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Property prices continue to fall

by Staff Reporter • 30 Jan 2018

The latest CoreLogic data has found that home values fell in all but one capital city last week.

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Brokerage launches cloud-based CRM platform

by Reporter • 30 Jan 2018
A mortgage brokerage has announced the launch of a cloud-based client relationship management software to “enhance... READ MORE

Lack of new brokers the ‘biggest challenge in 20 years’

by Reporter • 30 Jan 2018
The CEO of a leading non-bank lender has said that the broking industry is facing its “biggest challenge in 20... READ MORE

CBA’s head of retail banking to become new CEO

by Reporter • 30 Jan 2018
The major bank has announced that it has appointed its group executive for retail banking services to the role of chief... READ MORE

One in three mortgages being rejected, says BDM

by Reporter • 29 Jan 2018
One Sydney-based BDM and former mortgage broker says that one in three clients are unable to obtain a loan as a result... READ MORE

MFAA highlights ‘opportunity’ from ASIC’s shadow shopping

by Reporter • 29 Jan 2018
The head of the Mortgage & Finance Association of Australia has called on brokers to consider ASIC’s upcoming... READ MORE

The three ‘Ts’ that brokers need to know

by Reporter • 29 Jan 2018
Ahead of his session at the Better Business Summit, Nigel Dalton, chief inventor of the REA Group, has revealed the... READ MORE

Ex-banker becomes broker to provide ‘better solutions’

by Reporter • 29 Jan 2018
An ex-banker has revealed that his decision to become a broker was driven by the “lack of solutions” offered to... READ MORE

Royal commission warned of ‘unscrupulous brokers’

by Reporter • 25 Jan 2018
A submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has... READ MORE

ASIC probe confirms in-house product bias

by Aleks Vickovich • 24 Jan 2018
The regulator’s review of Australia’s five largest financial advice providers has found alarming levels of in-house... READ MORE

AMP Bank announces executive’s departure

by Reporter • 24 Jan 2018
The bank has announced that, as of 2 February 2018, its head of marketing and sales, Glenn Gibson, is no longer with... READ MORE

Opinion: Why do the majors get so much broker business?

by James Mitchell • 24 Jan 2018
One would think that with more than half of mortgages being written by brokers, the dominance of the big four would be... READ MORE

‘We will never sell to a bank’, says aggregation boss

by James Mitchell • 24 Jan 2018
The head of a boutique aggregator has explained the group’s position on vertical integration following the... READ MORE

Rising average loan size not a problem, says economist

by Reporter • 24 Jan 2018
According to one economist, the reported rise of the average loan size in Australia is not a cause for concern, despite... READ MORE

Non-major searching for new broker head

by Staff Reporter • 23 Jan 2018
Auswide Bank has confirmed that it is actively seeking to replace its head of third party following the recent... READ MORE

Bank drops fixed rates by up to 75bps

by Reporter • 23 Jan 2018
MyState Bank has announced that it has dropped rates for new fixed rate owner-occupied home loans as well as fixed and... READ MORE

ASIC’s shadow shopping exercise to evaluate ‘broker advice’

by Reporter • 23 Jan 2018
A shadow shopping exercise being undertaken by ASIC will consider whether “broker advice” results in “positive... READ MORE

Royal commission hearings to start next month

by Reporter • 22 Jan 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry — including... READ MORE

Bank sells stake in P2P lender

by Reporter • 22 Jan 2018
Auswide Bank has announced that it has completed the divestment of its stake in personal loans P2P lender MoneyPlace,... READ MORE

Lenders make credit policy changes

by Reporter • 22 Jan 2018
Two lenders have announced changes to their credit policies to ensure compliance with responsible lending measures,... READ MORE

Calls for CBA to lift accreditation restrictions for mentees

by Reporter • 22 Jan 2018
A leading broker has urged Commonwealth Bank to reconsider its recently imposed accreditation changes, arguing that... READ MORE

APRA mortgage curbs under scrutiny

by James Mitchell • 22 Jan 2018
A leading mortgage professional has criticised the prudential regulator for not providing a clear time frame for its... READ MORE

Owner-occupier finance rises as lease finance drops

by Reporter • 19 Jan 2018
In November 2017, secured housing finance for owner-occupiers and personal finance both rose, while lease finance... READ MORE

ANZ agrees to pay $5m fine for responsible lending breaches

by Reporter • 19 Jan 2018
A major lender has agreed to pay $5 million in penalties after its former finance subsidiary Esanda approved suspected... READ MORE

Top broker ‘applauds’ CBA accreditation changes

by James Mitchell • 19 Jan 2018
One of the industry’s most successful mortgage professionals has praised CBA’s decision to impose a tougher... READ MORE

ASIC accepts EU from Queensland brokerage

by Staff Reporter • 18 Jan 2018
The regulator has accepted an enforceable undertaking (EU) from Duane Wright and his business, First National Home... READ MORE

Mortgage demand continues to climb

by Reporter • 18 Jan 2018
The latest figures from the Australian Bureau of Statistics show that demand for both owner-occupied and investor home... READ MORE

HSBC partners with major brokerage

by Reporter • 18 Jan 2018
HSBC Australia has expanded its mortgage broking network by joining the lending panel of a leading home loan... READ MORE

Frank Ganis resigns as YBR director

by Reporter • 18 Jan 2018
The former Macquarie Group executive director has resigned from his role on the board of Yellow Brick Road in order to... READ MORE

More broker commission changes on the way

by James Mitchell • 18 Jan 2018
Lenders will continue to make small changes to broker remuneration in 2018, but a Deloitte partner believes that the... READ MORE
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