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CBA’s head of broker becomes CEO of Smartline
by Reporter • 24 Jul 2018
The Commonwealth Bank of Australia’s head of third-party banking is to leave his role at the big four bank...READ MORE
Mortgage Choice expected to grow despite ‘challenges’: Morningstar
by Reporter • 24 Jul 2018
Mortgage Choice is expected to increase its franchise network despite facing challenges in recent years that have... READ MORE
‘Brokers make mortgage markets work better’: Deloitte
by Reporter • 24 Jul 2018
Mortgage brokers “make mortgage markets work better”, increase choice and competition between lenders, and help... READ MORE
More lenders succumb to funding pressures
by Reporter • 24 Jul 2018
Two lenders have joined the list of non-majors to announce out-of-cycle rate hikes on their home loan products,... READ MORE
Finance brokerage partners with financial group
by Reporter • 24 Jul 2018
Cardena Private Wealth has commenced a partnership with brokerage Thyme Financial Group, which will give the... READ MORE
Topics of fifth round of RC hearings revealed
by Reporter • 23 Jul 2018
The financial services royal commission’s fifth round of hearings is set to explore the extent to which registrable... READ MORE
‘Keep an eye on Australia’s mini credit crunch’: Deloitte
by James Mitchell • 23 Jul 2018
A new report from the professional services giant warns that tighter credit could create problems for NSW and... READ MORE
Building activity set to be a ‘drag’ on the economy
by Tas Bindi • 23 Jul 2018
Building commencements will experience the steepest fall since the 2008 global financial crisis from next year,... READ MORE
Non-bank aims to fill void in low doc space
by Reporter • 23 Jul 2018
A non-bank lender has reinforced its commitment to low doc lending amid withdrawals from the space by some traditional... READ MORE
Public will be able to respond to RC interim report
by Reporter • 20 Jul 2018
The public will be invited to respond to Commissioner Hayne’s interim report from the financial services royal... READ MORE
Government consults on bill to boost ASIC powers
by Reporter • 20 Jul 2018
A second round of consultation has launched on draft legislation that will give ASIC powers to intervene should a... READ MORE
Credit environment is creating a ‘new normal’: AFG
by Reporter • 20 Jul 2018
The CEO of the major aggregator has said that regulation and tighter credit conditions have created a “new normal”... READ MORE
ASIC looks to monitor ‘actual’ customer outcomes
by Reporter • 20 Jul 2018
Collecting and sharing more data on “actual consumer outcomes” will be a “game-changer” in improving... READ MORE
Fixed rates could be making a comeback: Mortgage Choice
by Reporter • 20 Jul 2018
Borrowers are starting to gravitate towards fixed rate loans, the latest data from Mortgage Choice suggests.
READ MORE
Non-majors lift rates, majors expected to ‘follow suit’
by Reporter • 20 Jul 2018
As more non-major lenders announce increases to their variable rate home loan product, one economist is expecting the... READ MORE
Ping pong unites industry
by Reporter • 20 Jul 2018
More than 30 people from 25 organisations, including The Adviser’s own Jordan Coleman, came together to participate... READ MORE
ASIC calls for an end to the blame game
by Reporter • 19 Jul 2018
Financial services entities will no longer have the opportunity to “shift blame” when instances of wrongdoing are... READ MORE
Education on credit flagged as better alternative to more regulation
by Reporter • 19 Jul 2018
Improving borrower education on credit and debt, including potentially bringing in exams for those looking to take on... READ MORE
Bank closes branches and ‘prioritises’ brokers
by Reporter • 18 Jul 2018
A non-major lender has said that it will close nearly 30 branches, affecting nearly 200 staff, as it “prioritises its... READ MORE
$2bn of broker commissions in fintech’s crosshairs
by Reporter • 18 Jul 2018
An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to... READ MORE
RC inquiry paralysing the broking industry
by Reporter • 18 Jul 2018
According to a Victoria-based mortgage broker, the financial services royal commission has thwarted his plans to... READ MORE
CBA dominates advice: Roy Morgan
by James Mitchell • 18 Jul 2018
Fresh research from Roy Morgan has found that CBA is the most used bank by Australians who seek out the services of a... READ MORE
AFM appoints new head of mortgage distribution
by Reporter • 17 Jul 2018
The mortgage manager has announced that it has appointed a former Future Financial and Better Choice Home... READ MORE
Bankwest focuses on broker training amid accreditation changes
by Reporter • 17 Jul 2018
Bankwest’s general manager of third party has said that the bank is putting “extra assets” into training of... READ MORE
Former Liberal staffer to replace Harris as PC chair
by Tas Bindi • 17 Jul 2018
The government has announced that Productivity Commission chair Peter Harris will not renew his contract in September... READ MORE
ING enters personal loan space
by Reporter • 16 Jul 2018
The non-major lender has entered the personal loan space in Australia for the first time, rolling out an unsecured,... READ MORE
TMB raises fixed rates amid ‘market pressures’
by Reporter • 16 Jul 2018
Teachers Mutual Bank has announced rate changes to selected fixed rate home loan products across all of its brands, as... READ MORE
Bank announces broker accreditation changes
by Reporter • 16 Jul 2018
A subsidiary of a major lender has announced changes to its accreditation requirements for new brokers, which it has... READ MORE
Brokerage CEO slams RC and PC inquiries
by Reporter • 16 Jul 2018
The CEO of a major brokerage is “disturbed” by the lack of “research” undertaken by the financial services... READ MORE
FBAA calls out media ‘myths’ on broking
by Reporter • 13 Jul 2018
The Finance Brokers Association of Australia has urged brokers to warn borrowers about “DIY home loans” and... READ MORE
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