Bluestone replaces suite, breaks into prime

by Annie Kane • 6 Nov 2019

The non-bank lender has replaced its entire product suite with four products and announced its official move into prime... READ MORE

Auswide suspends mortgage pre-approvals

by Charbel Kadib • 6 Nov 2019

The non-major has ceased accepting pre-approval applications until further notice. READ MORE

Loan market expands lender panel

by Hannah Dowling • 6 Nov 2019

The major brokerage has introduced a new lender to its panel, partnering with a non-major lender to bring its total... READ MORE

Cup-day cash rate revealed

by Charbel Kadib • 5 Nov 2019

The Reserve Bank has announced its cash rate decision for the month of November. READ MORE

Bank merger officially comes into effect

by Annie Kane • 5 Nov 2019

Two member-owned institutions have officially merged after receiving regulatory approval, creating one of the largest... READ MORE

‘Clunky’ HEM tool slashed broker volumes: Westpac

by Charbel Kadib • 5 Nov 2019

The major bank has conceded that the introduction of an unpopular expense verification tool contributed to a sharp... READ MORE

Consultation opens for new Business Growth Fund

by Hannah Dowling • 5 Nov 2019

The federal government has launched a consultation on the draft legislation for the new Australian Business Growth... READ MORE

AFCA appoints COO

by Hannah Dowling • 5 Nov 2019

The complaints body has announced the appointment of its new chief operating officer, effective 2 December. READ MORE

CBA stands firm as peers slip in mortgage market

by Charbel Kadib • 4 Nov 2019

Three of the big four banks have reported contractions in their mortgage books over the September quarter, according to... READ MORE

Brokers urged to help SMEs prepare for Christmas pinch

by Hannah Dowling • 4 Nov 2019

Two-thirds of small business owners feel stressed during the holiday period, largely due to cash flow problems, which... READ MORE

AFCA awards $185m in compensation

by Hannah Dowling • 4 Nov 2019

The complaints body has awarded $185 million in compensation to consumers in its first 12 months of operation, with... READ MORE

NAB announces home loan fee waiver

by Malavika Santhebennur • 4 Nov 2019

A major bank has issued an update about fee removals and waivers across some of its home loan products for new... READ MORE

Battle for clawback reform ‘not over yet’

by Charbel Kadib • 1 Nov 2019

The broking industry is determined to push through changes to clawback arrangements, after successfully negotiating... READ MORE

Non-bank lender launches SME loans platform

by Malavika Santhebennur • 1 Nov 2019

An SME lending platform has launched a tool to help finance brokers better source loans for small businesses. READ MORE

Virgin Money slices fixed rates by up to 20 bps