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Banks to waive NDAs in royal commission
by Annie Kane and Killian Plastow • 9 Feb 2018
Australia’s four major banks have announced that they won’t enforce confidentiality obligations or non-disclosure...READ MORE
Brokers urged to take a cautious approach to tech
by Reporter • 9 Feb 2018
The managing director of a leading brokerage has advised the industry to take caution before investing in technology,... READ MORE
Adelaide Bank clarifies serviceability calculator changes
by Staff reporter • 9 Feb 2018
The regional bank has clarified that its changes to serviceability calculations will only apply to new loan... READ MORE
CCR a ‘game-changer’ for mortgages
by Reporter • 9 Feb 2018
The draft legislation for mandatory comprehensive credit reporting has been released, with the Treasurer saying... READ MORE
AMP adds billions to book despite ‘intense’ mortgage market
by Reporter • 8 Feb 2018
The non-major lender has attributed strong growth in owner-occupied lending to the $2.3 billion worth of mortgages it... READ MORE
Make ASIC a ‘champion for competition’: PC
by Tim Stewart • 8 Feb 2018
The Productivity Commission's damning report about the lack of competition within Australia’s financial system is... READ MORE
Association heads slam Productivity Commission findings
by Reporter • 8 Feb 2018
The MFAA and FBAA have both blasted the Productivity Commission’s draft report into competition in the financial... READ MORE
CBA broker flows continue to fall
by James Mitchell • 7 Feb 2018
The major bank’s half-year results show that the group is driving more new mortgage originations through its... READ MORE
Productivity Commission looks at swathe of broker changes
by Reporter • 7 Feb 2018
Broker remuneration, legal standards for brokers and aggregators, disclosure requirements and transparency are just... READ MORE
Calls to revise ‘not unsuitable’ standard
by Reporter • 7 Feb 2018
The two heads of the broker associations have backed the Consumer Action Law Centre’s call for mortgage brokers “to... READ MORE
Tech won’t make brokers obsolete, says futurist
by Reporter • 7 Feb 2018
The finance industry’s adoption of technology will not diminish the value of services provided by brokers, according... READ MORE
Brokerage boss joins fund-raising campaign
by Reporter • 6 Feb 2018
The chairman of a major brokerage has joined a campaign alongside business and government leaders to raise funds to... READ MORE
RBA announces cash rate decision - Feb 2018
by Reporter • 6 Feb 2018
The Reserve Bank of Australia has today announced the official cash rate for February following its monthly board... READ MORE
Brokerage reveals big plans following Westpac deal
by James Mitchell • 6 Feb 2018
A mortgage brokerage has this week received $25 million in funding from Westpac and aims to serve 10 per cent of... READ MORE
Bank warns rate hike could trigger spike in defaults
by Reporter • 5 Feb 2018
One non-major bank believes that mortgage stress is set to worsen, with an increasing number of Australians at risk of... READ MORE
Mortgage lender appoints new COO
by Reporter • 5 Feb 2018
Better Choice Home Loans has announced that it has made its head of relationship management, Natalie Sheehan, its new... READ MORE
Broker banned for overstating borrower savings
by Reporter • 5 Feb 2018
A mortgage broker has been banned from engaging in credit activities for three years after submitting false or... READ MORE
Lenders to look at brokers ‘understating’ expenses
by Reporter • 5 Feb 2018
The head of a non-bank lender has warned brokers that lenders will increasingly look at “brokers understating their... READ MORE
Industry consolidation to improve quality of deals
by James Mitchell • 5 Feb 2018
The broking head of one of Australia’s largest non-bank lenders believes that the consolidation of smaller players... READ MORE
Association hits out at bank discounting ‘fund’
by Reporter • 2 Feb 2018
The fund reportedly set up by the big four banks to discount loans has been slammed by the FBAA as a move to generate... READ MORE
Former Pepper CEO joins HashChing
by Reporter • 2 Feb 2018
Patrick Tuttle, the former CEO of Pepper Group, has joined the board of directors of HashChing.
READ MORE
Broker urges ‘greenhorn’ ASIC to review its perception of industry
by Reporter • 2 Feb 2018
An Adelaide-based broker has called for the Australian Securities & Investments Commission to alter its perception... READ MORE
NAB highlights ‘opportunity to grow broking industry’
by Reporter • 2 Feb 2018
The general manager of a major bank has revealed that it will be putting in “additional effort” to train new... READ MORE
CBA-owned aggregator not dropping lenders from panel
by James Mitchell • 2 Feb 2018
The chief executive of eChoice has assured brokers that CBA-owned Finconnect will not be cutting any lenders from its... READ MORE
Fixed rate demand continues to slide
by Reporter • 1 Feb 2018
Borrower demand for fixed rate mortgages has fallen for the fifth consecutive month, new data has revealed.
READ MORE
Marketplace lender reveals big plans for broker channel
by James Mitchell • 1 Feb 2018
MoneyPlace CEO Stuart Stoyan is banking on Liberty’s broker relationships and funding capabilities to execute an... READ MORE
CBA accreditation changes ‘a really good idea’, says broker
by Reporter • 1 Feb 2018
The industry is split over CBA’s new accreditation changes, with some suggesting that every lender should emulate the... READ MORE
Industry body urges big banks to drop rates
by Reporter • 31 Jan 2018
The head of the Finance Brokers Association of Australia has called on the big banks to drop home loan rates.
READ MORE
State governments launch housing affordability initiatives
by Reporter • 31 Jan 2018
The Victorian and Tasmanian governments have both launched new initiatives to make housing more affordable for local... READ MORE
ASIC probe to ‘validate’ broking profession
by Reporter • 30 Jan 2018
Brokers are being urged to set aside their fears and cooperate with the corporate regulator’s shadow shopping... READ MORE
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