Mortgage and Finance Brokers Breaking News - The Adviser

Major bank broker flows diverge

by Charbel Kadib • 15 May 2019

The major banks have reported mixed results regarding the share of home loans originated through the broker channel. READ MORE

Brokers urged to help SMEs face election headwinds

by Ezekiel MacNevin • 15 May 2019

SME lenders are calling on brokers to help small businesses access finance to help them grow their business through... READ MORE

Most consumers ‘overestimate’ their financial knowledge

by Tas Bindi • 15 May 2019

Only 4 per cent of consumers are “justifiably confident” in their financial literacy, with the majority failing to... READ MORE

Former CBA area manager joins major brokerage

by Ezekiel MacNevin • 15 May 2019

Aussie Home Loans has announced the appointment of a new state manager to head its network of retail stores and brokers... READ MORE

Broker share hits record high for December quarter

by Charbel Kadib • 14 May 2019

The share of home loans originated by the broker channel has hit new heights for the December quarter, according to new... READ MORE

Mixed response to new First Home Loan Deposit Scheme

by Annie Kane • 14 May 2019

There have been mixed responses to the new First Home Loan Deposit Scheme, which has been backed by both Liberal and... READ MORE

Citi tightens home lending policy

by Reporter • 14 May 2019

The non-major has made changes to its mortgage lending policy in response to “changing dynamics” in the housing... READ MORE

Mortgage growth slips back into negative territory

by Reporter • 14 May 2019

A “lower than expected” fall in home loan approvals has been reported by the ABS for the month of March, signalling... READ MORE

Major bank cuts rates by up to 60bps

by Charbel Kadib • 13 May 2019

A big four bank and a non-major lender have announced variable and fixed mortgage rate reductions across both their... READ MORE

Former bank broker head joins fintech

by Annie Kane • 13 May 2019

The former head of broker distribution at Heritage Bank, Michael Trencher, has joined Trycall’s board of directors. READ MORE

REA reports revenue boost despite housing headwinds

by Reporter • 13 May 2019

The multinational property services giant has posted a 13 per cent increase in revenue despite continued weakness in... READ MORE

Non-major bank updates serviceability requirements

by Reporter • 13 May 2019

A non-major bank has made changes to its minimum serviceability ratio and updated its commercial debt serviceability... READ MORE

Trail won’t change ‘unless there is a serious problem’: Seselja

by Annie Kane • 10 May 2019

The Assistant Minister for Treasury and Finance has said that broker remuneration will be reviewed in three years’... READ MORE

Bank suspends loan pre-approvals

by Reporter • 10 May 2019

A non-major lender has announced that it has suspended pre-approvals for loan applications indefinitely. READ MORE

Platform Finance adds non-bank lender to panel

by Reporter • 10 May 2019

Non-bank lender Classic Funding has been added to two lending panels. READ MORE

Treasurer backs brokers and calls for action

by Annie Kane • 9 May 2019

Ahead of the federal election, the Treasurer and Assistant Minister for Treasury and Finance have reaffirmed the... READ MORE

Brokers battle for the seat of Burt

by Charbel Kadib • 9 May 2019

Two mortgage brokers are running for the parliamentary seat of Burt in WA, with broker remuneration and the local... READ MORE

UK to require brokers to take account of price

by Annie Kane • 9 May 2019

The UK’s financial regulator is looking to overhaul its mortgage sales requirements so that brokers will need to... READ MORE

Lender drops rates by up to 30bps

by Reporter • 9 May 2019

A South Australia-based lender has continued the trend of fixed mortgage rate reductions that have been spurred by... READ MORE

Customers will ‘appreciate’ brokers more post-royal commission

by Tas Bindi • 9 May 2019

A positive outcome from the banking royal commission will be that customers will increasingly turn to, and have a... READ MORE

ME Bank joins major brokerage panel

by Annie Kane • 8 May 2019

ME Bank has announced that it has partnered with a major brokerage brand and will hire three new business development... READ MORE

New no-deposit home loan offering launched

by Charbel Kadib • 8 May 2019

Mortgage marketplace HashChing has re-introduced a deposit-free home loan product to support the entry of first home... READ MORE

Smartline adds SME lender to panel

by Reporter • 8 May 2019

Smartline Mortgage Advisers has brought SME lender Prospa onto its lender panel to provide Smartline brokers with... READ MORE

RBA reveals cash rate

by Charbel Kadib • 7 May 2019

The central bank has announced its cash rate decision following its monthly monetary policy board meeting. READ MORE