Mortgage and Finance Brokers Breaking News - The Adviser

Mortgage protection should be the ‘cornerstone’ of financial...

by Hannah Dowling • 21 Oct 2019

Last week, at The Adviser’s EU Study Tour, Australian brokers were exposed to a range of international perspectives... READ MORE

Treasury takes net of offset standardisation off the table

by Charbel Kadib • 18 Oct 2019

The industry will need to self-regulate in order to standardise the calculation of net of offset payments, with... READ MORE

CBA reaping rewards of home lending bounce

by Malavika Santhebennur • 18 Oct 2019

The major bank’s CEO, Matt Comyn, told the AGM that there is an “abundance” of housing credit available, as the... READ MORE

TMB reduces fixed and variable rates

by Hannah Dowling • 18 Oct 2019

The mutual bank has announced reductions of between 10 and 25 basis points across its loan offerings for both... READ MORE

Women urged to take control of their finances

by Malavika Santhebennur • 18 Oct 2019

Women need to prioritise budgeting and saving as soon as they join the workforce to avoid financial stress in the... READ MORE

Trail ‘at risk’ in best interests duty bill

by Charbel Kadib • 17 Oct 2019

Draft regulations in the government’s best interests duty bill could, in practice, prohibit the payment of trail... READ MORE

One in five consumers to switch banks

by Hannah Dowling • 17 Oct 2019

With open banking due to be introduced in February 2020, Deloitte studied how consumers are likely to react to the... READ MORE

Mortgage Choice seeks to grow advice network

by Malavika Santhebennur • 17 Oct 2019

The broking franchise group wants to capitalise on the rapid change facing the advice sector and expand its financial... READ MORE

SMEs weighed down by ATO repayment plan

by Malavika Santhebennur • 17 Oct 2019

Research from Sail Finance has revealed that most finance brokers believe the ATO’s repayment plan for small... READ MORE

Aussie calls for prescription in best interests duty

by Charbel Kadib • 16 Oct 2019

The broking franchise group has called on Treasury to introduce prescriptive subordinate regulations for matters where... READ MORE

Disclosure ‘not the silver bullet’ for consumer protection

by Charbel Kadib • 16 Oct 2019

ASIC has released a new report into the effectiveness of financial product disclosure, in which it has sought to debunk... READ MORE

ME joins uno’s lender panel

by Malavika Santhebennur • 16 Oct 2019

The non-major has joined an online mortgage broker’s lender panel. READ MORE

Heritage Bank drops floor rate

by Reporter • 16 Oct 2019

The member-owned bank has announced a second cut to its interest rate floor for mortgage serviceability assessments. READ MORE

Learnings from the EU Study Tour

by Annie Kane • 15 Oct 2019

The Adviser’s EU Study Tour 2019 took place in Dublin, Ireland, last week, looking at how European regulation,... READ MORE

FBAA backs new mortgage pricing inquiry

by Charbel Kadib • 15 Oct 2019

The head of the FBAA has expressed strong support for the ACCC’s new inquiry into mortgage pricing, stating that... READ MORE

Brokers the ‘first line of defence’ for application accuracy

by Hannah Dowling • 15 Oct 2019

In a post-royal commission environment, brokers are labelled the “first line of defence” for financial application... READ MORE

Loan Market appoints new state director

by Reporter • 15 Oct 2019

The broking franchise group has announced the appointment of a state director to lead its operations in Victoria and... READ MORE

CBA, Westpac lose ground in broker space

by Charbel Kadib • 14 Oct 2019

The major banks’ share of the third-party channel has dwindled over the past quarter, according to new data from... READ MORE

Aussie broker volumes bounce

by Charbel Kadib • 14 Oct 2019

The broking franchise has reported a sharp rise in home loan settlements, particularly via both the first home buyer... READ MORE

Broker launches ‘home loans for the homeless’

by Hannah Dowling • 14 Oct 2019

A Sydney-based brokerage has announced a new initiative to help provide 10,000 nights of shelter to homeless families... READ MORE

One-man broker firms untenable

by Malavika Santhebennur • 14 Oct 2019

A Sydney-based broker opines that broker firms need a team of brokers to operate efficiently as home loan applications... READ MORE

Mortgagors most likely to seek product switch

by Hannah Dowling • 11 Oct 2019

Home loan account holders are more likely to seek financial assistance than holders of other financial products, a new... READ MORE

Non-bank lender launches new loan product

by Malavika Santhebennur • 11 Oct 2019

A non-bank lender has announced that it is piloting a new loan product that will enable small businesses access to... READ MORE

AMP merges banking and wealth division, bank CEO steps down

by Charbel Kadib • 11 Oct 2019

The financial services giant has announced the merger of its banking and wealth divisions following the resignation of... READ MORE