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Brokers burned by customer-driven channel conflict

by James Mitchell • 25 Oct 2017
Home loan conversion rates are plummeting as borrowers attempt to secure a mortgage by making multiple applications...READ MORE

Stamp duty changes driving first home buyer comeback

by Staff reporter • 25 Oct 2017
New research has found that first home buyers are making a return to the market, probably as a result of recent changes... READ MORE

Consumers don’t want to pay fees to brokers, says banking head

by Reporter • 25 Oct 2017
Suncorp Bank’s CEO of banking and wealth has said that he does not believe that customers would want to pay fees to... READ MORE

Borrowers increasingly unsure of home loan terms

by Reporter • 25 Oct 2017
Australian borrowers are more unsure of home loan terminology now than they were two years ago, according to a new... READ MORE

Inefficiency is ‘crushing profitability’ in US mortgage market

by Staff reporter • 25 Oct 2017
The CEO and co-founder of a US-based fintech has said that technology could unlock “billions of dollars of value”... READ MORE

Award-winning broker: Weng Wong

by Staff reporter • 24 Oct 2017
This Adelaide-based broker took home three awards at the 2017 Better Business Summit. With a conversion rate of 96 per... READ MORE

Major bank to settle rate rigging case with ASIC

by Staff reporter • 24 Oct 2017
A big four bank has reached an in-principle agreement with the corporate watchdog to settle a court action relating to... READ MORE

Banks to develop individual approaches to remuneration

by Reporter • 24 Oct 2017
The FBAA has welcomed the Australian Bankers’ Association’s decision to reverse its position on how the banking... READ MORE

MP grills CBA on brokers, offsets and big mortgages

by James Mitchell • 24 Oct 2017
NSW MP Kevin Hogan said that mortgage brokers have told him that it is in their best interest to get clients to... READ MORE

Penalties for financial misconduct to increase

by Reporter • 24 Oct 2017
The Treasury is consulting on extending maximum prison terms, increasing civil penalties and expanding ASIC’s... READ MORE

New learning platform for brokers launched

by Staff reporter • 23 Oct 2017
A new interactive learning platform has been launched by the YBR Group, in partnership with Open Colleges, to drive... READ MORE

‘No formula’ for mortgage repricing, says NAB CEO

by James Mitchell • 23 Oct 2017
The major bank boss has confirmed that quantifying interest rate increases in response to regulatory measures is an... READ MORE

Mortgage Choice sees FHB flows jump to 15%

by Staff reporter • 20 Oct 2017
Historically low interest rates combined with additional first home buyer incentives are helping more potential buyers... READ MORE

Underinvestment in equipment would see SMEs ‘lose out’

by Reporter • 20 Oct 2017
The CEO of an asset finance and leasing solutions provider has warned that small businesses are less keen to invest in... READ MORE

Major bank to refund $65m to customers

by Reporter • 20 Oct 2017
Westpac is to refund approximately $65 million to customers, including home loan customers, after finding that they... READ MORE

Aggregator launches new lending platform

by Reporter • 20 Oct 2017
Vow Financial has launched a new lending platform, powered by Salestrekker, which it says is “the most sophisticated... READ MORE

Macquarie and Aussie launch new home loan

by Reporter • 19 Oct 2017

Aussie Home Loans has launched a new home loan product in partnership with Macquarie Bank.

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Home loan arrears fell in August

by Reporter • 19 Oct 2017

The number of delinquent housing loans fell to 1.10 per cent in August, down from 1.17 per cent in July.

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Brokers ‘not recording the outcomes’ of IO discussions: ASIC

by Reporter • 19 Oct 2017
Brokers may be having the appropriate conversation with borrowers on interest-only home loans, the financial services... READ MORE

Commissions make credit advice ‘affordable’

by Reporter • 19 Oct 2017
The CEO of a NAB-owned aggregator has revealed his thoughts on broker commissions, stating that he believes that they... READ MORE

Agents not alert to identity fraud

by Staff reporter • 18 Oct 2017

Real estate agents are not doing enough to prevent identity fraud, a new survey has found.

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Adelaide Bank changes residential lending policies

by Reporter • 18 Oct 2017
Effective from 18 October, Adelaide Bank has reduced the time frame for off-the-plan valuations, added an additional... READ MORE

Opinion: Will brokers have the ABA in their corner?

by James Mitchell • 18 Oct 2017
With pro-broker ANZ chief Shayne Elliott at the helm, could the Australian Bankers’ Association become an ally of the... READ MORE

‘Significant decline’ in interest-only loans

by Reporter • 17 Oct 2017
New data from Mortgage Choice has revealed that there was a 60 per cent decline in interest-only mortgages over a... READ MORE

ASIC on broker remuneration and ‘good consumer outcomes’

by Reporter • 17 Oct 2017
A senior executive leader at ASIC has clarified what he believes "good consumer outcomes" look like, and shared his... READ MORE

New ASIC chair announced

by Reporter • 17 Oct 2017
James Shipton, executive director of the Program on International Financial Systems at Harvard Law School, has been... READ MORE

Mutual bank sees record number of broker-originated loans

by Reporter • 17 Oct 2017
Strength in the broker channel has helped Teachers Mutual Bank achieve a 19 per cent rise in its home loan performance,... READ MORE

Realestate.com.au Home Loans portal goes live

by Reporter • 17 Oct 2017
The new realestate.com.au Home Loans portal has gone live, with two-thirds of Choice Home Loans brokers signing up to... READ MORE

‘Major structural change’ in mortgages: AFG

by James Mitchell • 16 Oct 2017
The aggregator’s latest Mortgage Index results show that the market share of Australia’s major banks has hit a... READ MORE

Convicted loan writer permanently banned

by Staff reporter • 16 Oct 2017

ASIC has permanently banned a convicted loan writer from engaging in credit activities.

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