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banker, incentive program, misconduct,

Banker incentives a ‘significant cause’ of misconduct: RC
by Reporter • 4 Oct 2018
An incentive program run by a major bank, which rewards bankers with bonuses for achieving home loan sales targets,... READ MORE
drop, interest rates

Non-majors drop interest rates
by Reporter • 4 Oct 2018
An online lender and a mutual bank have announced that they will be reducing interest rates on some of their home loan... READ MORE
Suncorp, new board member

Suncorp appoints new board member
by Reporter • 4 Oct 2018
Ian Hammond, a non-executive director of Perpetual Limited and former audit partner with PwC, has been appointed to the... READ MORE
lenders, broker, breach, royal commission

Commissions ‘might’ breach NCCP: RC
by Reporter • 3 Oct 2018
Lenders paying value-based upfront and trail commissions to mortgage brokers could be in breach of their legal... READ MORE
deadline, ASIC mortgage report, due

ASIC mortgage reports due next year
by Reporter • 3 Oct 2018
The corporate regulator has revealed that it will publish the findings of its home loan shadow shopping exercise and... READ MORE
September, property, prices, fall, down, decline

September property price fall caps off 12-month decline
by Reporter • 3 Oct 2018
National property prices have fallen for the 12th consecutive month as a result of a “substantial drag-down effect”... READ MORE
October cash rate, RBA

RBA reveals October cash rate
by Reporter • 2 Oct 2018
The central bank has announced its cash rate decision for October following its monthly board meeting. READ MORE
fell, arrow down, Aussie Home Loans, royal commission

Aussie fell below community standards: RC
by Reporter • 2 Oct 2018
Aussie Home Loans’ response to misconduct by four of its brokers “fell below community standards and... READ MORE

Finance industry vows to do more
by Reporter • 2 Oct 2018
The Treasurer and members of the industry have released their initial reactions to the royal commission’s interim... READ MORE
Sydney, Australia, mortgage,

Sydney worse for wear in mortgage sensitivity test
by Reporter • 2 Oct 2018
Moody’s Investors Service has undertaken a “sensitivity test” which has outlined the impact that changes in... READ MORE

Nearly half of FHBs put off by loan process
by Reporter • 1 Oct 2018
Forty-eight per cent of first home buyers have put off buying a home because the application process is “too... READ MORE
school entrepreneurs program financial literacy program queensland mhairi macleod

WA schools adopt broker-led financial literacy program
by Reporter • 1 Oct 2018
A financial literacy program founded by Queensland broker Mhairi MacLeod has been taken up by more than 80 schools,... READ MORE

Royal commission releases interim report
by Reporter • 28 Sep 2018
The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE
Broker, broker model

‘Upsetting’ the broker model ‘wouldn’t be wise’: Bank CEO
by Reporter • 28 Sep 2018
The broking industry has been a “game-changer” in the Australian mortgage market, and changes that would... READ MORE
ban on broker commissions, Australian financial services royal commission, Consumer NZ

Consumer NZ calls for ban on broker commissions
by Tas Bindi • 28 Sep 2018
The New Zealand consumer advocacy organisation has recommended that commission payments to mortgage brokers be banned. READ MORE
FOS complaints, Royal commission, disputes

Royal commission escalated FOS complaints
by Tas Bindi • 28 Sep 2018
A record number of disputes were reported to the FOS in FY18, partly due to heightened attention on the industry... READ MORE

Brokers ‘doing more work than ever’
by Reporter • 28 Sep 2018
The increased scrutiny on expenses and a reducing risk appetite from the banks has led to brokers doing “more work... READ MORE
Open handcuffs

Former NAB introducer escapes prison sentence
by Reporter • 27 Sep 2018
A Melbourne-based photocopier technician has been fined and will serve 125 hours of community service after he was... READ MORE
Resign, step down, CEO

FinTech Australia CEO steps down
by Reporter • 27 Sep 2018
Brad Kitschke has resigned from his position as CEO of FinTech Australia citing health reasons, with the peak body... READ MORE
Aussie CEO James Symond, federal Treasurer Josh Frydenberg, brokers

Industry leaders meet with federal Treasurer
by Reporter • 26 Sep 2018
Aussie CEO James Symond has brought together some of the broking industry’s biggest businesses and federal Treasurer... READ MORE

Heightened focus on expenses will ‘benefit the industry’
by Reporter • 26 Sep 2018
The current scrutiny on mortgagor expenses and affordability will “benefit the industry at the end of the day”, an... READ MORE
boost, growth, settlements, bank reports

Bank reports $6.2bn boost in settlements
by Reporter • 26 Sep 2018
A non-major lender has reported “above system” mortgage growth and is expecting to further consolidate market share... READ MORE
Debt, higher rates, Moody's, High levels of household debt

High debt and higher rates to trigger arrears rise: Moody’s
by Reporter • 26 Sep 2018
High levels of household debt and higher interest rates are putting pressure on borrowers, with delinquencies set to... READ MORE
CEO Susan Mitchell, Mortgage Choice, market share loss

Major brokerage adds new lender to its panel
by Reporter • 26 Sep 2018
Mortgage Choice has announced adding a non-bank lender to its panel at a time when the banks are particularly cautious... READ MORE
APRA, Wayne Byres

APRA suggests broker networks could be made redundant
by Reporter • 25 Sep 2018
The FBAA has hit out at comments made by the chairman of APRA, who suggested that digital distribution and servicing... READ MORE