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‘Nothing to suggest brokers are causing systemic harm’: MFAA
by Reporter • 9 Apr 2018
The head of the Mortgage and Finance Association of Australia has said that while the industry would support changes...READ MORE
Domain Loan Finder considers face-to-face broking option
by Reporter • 6 Apr 2018
The head of Domain Loan Finder, the JV mortgage operation between Domain and Lendi, has revealed that the platform is... READ MORE
Association head calls for ‘industry unity’
by Reporter • 6 Apr 2018
The broking industry should work together to minimise the impact of negative publicity and reinforce the benefits of... READ MORE
ASIC could prohibit remuneration structures under proposed law
by Reporter • 6 Apr 2018
A new bill could enable ASIC to prohibit remuneration structures that result in “significant consumer detriment”,... READ MORE
Major banks say brokers act for customers, not banks
by Reporter • 6 Apr 2018
Several major banks have answered a call to clarify where broker allegiances lie, telling the royal commission that... READ MORE
Financial planners want to offer credit advice
by Reporter • 6 Apr 2018
The Financial Planning Association has backed calls for financial planners to provide credit advice, but it said that... READ MORE
Homeloans CFO steps down
by Reporter • 5 Apr 2018
Non-bank lender Homeloans Ltd has announced that its chief financial officer, Ian Parkes, has resigned.
READ MORE
CBA sought to halve broker flows in 2016
by Reporter • 5 Apr 2018
Confidential internal documents from the Commonwealth Bank show that the bank sought to reduce the proportion of broker... READ MORE
Banking association backs broker commissions
by Reporter • 5 Apr 2018
Fees for service would not benefit brokers, the Australian Banking Association has told the Productivity Commission,... READ MORE
Former Connective BSM to head up Auswide broker channel
by Reporter • 4 Apr 2018
Auswide Bank has announced that it has appointed a new head of third party.
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La Trobe Financial announces ‘record’ pricing for sixth RMBS
by Staff Reporter • 4 Apr 2018
The non-bank lender has priced its sixth residential mortgage-backed securities (RMBS) issue at a “record” $750... READ MORE
RBA supports best interests duty for brokers
by Reporter • 4 Apr 2018
The Reserve Bank of Australia has revealed that it believes all brokers should be required to act in a consumer’s... READ MORE
Major bank market share slips as non-major share rises
by Reporter • 4 Apr 2018
The number of mortgages being sent to the major banks by brokers has fallen, according to the latest figures from the... READ MORE
Mortgage Choice CEO resigns
by Reporter • 3 Apr 2018
Mortgage Choice has announced that its CEO, John Flavell, has resigned, effective immediately.
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ME acknowledges brokers for profit growth
by Tas Bindi • 3 Apr 2018
The non-major bank has reported that its statutory profit growth has grown by 58 per cent, driven in part by increased... READ MORE
RBA announces cash rate decision - Apr 2018
by Reporter • 3 Apr 2018
The Reserve Bank of Australia has today announced the official cash rate for April following its monthly board... READ MORE
Loan comparison tool could undermine broking, banks warn
by Reporter • 3 Apr 2018
A loan comparison tool proposed by the Productivity Commission could compete with the broker channel, according to six... READ MORE
New law requires ASIC to consider competition
by Reporter • 3 Apr 2018
The federal government has introduced legislation that requires the financial services regulator to “consider the... READ MORE
1 in 5 auction bidders failed to get lender pre-approval
by Tas Bindi • 3 Apr 2018
Eighteen per cent of Australian bidders have failed to get pre-approved finance prior to attending an auction, a new... READ MORE
Fees for service could have ‘perverse impact’: CIF
by Reporter • 29 Mar 2018
The Combined Industry Forum has warned the Productivity Commission of the “unintended consequences” of introducing... READ MORE
CBA changes broker segmentation model
by Reporter • 29 Mar 2018
The Commonwealth Bank of Australia is amending the way it segments its accredited brokers, moving to a two-tier system... READ MORE
Cloud portal boosts broker efficiency by 75%
by Reporter • 28 Mar 2018
Document collection and processing platform ezidox has announced enhancements to its cloud portal that could... READ MORE
Former NAB execs officially launch new SME lender
by Tas Bindi • 28 Mar 2018
Judo Capital, a new lender focused on the SME market, has launched officially in Melbourne and says it is on track to... READ MORE
Royal commission scrutinises broker remuneration
by Reporter • 28 Mar 2018
In its closing address, the royal commission called on parties involved in the hearings to provide answers to further... READ MORE
Commission analyses expenses and benchmarking
by Reporter • 28 Mar 2018
The royal commission is calling for more information regarding verification of expenses and whether the use of... READ MORE
Online lender launches new loan portal
by Reporter • 27 Mar 2018
A custom-built introducer portal designed to facilitate fast, real-time processing of loan applications for brokers has... READ MORE
Vow awards top commercial brokers
by James Mitchell • 27 Mar 2018
The aggregator has honoured its top commercial performers at its annual commercial conference on the Gold... READ MORE
Aggregator takes aim at PC report
by Reporter • 27 Mar 2018
A major aggregator has strongly criticised the Productivity Commission’s assessment of the broking industry.
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PC has ‘overlooked’ important broker work
by 2018-03-26 16:56:00 • 26 Mar 2018
A Perth-based brokerage says that the Productivity Commission has failed to recognise that brokers educate their... READ MORE
Regional bank announces MD replacement
by Reporter • 26 Mar 2018
A lender has announced a replacement for its long-serving managing director.
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