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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
AFCA responds to EDR membership concerns
by Tas Bindi • 27 Aug 2018
The Australian Financial Complaints Authority (AFCA) has responded to confusion around the ability of new-to-industry... READ MORE
CEO warns against ‘dangerous’, ‘knee-jerk’ broking reform
by Reporter • 27 Aug 2018
The head of a major broking group has joined fellow industry leaders in calling for a considered approach to reform,... READ MORE
Non-bank lender reports 60% profit increase in FY18
by Reporter • 27 Aug 2018
Homeloans Ltd has reported a 60.1 per cent increase in statutory net profit after tax in the 2018 financial year,... READ MORE
New PM appointed to replace Turnbull
by Reporter • 24 Aug 2018
Malcolm Turnbull has been deposed by the Liberal Party, with a new Prime Minister set to assume office.
READ MORE
New brokers ‘locked out’ under EDR confusion
by Reporter • 24 Aug 2018
EXCLUSIVE: Concerns have been raised that new-to-industry brokers are being left in limbo and unable to write business... READ MORE
Former Homeloans chairman to step down from board
by Reporter • 24 Aug 2018
The non-bank lender has announced that its former chairman has stepped down its board, set to come into effect... READ MORE
Perth sees rise in million-dollar houses
by Reporter • 24 Aug 2018
Data from the Real Estate Institute of Western Australia (REIWA) shows that there has been a steady increase in the... READ MORE
New marketplace aims to help borrowers determine realistic rates
by Reporter • 24 Aug 2018
A financial services comparison site has announced the launch of a new marketplace aimed at helping borrowers find out... READ MORE
What the broker of the future could look like
by Reporter • 23 Aug 2018
Brokers should be “thinking of ways of working smarter, not necessarily harder”, a veteran broker has suggested,... READ MORE
Opinion: What will happen to YBR?
by James Mitchell • 23 Aug 2018
Following Mercantile OFM’s low-ball takeover bid for Yellow Brick Road, we consider what the future holds for the... READ MORE
Mortgage Choice at the ‘crossroads’ but ‘not in turmoil’:...
by Reporter • 23 Aug 2018
The major brokerage is entering a decisive period as it “resets” its business model in a “rapidly changing... READ MORE
25 bps rate hikes ‘could become a way of life’
by Reporter • 23 Aug 2018
Large mortgage rate increases, such as CUA’s recent 25 basis point hike, could become a “way of life” when the... READ MORE
Brokerage CEO ‘encouraged’ by PC report
by Reporter • 22 Aug 2018
The head of a major brokerage is “encouraged” by the revisions made in the Productivity Commission’s final report... READ MORE
Former MFAA head slams call to remove trail
by Reporter • 22 Aug 2018
We need to “heed the lessons” from the United States, Canada, the United Kingdom and New Zealand before attempting... READ MORE
Marketplace lender looks to expand into broker channel
by Reporter • 22 Aug 2018
Personal loan fintech SocietyOne is looking to strengthen its relationship with the broker channel, in a bid to see up... READ MORE
‘No strong case’ for adjustment to monetary policy
by Reporter • 22 Aug 2018
The board of the Reserve Bank of Australia has said that there is no “strong case” for a near-term adjustment in... READ MORE
Planners ‘warmly welcome’ PC call to broaden credit advice
by Reporter • 21 Aug 2018
A financial planning industry association has “warmly welcomed” the Productivity Commission’s recommendation to... READ MORE
Mercantile offers YBR takeover deal
by Reporter • 20 Aug 2018
An investment company has offered Yellow Brick Road an off-market takeover bid to acquire all of the ordinary shares in... READ MORE
Board changes for mortgage insurer
by Reporter • 20 Aug 2018
Genworth has announced that two of its board members are to retire at the end of the month, with a former GM of MLC and... READ MORE
Brokerage launches pathway program for senior students
by Reporter • 20 Aug 2018
Senior high school students who wish to develop their financial skills will be offered internships as part of a pathway... READ MORE
Strong broking industry ‘fundamental’ to competition: Bank CEO
by Reporter • 20 Aug 2018
A strong mortgage broking industry is “incredibly critical” to the Australian public, the economy and competition... READ MORE
Bouris calls for voice-activated recording app for brokers
by Tas Bindi • 20 Aug 2018
A new voice-activated app enabling brokers to record and store conversations with clients should be developed to help... READ MORE
Brokers should focus on advice, not admin: HashChing
by Tas Bindi • 20 Aug 2018
Brokers should remember that advice is their “key currency” and should reduce time spent on low-value... READ MORE
Tightening of credit ‘not an overreaction’: RBA
by Reporter • 17 Aug 2018
The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit,... READ MORE
Home loan arrears ‘remain elevated’: S&P
by Reporter • 17 Aug 2018
Arrears on prime residential mortgage have “remain elevated” while delinquencies on non-conforming home loans... READ MORE
New loan product launches for brokers
by Reporter • 17 Aug 2018
A business financier for financial professionals has announced that it has launched a new, multi-redraw facility... READ MORE
Borrowers flocking to fixed rates amid rate hikes
by Reporter • 17 Aug 2018
Mortgage holders are increasingly looking to lock in a fixed rate to avoid further out-of-cycle interest rate hikes,... READ MORE
Government will likely reject PC’s trail recommendation: Bouris
by Tas Bindi • 16 Aug 2018
The recommendation to abolish trail is unlikely to be implemented by the current government, according to the head of... READ MORE
Extending credit advice to planners is ‘pro-competitive’: PC
by Reporter • 16 Aug 2018
Allowing financial planners to offer credit advice would provide consumers with greater choice, drive innovation and... READ MORE
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