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Banks make changes to commission structure

by Reporter • 28 Nov 2017
A major lender and a challenger bank have announced changes to their commission structure, which will come into...READ MORE

ATO asking Aussies to explain their lifestyle

by Lucy Dean • 27 Nov 2017
The Australian Taxation Office has said that it will crack down on “carelessness”, with undeclared income,... READ MORE

Bank slashes interest rates

by Reporter • 27 Nov 2017

A bank has announced its decision to cut rates by up to 0.50 per cent on a number of its loan offerings.

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Aggregator confirms voluntary administration

by James Mitchell • 27 Nov 2017
A mortgage aggregation business has confirmed that broker commissions, including trail payments made by lenders, will... READ MORE

Living expenses draw sharper focus

by Reporter • 27 Nov 2017
The finance industry has turned its attention to living expenses and credit reporting following APRA’s calls for... READ MORE

Tic:Toc to undercut broker distribution in white label play

by James Mitchell • 27 Nov 2017
Mortgage brokers are facing a double threat from online lender Tic:Toc, which is seeing a surge in demand from... READ MORE

FBAA updates brokers on response to Treasury

by Reporter • 27 Nov 2017
The head of the FBAA has revealed that the Combined Industry Forum’s response to ASIC’s review into remuneration... READ MORE

Brokers appointed to MFAA board

by Reporter • 24 Nov 2017
The Mortgage and Finance Association of Australia has appointed two directors to its board following a seven-week... READ MORE

Non-bank confirms launch of new non-resident mortgage

by James Mitchell • 24 Nov 2017
After listening to feedback from brokers, a national mortgage manager has revealed that it will soon launch a new... READ MORE

Liberty buys stake in major third-party player

by James Mitchell • 24 Nov 2017
Non-bank lender Liberty Financial has made a significant investment in a major mortgage protection insurance provider... READ MORE

Finance workers more prone to mental illness, says expert

by James Mitchell • 23 Nov 2017
A leading figure in mental health issues in the workplace has revealed some alarming numbers about the levels of... READ MORE

Better Business Summit confirms celebrity speaker

by Reporter • 23 Nov 2017
The agenda for the Better Business Summit 2018 has been announced, with brokers set to hear from a host of speakers,... READ MORE

Borrowers living ‘pay cheque to pay cheque’, warns brokerage

by Staff reporter • 22 Nov 2017
New research from a major mortgage brokerage has found that more than 40 per cent of Australians don’t have enough... READ MORE

Customer service still crucial for most Aussies

by Reporter • 22 Nov 2017
A finder.com.au survey of 2,005 Australians has found that 57 per cent of the respondents would be “turned off” by... READ MORE

Pepper takeover deal becomes effective

by Reporter • 22 Nov 2017
The Federal Court of Australia has approved the scheme implementation deed for Red Hot Australia Bidco Pty Ltd to... READ MORE

APRA calls for renewed focus on ‘realistic living expenses’

by Reporter • 22 Nov 2017
The chairman of the prudential regulator has called on the finance industry to “devote more effort to the collection... READ MORE

Borrowers want to interact with people, says fintech CEO

by Reporter • 22 Nov 2017
The CEO of online mortgage broker uno Home Loans has said that the company is looking to hire more home loan... READ MORE

AMP introduces additional expense requirements

by Reporter • 21 Nov 2017
Mortgagors will soon be required to provide brokers with supporting documentation about their living expenses when... READ MORE

Aussie lenders make Fintech 100 list

by Reporter • 21 Nov 2017
Ten Australian companies have been listed in KPMG’s Fintech 100 list, which identifies the top 50 fintech firms... READ MORE

Loan Market broker’s death ruled ‘accidental’

by Reporter • 21 Nov 2017
The WA coroner has ruled that the incident involving Damien Mark Mills, a Loan Market broker who drowned in 2014... READ MORE

Broker share to reach 60% by 2020, says Aussie

by Reporter • 20 Nov 2017
The chief executive officer of Aussie Home Loans, James Symond, has said that he expects broker market share to soar... READ MORE

Tasmanian lender cuts ties with S&P

by Reporter • 20 Nov 2017
MyState Bank has broken ties with Standard and Poor’s following the latest credit rating issued by the market... READ MORE

Broker market share reaches ‘record’ high

by Reporter • 20 Nov 2017
Brokers settled 55.7 per cent of all residential mortgages in the September 2017 quarter, new industry data has... READ MORE

Brokers ‘can’t accept paperwork at face value’, warns aggregator

by Reporter • 20 Nov 2017
The general counsel for a major aggregator has warned that brokers need to be “drilling down” on paperwork, as the... READ MORE

Regional bank becomes 22nd lender on Aussie panel

by Reporter • 17 Nov 2017
Toowoomba-based lender Heritage Bank has become the 22nd member of Aussie’s lender panel, and the third member to... READ MORE

Broking industry asked to take survey on value proposition

by Reporter • 17 Nov 2017
Brokers, aggregators and those affiliated with the broker channel are being asked to respond to a survey that aims to... READ MORE

Major bank fires staff over ‘incorrect’ home loan applications

by Reporter • 16 Nov 2017
NAB has announced that it has fired 20 bankers in NSW and Vic, disciplined 32 people and begun remediation for... READ MORE

Arrears drop for second month in a row

by Reporter • 16 Nov 2017
Mortgage arrears for prime residential mortgage-backed securities have fallen, according to data from S&P Global... READ MORE

Brokers believe mortgagors should get help in native tongue

by Staff reporter • 16 Nov 2017
Nearly 80 per cent of brokers believe that borrowers who are not fluent in English should get help with their home loan... READ MORE

Economic outlook an ‘encouraging’ sign for brokers

by Reporter • 16 Nov 2017
New economic data has revealed that Australians believe business conditions have improved, which the Finance Brokers... READ MORE
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