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New cash rate record reached
by Reporter • 1 May 2018

The Reserve Bank of Australia has announced the official cash rate for May, setting a new record.

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South Australian senator Rex Patrick

Senator slams ASIC amid ‘shameful disclosures’
by Reporter • 1 May 2018
South Australian senator Rex Patrick is calling for ASIC’s new chair, James Shipton, to provide the public with a... READ MORE

Majors report growth in owner-occupied portfolio
by Reporter • 1 May 2018
The big four banks all grew their owner-occupied lending portfolio in March, with two majors increasing their investor... READ MORE
red sign banned middle blue paint permantently banned involvement in home loan fraud

Former mortgage brokers permanently banned for fraud
by Reporter • 30 Apr 2018
Three mortgage brokers have been permanently banned from engaging in credit activities for their involvement in home... READ MORE

Borrowers should ‘brace’ themselves for rate hikes
by Reporter • 30 Apr 2018
Mortgage holders have been urged to prepare for out-of-cycle interest rate hikes from lenders spurred by an increase in... READ MORE
catherine brenner chairman steps down royal commission misconduct

Bank chairman steps down as scandals unfold
by James Mitchell • 30 Apr 2018
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the... READ MORE
James Green

Green sells stake in Sydney brokerage
by Reporter • 30 Apr 2018
Third-party player James Green has sold his stake in a Sydney-based brokerage and resigned as a director to pursue new... READ MORE

‘Unconscionable conduct’: Credit repair group to pay $1.7m
by Reporter • 27 Apr 2018
A credit repair business has been ordered to pay penalties totalling $1.7 million after it was found to have breached... READ MORE

Bank announces broker commission changes
by Reporter • 27 Apr 2018
A non-major lender has announced that it is implementing changes to its broker commission payment model, including... READ MORE
Brokers

Bluestone enters near-prime market
by Reporter • 27 Apr 2018
Non-bank lender Bluestone Mortgages has announced its entry into the near-prime space with rate cuts of up to 225... READ MORE
Big debts, chasing debt

Opinion: APRA’s actions will reduce borrowing power
by James Mitchell • 27 Apr 2018
The banking regulator has swapped one lending curb for another as Australia’s lending crackdown continues. But new... READ MORE
Money, hands

Westpac Group announces new credit policy changes
by Reporter • 27 Apr 2018
Brokers will no longer be able to submit their own personal mortgage applications following Westpac Group’s policy... READ MORE
APRA

APRA removes investor benchmark
by Reporter • 27 Apr 2018
The prudential regulator has announced plans to remove the investor loan growth benchmark and replace it with “more... READ MORE
Virgin Money

Virgin Money appoints new head of third party
by Reporter • 27 Apr 2018

The non-major lender has announced the appointment of a new head of third-party distribution.

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Sam White, Loan Market

Industry veteran questions calls for standardised commissions
by Reporter • 26 Apr 2018
A move to introduce a standard upfront commission paid to brokers is not necessary, according to one Perth-based... READ MORE
Exit, immediate resignation

Brokerage CEO steps down following earnings downgrade
by Reporter • 24 Apr 2018
iSelect has announced the immediate resignation of CEO Scott Wilson as its share price plummets by more than 55 per... READ MORE
Arrow up, brokers, home buyer

Home buyers increasingly flocking to brokers
by Reporter • 24 Apr 2018
Australians are increasingly seeking expertise from mortgage brokers when purchasing a property, new research has... READ MORE
Partnership, ANZ

ANZ partners with new broker tool
by Reporter • 24 Apr 2018
The major bank has announced its “transformational” partnership with a fintech tool designed to improve... READ MORE
Sam White, Loan Market

Major brokerage calls for remuneration reform
by James Mitchell • 24 Apr 2018
One of the nation’s largest brokerages has called for a number of reforms to broker commissions and clawbacks and... READ MORE

Brokers unfazed by rise in online players
by Reporter • 23 Apr 2018
Mortgage brokers are not threatened by increased competition from online broking platforms, according to MyState... READ MORE

FSC supports heavier penalties for corporate crooks
by Reporter • 23 Apr 2018
The Financial Services Council has backed the federal government’s decision to increase civil and criminal penalties... READ MORE
Mortgage

‘Flawed’ mortgage lending could trigger risk
by Reporter • 23 Apr 2018
Revelations of “flawed” lending practices uncovered by the royal commission could expose the property market to... READ MORE
prisoner holding out palms in jail bars 10 years of jail corporation act breach guilty

10 years of jail for most serious Corporations Act breaches
by Reporter • 23 Apr 2018
Individuals who are found guilty of breaching the Corporations Act could face up to 10 years in prison and/or... READ MORE

Compliance costs ‘should be on us’, says aggregator
by James Mitchell • 23 Apr 2018
The CEO of a boutique aggregator has confirmed that the group will not be passing on compliance costs to its... READ MORE

Inaugural Aggregator Sentiment Survey launches
by Reporter • 23 Apr 2018
With increasing focus on compliance, scrutiny of commissions and digital disruption, aggregators are needing to... READ MORE

CEO of AMP resigns with immediate effect
by Reporter • 20 Apr 2018
AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down... READ MORE
NAB

NAB backs remuneration structure but calls for ‘improvements’
by Reporter • 20 Apr 2018
The major bank has written to brokers highlighting that it supports the current broker remuneration structure but... READ MORE
mortgage values rise

Total mortgage values rise in February
by Reporter • 20 Apr 2018
The total value of owner-occupier home loans increased in February, according to the latest data from the Australian... READ MORE

More consistent support needed for new brokers: FBAA
by Reporter • 20 Apr 2018
The head of the Finance Brokers Association of Australia has said that the failure rate for new brokers is improving,... READ MORE

Aggregator acquires strategic interest in commercial lender
by Reporter • 19 Apr 2018
A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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