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Leading brokers merge companies
by Reporter • 25 Sep 2017
The directors of two leading brokerages have merged their companies to form a new business, which aims to be the...READ MORE
Virgin Money cuts variable rates
by Staff Reporter • 25 Sep 2017
The non-major lender has reduced today a number of variable investment P&I rates for new mortgage... READ MORE
Aggregator channel appoints new CFO
by Julianne Leybag • 22 Sep 2017
Finsure Finance & Insurance has announced that it has appointed Kylie Turner as the new chief financial officer as... READ MORE
Winners of Women in Finance Awards crowned
by Reporter • 22 Sep 2017
The inaugural Women in Finance Awards was held last night, with several leading brokers and members of the mortgage... READ MORE
Mortgage offset class orders remade
by Julianne Leybag • 21 Sep 2017
ASIC has remade two class orders on mortgage offset accounts and factoring arrangements, with minor amendments,... READ MORE
Adelaide Bank rolls out construction lending to brokers
by Reporter • 21 Sep 2017
The SA-based bank is now directly offering construction loans through the broker channel for both new and existing... READ MORE
Westpac group drops fixed rate
by Reporter • 21 Sep 2017
The major bank and its subsidiaries have become the latest lenders to drop the interest rate on their two-year fixed... READ MORE
Brokers call for closer scrutiny of living expenses
by Reporter • 21 Sep 2017
Two leading mortgage brokers have suggested that NAB’s switch to loan-to-income ratios will “not change much”,... READ MORE
ASIC independence ‘faces threat’, warns Labor
by Reporter • 21 Sep 2017
The Shadow Treasurer has suggested that the “independence of and bipartisan support for” the financial services... READ MORE
APRA has ‘failed’ on competition: COBA
by Staff Reporter • 20 Sep 2017
The prudential regulator has failed to give due consideration to competition in the banking industry, argues the... READ MORE
Non-major changes commission clawback policies
by Staff Reporter • 20 Sep 2017
One of Australia’s largest non-major banks has announced new commission rates and changes to its clawback period, all... READ MORE
CUA 'phases' back into investor loans, cuts rates
by Reporter • 20 Sep 2017
CUA has continued its “phased” return to investor lending by dropping interest rates for fixed rate investor home... READ MORE
Auswide profit up by 11.4% as loan book hits $2.8bn
by James Mitchell • 19 Sep 2017
The Queensland-based lender has lifted its underlying NPAT by 11.4 per cent to $15.6 million for the 2017 financial... READ MORE
Home values creep in most capital cities
by Staff Reporter • 19 Sep 2017
Home values increased marginally in all but one capital city last week, with Sydney being the only one that recorded a... READ MORE
Mortgage arrears at five-year high: Moody’s
by Reporter • 19 Sep 2017
The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five... READ MORE
NAB Group changes credit policy
by Reporter • 19 Sep 2017
NAB Group, including Advantedge, has changed its credit policy so that applications for interest-only and principal... READ MORE
Brokers need flexible commission model, says non-bank boss
by James Mitchell • 19 Sep 2017
The CEO of an award-winning non-bank lender has revealed why the group allows its broker partners to choose how they... READ MORE
Insurance provider partners with Our Broker
by Reporter • 19 Sep 2017
The financial services and broking arm of real estate agency Raine & Horne has partnered with the ALI Group to... READ MORE
Toyota exec to drive Aussie expansion
by James Mitchell • 18 Sep 2017
Australia’s largest mortgage broking business has today named its new general manager of distribution.
READ MORE
Banks have 'no excuse for not challenging expenses'
by Reporter • 18 Sep 2017
The financial services regulator has disagreed with some of the findings of UBS’ recent "liar loans" report, adding... READ MORE
Insurance portal rebrands and expands broker offering
by Reporter • 18 Sep 2017
Multi-insurance provider Ensurance Now has rebranded and rolled out additional measures to provide better broker... READ MORE
Former car finance manager convicted for loan fraud
by James Mitchell • 15 Sep 2017
A Victorian man has been convicted in the Ringwood Magistrates Court after pleading guilty to one charge of dishonestly... READ MORE
Brokers provide regional lenders with ‘plenty of opportunities’:...
by Lucy Dean • 15 Sep 2017
Brokers are part of both the cause for and the solution to regional lenders’ struggle with the Australian Prudential... READ MORE
ASIC questions legality of bank rate hikes
by James Mitchell • 15 Sep 2017
The corporate watchdog told a parliamentary hearing this week that the big banks could be in breach of the ASIC Act... READ MORE
Political 'tit for tat' destructive in the Sydney housing debate
by Tim Neary • 14 Sep 2017
The political “tit for tat” over Sydney’s growth is not a helpful way to find sustainable solutions for meeting... READ MORE
Former broker becomes CEO of non-bank lender
by James Mitchell • 14 Sep 2017
Non-bank lender Pepper has announced today the appointment of a new country CEO for Australia.
READ MORE
Brokers originate $3.9bn in mortgages for regional bank
by James Mitchell • 14 Sep 2017
Non-major bank ME has reported this week that mortgage brokers contributed more than 60 per cent of home loan... READ MORE
'I'd do it': ASIC chairman would place consumers in larger loans
by Reporter • 14 Sep 2017
Greg Medcraft, the chairman of ASIC, has suggested that he would be tempted to place consumers in larger loans to get... READ MORE
MFAA responds to UBS claims
by Staff Reporter • 13 Sep 2017
The MFAA has questioned the way UBS represented the results of its recent consumer survey.
READ MORE
FBAA asks brokers: R U OK?
by Reporter • 13 Sep 2017
The Finance Brokers Association of Australia (FBAA) is hosting a breakfast in Melbourne asking brokers to discuss and... READ MORE
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