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Non-major reshuffles executive team
by Reporter • 10 May 2018
A regional bank has announced changes to its executive team, which include the appointment of a new chief operating...READ MORE
Regulators are ‘funded for action’ against industry
by Reporter • 10 May 2018
Following the release of the 2018 federal budget, FBAA has warned that regulators now have a government-funded war... READ MORE
Brokerage boss slams ‘rubbish’ budget, ‘lazy’ politicians
by James Mitchell • 10 May 2018
The head of a mortgage broking and financial planning group believes that the 2018 Federal Budget will be spent on... READ MORE
DomaCom crowdfunds $1.6m mortgage-backed loan
by Tas Bindi • 10 May 2018
A financial advisory firm has raised $1.6 million via a fractional investment platform to fund a mortgage-backed... READ MORE
Brokers expecting non-major share to rise
by Reporter • 9 May 2018
Over 95 per cent of mortgage brokers are expecting to write more home loans for non-major lenders, according to a new... READ MORE
Ensurance to ‘dispose’ of Australian retail brokerage
by Annie Kane and Charbel Kadib • 9 May 2018
The board of Ensurance Limited has announced that it will adopt a “new strategic direction” and seek to “dispose... READ MORE
New Macquarie-backed player enters mortgage market
by Reporter • 9 May 2018
A new fintech founded by two former NAB executives has received $15 million from major investors to facilitate its... READ MORE
Budget 2018–19 released
by Reporter • 8 May 2018
The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new... READ MORE
New School Entrepreneurs Program rolled out to brokers
by Reporter • 8 May 2018
Brokers are being urged to take up a new School Entrepreneurs Program that teaches school pupils and young adults... READ MORE
Regional bank invests $25m in P2P lender
by Reporter • 8 May 2018
Bendigo and Adelaide Bank Limited has agreed to provide a $25 million facility to fund existing and future loans in a... READ MORE
Bank apologises for failing to adequately warn of rate change
by Reporter • 8 May 2018
A non-major bank has apologised to customers and said that it is working to reimburse around 2,500 mortgagors affected... READ MORE
New software aims to help brokers prepare for tougher lending
by Tas Bindi • 8 May 2018
Financial services software provider CashDeck has released software to help brokers and borrowers prepare for tougher... READ MORE
Regional bank announces BDM departure
by Reporter • 8 May 2018
A non-major lender has announced the departure of its business development manager.
READ MORE
P2P lender joins Finsure and LoanKit panels
by Reporter • 7 May 2018
Peer-to-peer lender RateSetter has joined the panel of Finsure and LoanKit, giving accredited brokers access to its... READ MORE
Advantedge requires paper copy signatures in NSW
by Reporter • 7 May 2018
The wholesale funder and distributor of white label home loans has announced that, as of today, it will require NSW... READ MORE
REA Group to acquire property analytics company for $130m
by Staff Reporter • 7 May 2018
The digital advertising company and owner of realestate.com.au has entered into an agreement to acquire Hometrack... READ MORE
ING Australia welcomes Perpetual director to board
by Staff Reporter • 7 May 2018
ING Australia has appointed finance industry veteran Nancy Fox to its board of directors.
READ MORE
Call to end ‘unconscionable’ stamp duty ‘profiteering’
by Reporter • 4 May 2018
A real estate group has called for stamp duty reform, accusing the NSW government of ignoring the damage caused by... READ MORE
Opinion: Scrutiny, regulation and the looming credit crunch
by James Mitchell • 4 May 2018
I’ve said before that the next downturn will, ironically, be triggered by regulation. Recent developments show that... READ MORE
‘If brokers aren’t there helping consumers, who is?’: AFG
by Reporter • 4 May 2018
The head of a major aggregator has emphasised that “broader consideration” is needed on any wholesale changes to... READ MORE
Brokers originate $102.8bn for major bank
by Reporter • 3 May 2018
A big four bank has reported a $10.3 billion increase in mortgages settled through the third-party channel.
READ MORE
Bank extends tenure of CEO and MD
by Reporter • 3 May 2018
The board of MyState Limited has extended the tenure of its current managing director and chief executive... READ MORE
Bank scandals to impact mortgage lending: RBA
by James Mitchell • 3 May 2018
Reserve Bank governor Philip Lowe has warned that the recent public scrutiny of the banks will lead to even tighter... READ MORE
Tighter expense requirements to further slow lending: ANZ CEO
by Reporter • 3 May 2018
ANZ's chief executive officer confirms that lending will likely slow further off the back of tighter expense... READ MORE
AMP faces fourth shareholder class action
by Reporter • 3 May 2018
A fourth class action is being lined up against financial services giant AMP, as boutique law firm Phi Finney McDonald... READ MORE
NAB launches DocuSign for broker channel
by Reporter • 2 May 2018
The big four bank has become the first major lender to launch DocuSign in the broker channel, allowing customers to... READ MORE
Mortgage broking needs to reform: ANZ CEO
by Reporter • 2 May 2018
Issues concerning conflicts of interest and poor incentive structures in the broking industry must be resolved through... READ MORE
Treasurer calls for all boards to review culture
by Reporter • 1 May 2018
APRA’s damning report on CBA’s culture and governance should be “required reading” for all boards in... READ MORE
New cash rate record reached
by Reporter • 1 May 2018
The Reserve Bank of Australia has announced the official cash rate for May, setting a new record.
READ MORE
Senator slams ASIC amid ‘shameful disclosures’
by Reporter • 1 May 2018
South Australian senator Rex Patrick is calling for ASIC’s new chair, James Shipton, to provide the public with a... READ MORE
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