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Majors report growth in owner-occupied portfolio

by Reporter • 1 May 2018
The big four banks all grew their owner-occupied lending portfolio in March, with two majors increasing their investor...READ MORE

Former mortgage brokers permanently banned for fraud

by Reporter • 30 Apr 2018
Three mortgage brokers have been permanently banned from engaging in credit activities for their involvement in home... READ MORE

Borrowers should ‘brace’ themselves for rate hikes

by Reporter • 30 Apr 2018
Mortgage holders have been urged to prepare for out-of-cycle interest rate hikes from lenders spurred by an increase in... READ MORE

Bank chairman steps down as scandals unfold

by James Mitchell • 30 Apr 2018
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the... READ MORE

Green sells stake in Sydney brokerage

by Reporter • 30 Apr 2018
Third-party player James Green has sold his stake in a Sydney-based brokerage and resigned as a director to pursue new... READ MORE

‘Unconscionable conduct’: Credit repair group to pay $1.7m

by Reporter • 27 Apr 2018
A credit repair business has been ordered to pay penalties totalling $1.7 million after it was found to have breached... READ MORE

Bank announces broker commission changes

by Reporter • 27 Apr 2018
A non-major lender has announced that it is implementing changes to its broker commission payment model, including... READ MORE

Bluestone enters near-prime market

by Reporter • 27 Apr 2018
Non-bank lender Bluestone Mortgages has announced its entry into the near-prime space with rate cuts of up to 225... READ MORE

Opinion: APRA’s actions will reduce borrowing power

by James Mitchell • 27 Apr 2018
The banking regulator has swapped one lending curb for another as Australia’s lending crackdown continues. But new... READ MORE

Westpac Group announces new credit policy changes

by Reporter • 27 Apr 2018
Brokers will no longer be able to submit their own personal mortgage applications following Westpac Group’s policy... READ MORE

APRA removes investor benchmark

by Reporter • 27 Apr 2018
The prudential regulator has announced plans to remove the investor loan growth benchmark and replace it with “more... READ MORE

Virgin Money appoints new head of third party

by Reporter • 27 Apr 2018

The non-major lender has announced the appointment of a new head of third-party distribution.

READ MORE

Industry veteran questions calls for standardised commissions

by Reporter • 26 Apr 2018
A move to introduce a standard upfront commission paid to brokers is not necessary, according to one Perth-based... READ MORE

Brokerage CEO steps down following earnings downgrade

by Reporter • 24 Apr 2018
iSelect has announced the immediate resignation of CEO Scott Wilson as its share price plummets by more than 55 per... READ MORE

Home buyers increasingly flocking to brokers

by Reporter • 24 Apr 2018
Australians are increasingly seeking expertise from mortgage brokers when purchasing a property, new research has... READ MORE

ANZ partners with new broker tool

by Reporter • 24 Apr 2018
The major bank has announced its “transformational” partnership with a fintech tool designed to improve... READ MORE

Major brokerage calls for remuneration reform

by James Mitchell • 24 Apr 2018
One of the nation’s largest brokerages has called for a number of reforms to broker commissions and clawbacks and... READ MORE

Brokers unfazed by rise in online players

by Reporter • 23 Apr 2018
Mortgage brokers are not threatened by increased competition from online broking platforms, according to MyState... READ MORE

FSC supports heavier penalties for corporate crooks

by Reporter • 23 Apr 2018
The Financial Services Council has backed the federal government’s decision to increase civil and criminal penalties... READ MORE

‘Flawed’ mortgage lending could trigger risk

by Reporter • 23 Apr 2018
Revelations of “flawed” lending practices uncovered by the royal commission could expose the property market to... READ MORE

10 years of jail for most serious Corporations Act breaches

by Reporter • 23 Apr 2018
Individuals who are found guilty of breaching the Corporations Act could face up to 10 years in prison and/or... READ MORE

Compliance costs ‘should be on us’, says aggregator

by James Mitchell • 23 Apr 2018
The CEO of a boutique aggregator has confirmed that the group will not be passing on compliance costs to its... READ MORE

Inaugural Aggregator Sentiment Survey launches

by Reporter • 23 Apr 2018
With increasing focus on compliance, scrutiny of commissions and digital disruption, aggregators are needing to... READ MORE

CEO of AMP resigns with immediate effect

by Reporter • 20 Apr 2018
AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down... READ MORE

NAB backs remuneration structure but calls for ‘improvements’

by Reporter • 20 Apr 2018
The major bank has written to brokers highlighting that it supports the current broker remuneration structure but... READ MORE

Total mortgage values rise in February

by Reporter • 20 Apr 2018
The total value of owner-occupier home loans increased in February, according to the latest data from the Australian... READ MORE

More consistent support needed for new brokers: FBAA

by Reporter • 20 Apr 2018
The head of the Finance Brokers Association of Australia has said that the failure rate for new brokers is improving,... READ MORE

Aggregator acquires strategic interest in commercial lender

by Reporter • 19 Apr 2018
A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully... READ MORE

Opinion: Will brokers pay the price for increased scrutiny?

by James Mitchell • 19 Apr 2018
Aggregators are under pressure to monitor their members more closely and dedicate more resources to compliance, which... READ MORE

Industry has its say on who a broker acts for

by Reporter • 19 Apr 2018
Several leading brokers and brokerages have clarified who a broker acts for, outlining what they believe the true role... READ MORE
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