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Financial planners not needed in credit space: CBA
by Reporter • 5 Mar 2018
Bringing financial planners into the credit space would be unnecessary, according to a Commonwealth Bank...READ MORE
NAB says brokers are a ‘force for good’, backs trail
by Tas Bindi • 5 Mar 2018
A major bank executive has told the Productivity Commission that mortgage brokers “are a force for good” and should... READ MORE
Credit union sees increase in broker flows
by James Mitchell • 2 Mar 2018
Mortgage brokers were responsible for originating just over $500 million in new lending for credit union CUA over the... READ MORE
Demand for fixed rates continues to fall
by Staff Reporter • 2 Mar 2018
Demand for fixed rate home loans has fallen for the sixth consecutive month, new data has revealed.
READ MORE
NRL tipping season declared open for brokers
by Reporter • 2 Mar 2018
Better Mortgage Management has declared the NRL tipping season open, welcoming brokers to participate.
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Victorian brokers honoured at Better Business Awards
by Reporter • 2 Mar 2018
The best brokers, BDMs and administrators in Victoria have been honoured at The Adviser’s Better Business Awards in... READ MORE
Major bank says brokers more expensive than branches
by Tas Bindi • 2 Mar 2018
A big four bank has revealed that it would be cheaper if home loan customers came directly to one of its branches than... READ MORE
Court finds major bank breached NCCP
by James Mitchell • 1 Mar 2018
The Federal Court in Melbourne has published its findings and reasons for ordering ANZ to pay a penalty of $5 million... READ MORE
Bank says broker fees would remove conflicts
by Tas Bindi • 1 Mar 2018
Bendigo and Adelaide Bank has told the Productivity Commission that fees for service would remove potential conflicts... READ MORE
Industry to defend trail commissions
by James Mitchell • 1 Mar 2018
The Combined Industry Forum is expected to highlight the benefits of trail commission to the Productivity Commission... READ MORE
New tech tool to simplify lending process
by Reporter • 28 Feb 2018
Technology service provider NextGen.Net has launched an electronic tool to further digitise the loan application... READ MORE
Broker commissions ‘far aligned’ from customer interests: PC
by James Mitchell • 28 Feb 2018
The chairman of the Productivity Commission has said that while it may be in the interests of the bank and the broker... READ MORE
Filling ‘data gap’ would benefit broking, say associations
by Reporter • 28 Feb 2018
Improving transparency and the data available on the broking industry and banking is “in everyone’s interests”... READ MORE
Brokers settled $200bn of loans in 2017
by James Mitchell • 27 Feb 2018
Broker market share has continued to rise over the December quarter, according to fresh figures from MFAA.
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YBR settlements drop by 2%
by Reporter • 27 Feb 2018
The brokerage has announced its results for the first half of the financial year, revealing that although profits... READ MORE
Royal commission hearing to look at fraud and accreditations
by Reporter • 27 Feb 2018
The first public hearings for the royal commission will focus on NAB’s introducer program and fraudulent loan... READ MORE
Bluestone Mortgages Asia Pacific acquired by US firm
by Reporter • 27 Feb 2018
Private investment firm Cerberus Capital Management, L.P. has acquired specialist lender Bluestone Mortgages Asia... READ MORE
ANZ tightens IO lending
by Reporter • 26 Feb 2018
The major bank has announced that full income verification will be required from clients that wish to switch or... READ MORE
Broker scrutiny a ‘backhand compliment’, says AFG boss
by James Mitchell • 26 Feb 2018
AFG chief executive David Bailey is encouraging brokers to provide submissions to the Productivity Commission, adding... READ MORE
‘Essential’ brokers advising Xinja on mortgage strategy
by Reporter • 26 Feb 2018
The chief executive of banking disruptor Xinja has revealed that mortgage brokers have been involved in the group’s... READ MORE
MyState reports 15% growth in broker settlements
by Reporter • 23 Feb 2018
Broker-originated mortgages accounted for 74.5 per cent of settlements, according to the lender’s half-year results,... READ MORE
Brokers have ‘key role’ in communicating CCR changes
by Staff Reporter • 23 Feb 2018
Online lender RateSetter is calling on brokers to help combat misunderstanding and fear about changes to comprehensive... READ MORE
Royal commission releases mortgage broking report
by Reporter • 23 Feb 2018
In its second background paper, the Royal Commission into Misconduct in the Banking, Superannuation and Financial... READ MORE
The top brokers, BDMs and offices of South Australia
by Reporter • 23 Feb 2018
Keith Caine, of Mortgage Choice Glenelg, has been awarded as SA’s Best Residential Broker and Broker of the Year at... READ MORE
Mortgage Choice reports 6% fall in broker settlements
by Reporter • 23 Feb 2018
Loan settlements originated through the broker channel dropped by 6 per cent in the first half of FY18, despite growth... READ MORE
Former NAB GM joins MSA National
by Reporter • 22 Feb 2018
David Berry, a former general manager of broker operations at NAB, has joined law firm MSA National as associate... READ MORE
Homeloans settlements surpass $2bn
by Reporter • 22 Feb 2018
The non-bank lender has announced that its loan settlements have risen by 27.5 per cent in a year, rising to $2.2... READ MORE
New data breach law comes into effect
by Reporter • 22 Feb 2018
Beginning 22 February, some brokers are legally required to report to both government and affected individuals... READ MORE
ASIC flags conflicts of interest for brokers
by Reporter • 22 Feb 2018
The financial services regulator has backed claims from the Productivity Commission that “there are conflicts of... READ MORE
Brokers should be ‘proactive’ in refinancing IO clients
by Reporter • 22 Feb 2018
Melbourne-based broker Josh Egan says that brokers should be “proactive” and offer refinancing to interest-only... READ MORE
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