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Home loan fintech enters Tassie market
by Reporter • 19 Dec 2017
An Australian fintech has announced that it will be expanding its business to Tasmania, amid increased buoyancy in the...READ MORE
Major bank refunds $1.7m over offset error on broker loans
by Reporter • 19 Dec 2017
National Australia Bank Limited has refunded $1.7 million to 966 home loan customers after it failed to properly set up... READ MORE
AFG highlights ‘significant scrutiny’ of broking industry
by James Mitchell • 19 Dec 2017
The ASX-listed aggregator has called on the banking Royal Commission to recognise the significant inquiries that have... READ MORE
Association heads question CBA’s new two-year rule
by Reporter • 19 Dec 2017
The heads of the MFAA and FBAA have spoken out against CBA’s recently announced two-year requirement for new broker... READ MORE
Non-bank closes $300m CMBS transaction
by Reporter • 18 Dec 2017
A finance provider has announced the closing of its third commercial mortgage-backed securitisation transaction,... READ MORE
Award-winning brokerage eyes tech solutions
by James Mitchell • 18 Dec 2017
Even after a whirlwind year of regulatory challenges, one Melbourne-based brokerage believes that compliance isn’t... READ MORE
Brokers to be included in royal commission
by Reporter • 18 Dec 2017
The government has confirmed that mortgage brokers will be included in the Royal Commission into Misconduct... READ MORE
CBA to change commission structure by 30 June 2018
by Reporter • 18 Dec 2017
The Commonwealth Bank of Australia expects to have the CIF-recommended changes to broker commissions instated “ahead... READ MORE
HashChing hires former Westpac exec as co-founder steps down
by Reporter • 15 Dec 2017
Online mortgage marketplace HashChing has appointed a former Westpac solutions architect to its leadership team,... READ MORE
New AI solution aims to help empower brokers
by Reporter • 15 Dec 2017
A new artificial intelligence–led solution that caters to brokers has been launched to unify fact find, referrals,... READ MORE
Major bank subsidiary snaps up aggregation businesses
by James Mitchell • 15 Dec 2017
A mortgage business wholly owned by a big four bank has acquired a number of businesses from embattled aggregator... READ MORE
Non-bank backs broker reforms
by Staff Reporter • 15 Dec 2017
Liberty Financial CEO James Boyle says that the non-bank will continue to help mortgage brokers grow their businesses... READ MORE
How George Samios wrote 527 mortgages last year
by Reporter • 15 Dec 2017
Earlier this week, we revealed our 30 Under Thirty ranking, which lists the top young mortgage brokers in Australia. We... READ MORE
Aggregation boss warns of ‘additional debts’
by James Mitchell • 14 Dec 2017
The head of a major aggregator says that brokers should be educating their customers about good and bad debts,... READ MORE
Melbourne couple permanently banned from credit activities
by James Mitchell • 14 Dec 2017
The regulator has permanently banned a Melbourne couple from the credit industry for contravening an ASIC banning... READ MORE
CBA to introduce major accreditation changes next year
by Reporter • 14 Dec 2017
Commonwealth Bank has announced that, from next year, it will no longer accept accreditations from new mortgage brokers... READ MORE
CBA admits to breaches of counter-terrorism and anti-money laundering...
by Reporter • 13 Dec 2017
Commonwealth Bank (CBA) has admitted that it breached anti-money laundering and counter-terrorism laws in... READ MORE
Major bank changes consumer credit policies
by Reporter • 13 Dec 2017
Westpac and its subsidiary banks have made changes to their consumer credit policies for consumer mortgages (including... READ MORE
Mortgage manager pulls line of credit products
by Staff reporter • 13 Dec 2017
Bluebay Home Loans has announced that it will not be accepting new applications for some of its Line of Credit products... READ MORE
RMBS delinquencies to rise in 2018
by Staff Reporter • 13 Dec 2017
Moody’s Investors Service says that the delinquencies for outstanding Australian residential mortgage bonds and... READ MORE
Brokers to have new code and unique identifier numbers
by Reporter • 13 Dec 2017
By the end of 2020, brokers will be given a “unique identifier number” and be subjected to a new code of conduct,... READ MORE
Aggregation boss explains ‘net payment’ commission reforms
by James Mitchell • 13 Dec 2017
Connective director Mark Haron has outlined how remuneration reforms will impact brokers and why banks have “a lot of... READ MORE
Queensland broker named country’s top young mortgage broker
by Reporter • 13 Dec 2017
Queensland broker George Samios has been named as Australia’s top young mortgage broker in a national list of the... READ MORE
Borrowers use brokers to feel ‘safe’
by Reporter • 12 Dec 2017
The head of a leading brokerage has said that borrowers use brokers to feel “safe” in their lending decisions, but... READ MORE
CIF proposes package of commission changes
by Reporter • 12 Dec 2017
The newly released reform package from the Combined Industry Forum has outlined changes to remuneration structures,... READ MORE
Brokers unsettled by political instability
by Reporter • 12 Dec 2017
A new survey has found that mortgage brokers are growing increasingly concerned about political instability,... READ MORE
Kaplan calls for move away from time-based CPD points
by Reporter • 11 Dec 2017
Education and training provider Kaplan Professional has released a white paper that encourages the financial services... READ MORE
Sedgwick’s broker reforms challenge major banks
by James Mitchell • 11 Dec 2017
A recently published parliamentary committee report suggests that Sedgwick’s recommendations to reform broker... READ MORE
CIF response defines ‘good consumer outcomes’
by Reporter • 11 Dec 2017
The Combined Industry Forum has released details of its response to Treasury on broker remuneration, laying out six... READ MORE
Brokers ‘shouldn’t be worried’ about royal commission
by Reporter • 11 Dec 2017
The head of an industry association has stated that brokers “should not be worried” about the royal commission into... READ MORE
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