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‘Customer first duty’ could be extended to all in finance industry

by Reporter • 6 Sep 2018
EXCLUSIVE: The Combined Industry Forum’s proposed “customer first duty”, which will form part of its good...READ MORE

ASIC prescribes new responsible lending reform

by Reporter • 6 Sep 2018
The corporate regulator is set to introduce a new responsible lending provision, set to come into effect on 1 January... READ MORE

New tool to reduce risk and boost compliance efficiency

by Reporter • 6 Sep 2018
A leading technology provider has developed a standardised compliance tool, which aims to provide a consistent process... READ MORE

Campaign launched to ‘hero the mortgage broker’

by Reporter • 6 Sep 2018
A new radio campaign targeted at first home buyers, owner-occupiers and families has been launched to champion the... READ MORE

YBR rues ‘grossly inadequate’ takeover bid

by Reporter • 5 Sep 2018
Yellow Brick Road has issued a new plea to its shareholders, urging them to reject an off-market takeover bid from a... READ MORE

Bank to raise $20m as it prepares to merge with aggregator

by Tas Bindi • 5 Sep 2018
A Western Australian bank has announced being on track to raise $20 million from a consortium of local and... READ MORE

RBA rate cut on the cards, says broker head

by Reporter • 5 Sep 2018
The managing director of a broking group has said that he believes a future cash rate drop from the Reserve Bank is... READ MORE

RBA unveils September cash rate verdict

by • 4 Sep 2018
The Reserve Bank of Australia has announced its monthly verdict on official interest rates, amid a backdrop of some... READ MORE

Housing slump could last 2 years

by Lucy Dean • 4 Sep 2018

Sydney and Melbourne’s housing slump could continue for up to two years, economists have predicted.

READ MORE

Treasurer reveals who will take over financial services portfolio

by Reporter • 4 Sep 2018
Australia’s new federal Treasurer has revealed who will be responsible for legislation pertaining to financial... READ MORE

Lenders reduce construction offerings

by Reporter • 4 Sep 2018
Pepper Money and Homeloans Limited have made changes to their construction loan offerings, with both lenders stating... READ MORE

Over 25% of mortgagors wouldn’t qualify today: HashChing

by Reporter • 4 Sep 2018
More than a quarter of mortgagors who secured a home loan last year would not be successful today, according to four in... READ MORE

FBAA slates ‘toothless tiger’ APRA as more banks hike rates

by Reporter • 3 Sep 2018
The industry association has criticised the prudential regulator and lambasted the behaviour of the banks, accusing... READ MORE

AFCA expects to receive 50,000 complaints within first year

by Tas Bindi • 3 Sep 2018
The number of complaints to AFCA could exceed 50,000 within the first year, according to its CEO, who also stressed the... READ MORE

SME lender joins PLAN panel

by Reporter • 3 Sep 2018
GetCapital has become the latest lender to join PLAN Australia’s panel, enabling over 1,650 brokers to access its... READ MORE

Brokerage appointment to ease referral process for brokers

by Reporter • 3 Sep 2018
A major brokerage has announced a “strategic appointment” designed to simplify the referral process for its... READ MORE

Brokers well positioned to demystify reverse mortgages

by Tas Bindi • 31 Aug 2018
A review by ASIC found that more could be done to ensure seniors understand the risks and benefits of reverse... READ MORE

New virtual ID verification tool for brokers launches

by Reporter • 31 Aug 2018
An Australian law practice has announced the launch of a new digital verification of identity (VOI) solution for... READ MORE

Residential approvals ‘down sharply’, commercial approvals...

by Reporter • 31 Aug 2018
Total dwelling approvals dropped by 5.6 per cent in the year to July 2018, the weakest year-on-year result since August... READ MORE

Brokers encouraged to ‘proactively’ develop business culture

by Reporter • 31 Aug 2018
A NAB general manager and the CEO of an aggregator have highlighted the importance of cultural development in a broking... READ MORE

Brokers called to action as rates spike

by Reporter • 30 Aug 2018
In wake of Westpac’s decision to hike home loan rates, the Finance Brokers Association of Australia has called on... READ MORE

Lenders to ‘pare back’ scrutiny following ‘gross overreaction’

by Reporter • 30 Aug 2018
Lenders will “pare back” their scrutiny of home loan applications when the financial services royal commission... READ MORE

YBR running at a loss amid ‘structural shift’

by Reporter • 30 Aug 2018
Yellow Brick Road has posted a net loss in its full-year financial results, with the group also reporting that its... READ MORE

New Prime Minister gets brokers, says FBAA head

by Tas Bindi • 30 Aug 2018
Former Treasurer turned Prime Minister Scott Morrison is on the side of finance brokers, according to the executive... READ MORE

Major bank responds to PC’s broker recommendations

by Reporter • 29 Aug 2018
An executive from a big four bank has weighed in on recommendations outlined in the Productivity Commission’s final... READ MORE

CIF chairman reaffirms industry support for brokers

by Reporter • 29 Aug 2018
The chairman of the Combined Industry Forum has sought to reassure brokers of the cross-industry support they garner,... READ MORE

Brokers needed ‘more than ever’

by Reporter • 29 Aug 2018
The services of mortgage brokers are needed more than ever to assist clients in the wake of ongoing political and... READ MORE

CIF to propose ‘customer first duty’ for brokers

by Reporter • 28 Aug 2018
The Combined Industry Forum has agreed “in principle” to extend its good consumer outcomes requirement to... READ MORE

Non-bank lender adopts tech platform

by Reporter • 28 Aug 2018
A mortgage lender has adopted a digital platform that it has said would “deliver a superior experience” to... READ MORE

Broker expectations strong despite market challenges

by Reporter • 28 Aug 2018
Softening market conditions and a tighter regulatory environment have not dampened the growth expectations of mortgage... READ MORE
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