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Non-bank lender acquires competitor
by Reporter • 16 Aug 2018
A Perth-based non-bank lender has assumed control of a domestic competitor, in a move designed to help it...READ MORE
Private lenders ‘consolidating’ as market tightens
by Reporter • 16 Aug 2018
There has been a “consolidation in the private lending market” as the residential property market tightens, a... READ MORE
Sydney 8th most overpriced global property market
by Reporter • 15 Aug 2018
Sydney has been known by many to be a rather unaffordable market, but new research indicates just how overpriced the... READ MORE
‘I think we're going to keep trail,’ says brokerage head
by Reporter • 15 Aug 2018
The executive chairman of Loan Market has said that he believes the government will seek to retain trail commissions... READ MORE
Removing trail could ‘decimate’ regional brokers
by Tas Bindi • 15 Aug 2018
Removing trail commission would “decimate” mortgage brokers operating in regional and rural areas, a... READ MORE
PC changes could ‘greatly erode’ broker proposition, warns broker
by Reporter • 14 Aug 2018
The removal of trail commission would undermine the broker proposition, reduce competition in the financial sector and... READ MORE
NAB profits boost despite ‘challenging’ environment
by Reporter • 14 Aug 2018
The major bank has reported third quarter profit growth, despite rising regulatory costs, and a “challenging... READ MORE
Expenses probed as regional bank takes loans from majors
by Reporter • 14 Aug 2018
A non-major lender has said that it was the “recipient of increased flows” off the back of tighter serviceability... READ MORE
Major aggregator offers living expense resource to all brokers
by Reporter • 14 Aug 2018
One of Australia’s largest aggregators has launched a new living expense assessments e-book to assist brokers to... READ MORE
Opinion: Who will survive the royal commission?
by James Mitchell • 14 Aug 2018
When the media circus surrounding the Hayne royal commission finally dies down, the financial services industry faces... READ MORE
ASIC warns lenders not to outsource responsibility to brokers
by Reporter • 13 Aug 2018
The corporate regulator has reiterated its view that lenders should be held accountable for breaches of responsible... READ MORE
Property group posts $29.3m third-party revenue
by Reporter • 13 Aug 2018
A property group has delivered growth through its financial services division off the back of its investments in the... READ MORE
Non-bank lender posts record settlements
by Reporter • 13 Aug 2018
A non-bank lender has seen a 96 per cent increase in applications and 153 per cent rise in settlements, as it continues... READ MORE
Banks agree to fortify fraud protection systems
by Reporter • 10 Aug 2018
Five Australian lenders have agreed to improve their compliance measures and controls for third-party access to deposit... READ MORE
Bank lauds broker contribution, supports PC ‘changes’
by Reporter • 10 Aug 2018
“Stronger broker partnerships” have helped drive above system home lending growth, a non-major lender has noted,... READ MORE
‘Women need to talk about money’, says ASIC
by Reporter • 10 Aug 2018
The financial services regulator has urged women to talk about money and financial experiences as part of its push to... READ MORE
Mutual lender adopts digital platform for brokers
by Reporter • 10 Aug 2018
A mutual lender has adopted NextGen.Net’s ApplyOnline platform for e-lodgements, as it renews its push into retail... READ MORE
Bank releases ‘rate tracker’ credit card
by Reporter • 9 Aug 2018
A non-major bank has launched a “ground breaking” credit card whose interest rate is tied to the official cash... READ MORE
CBA’s broker loans fall as it focuses on ‘core market’
by Reporter • 9 Aug 2018
The number of broker-originated loans as a proportion of all new business settled by the major bank has dropped... READ MORE
AMP’s half-year profit plunges but mortgages grow
by Tas Bindi • 9 Aug 2018
The wealth giant has reported a 74 per cent decline in first-half net profit due to a series of impairments incurred... READ MORE
Australia’s leading female mortgage brokers revealed
by Reporter • 9 Aug 2018
Several leading mortgage brokers and professionals in the mortgage and finance industry have been announced as... READ MORE
Calls for more housing as population surpasses 25m
by Reporter • 8 Aug 2018
As Australia’s population surpasses the 25 million milestone for the first time, the Housing Industry Association has... READ MORE
PC calls for ‘integrity officer’ to monitor commission payments
by Reporter • 8 Aug 2018
The federal government should mandate the appointment of a “principal integrity officer” to oversee the “risks... READ MORE
Real estate platform adds home loan offering
by Reporter • 8 Aug 2018
Australian DIY real estate platform buyMyplace has expanded its service offering to include a mortgage and... READ MORE
APRA curbs cost taxpayers $500m
by Sasha Karen • 7 Aug 2018
APRA’s macro-prudential curb on investor lending has cost taxpayers an estimated $500 million, according to the... READ MORE
RBA reveals August cash rate
by Reporter • 7 Aug 2018
The Reserve Bank of Australia has today announced the official cash rate for August following its monthly board... READ MORE
Removal of trail would reduce competition, warns AFG
by Reporter • 7 Aug 2018
Abolishing trailing commissions for mortgage brokers would reduce competition, drive up home loan rates and make banks... READ MORE
Comparison sites ‘do not necessarily provide good advice’: PC
by Tas Bindi • 7 Aug 2018
Financial services comparison sites “do not necessarily provide good advice” to customers and often operate on... READ MORE
Broker head leaves bank to launch consultancy business
by Reporter • 6 Aug 2018
Michael Trencher, the head of broker distribution at Heritage Bank, has left the bank to set up his own coaching and... READ MORE
More customers asking for smaller banks: Survey
by Reporter • 6 Aug 2018
A new survey has found that 70 per cent of brokers have experienced an increase in the number of clients requesting... READ MORE
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