Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Industry welcomes removal of interest-only cap
by Annie Kane • 20 Dec 2018
The mortgage broking industry has welcomed the news that the prudential regulator is to remove its benchmark for... READ MORE

Non-major warns brokers over ‘sophisticated’ loan fraud
by Annie Kane • 20 Dec 2018
The leasing arm of a non-major lender has sent brokers an update on how to identify loan fraud given that it is... READ MORE

APRA to remove IO benchmark
by Annie Kane • 19 Dec 2018
The prudential regulator has announced that it will remove its benchmark on interest-only residential mortgage... READ MORE

Newly licensed bank committed to ‘integral’ broker channel
by Charbel Kadib • 19 Dec 2018
The third-party channel will be “integral” to a newly licensed bank’s growth ambitions in the home loan market,... READ MORE

Why clients need solutions-based brokers
by Reporter • 19 Dec 2018
The current lending environment is an opportunity for the third-party channel and “solutions-based brokers”, the... READ MORE

Brokerage to focus on mortgage process automation
by Reporter • 19 Dec 2018
Mortgage Choice has welcomed the roll-out of its new cloud-based broker platform, adding that it will focus next on... READ MORE

Non-major confirms broker remuneration changes
by Annie Kane • 18 Dec 2018
Bank of Queensland has become the latest lender to announce changes to the way it remunerates mortgage brokers,... READ MORE

Improved transparency and oversight will reduce fraud: FBAA
by Annie Kane • 18 Dec 2018
Trust in loan documentation and transparency in the loan approval process is key to reducing mortgage loan fraud, the... READ MORE

Major bank sheds light on new broker segmentation model
by Charbel Kadib • 18 Dec 2018
The new tiered broker model to be introduced by a big four bank will be “quality-based” rather than... READ MORE

ANZ commits to broker channel
by Annie Kane • 18 Dec 2018
The big four bank has thanked brokers for their continued support and reiterated its commitment to the third-party... READ MORE

NAB CEO to take extended leave
by Charbel Kadib • 18 Dec 2018
NAB CEO Andrew Thorburn has revealed that he will be taking time off to “reflect and recharge” following a... READ MORE

Broker briefs former PM Tony Abbott on broker value
by Annie Kane • 17 Dec 2018
The executive director of Smartmove has met with former prime minister and current member for Warringah, Tony Abbott,... READ MORE
Brokers

Morningstar mulls impact of scrapping comms
by Charbel Kadib • 17 Dec 2018
A move to adopt a consumer-pays broker remuneration model would have a “major impact” on demand for brokers,... READ MORE
Money lender

Lender looks to triple growth through broker channel
by Annie Kane • 17 Dec 2018
A marketplace lender has surpassed its target for loan origination through the broker channel, and is aiming to triple... READ MORE
Pile of money

Aggregator’s loan book hits $70bn
by Reporter • 17 Dec 2018
The total value of an aggregator’s loan portfolio has reached $70 billion, driven by a rise in loan settlements at... READ MORE

Brokerage CEO reveals ‘the most important thing a broker does’
by Annie Kane • 14 Dec 2018
Problem-solving and offering transparency and education around mortgages are some of the most important aspects of... READ MORE
Document

Bank CEO urges RC to consider ACCC findings

by Charbel Kadib • 14 Dec 2018
The CEO of a non-major bank has called on the financial services royal commission to reflect on the findings of the... READ MORE
Applause

FBAA welcomes ASIC reduction of fees
by Reporter • 14 Dec 2018
The Finance Brokers Association of Australia has welcomed the news that ASIC has reduced the cost of acting as a... READ MORE
Magnifying glass over document

Non-bank tightens expense reporting obligations
by Reporter • 14 Dec 2018
A non-bank lender has announced changes to its credit policy, effective immediately for all new home loan... READ MORE
Court and gavel

Major mortgage class action dropped
by Annie Kane • 13 Dec 2018
A class action lawsuit that was being planned on behalf of “Australian bank customers that have entered into mortgage... READ MORE
AFG

ACCC report highlights need to preserve broker model: AFG
by Charbel Kadib • 13 Dec 2018
It would be “unfathomable” for policymakers to consider regulatory change that would undermine the competitive... READ MORE

Last day to complete the Borrower Experience Survey
by Reporter • 13 Dec 2018
There are just 24 hours left to share and respond to The Adviser’s Borrower Experience Survey undertaken by Momentum... READ MORE

‘Welcome lift’ in loan approvals bucks downward trend
by Reporter • 13 Dec 2018
The October rise in home loan approvals could “signal a reversal” in the market, but tighter credit conditions are... READ MORE
Explaining

ACCC report represents ‘opportunity’ for brokers

by Annie Kane • 12 Dec 2018
A new report into mortgage pricing has shown that a lack of transparency is stifling competition, with the heads of... READ MORE
Mobile phone

New app to supplement brokers’ value
by Reporter • 12 Dec 2018
A fintech has announced the launch of a new financial health app for mortgage brokers to offer their clients under... READ MORE