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Prospa, growth, loans, FY18

Prospa reports 70% growth in new loans in FY18
by Tas Bindi • 21 Sep 2018
The small business lender originated $367 million in loans in the 2018 financial year, representing an increase of 70... READ MORE

Mortgage Broker Forum submits report to Treasury
by Reporter • 20 Sep 2018
A group of the country’s leading mortgage brokers have handed a report to Treasury that puts forward six... READ MORE
empty wallet, HEM, abandon

HEM ‘likely to be abandoned’, suggests aggregator
by Reporter • 20 Sep 2018
The use of and reliance on the Household Expenditure Measure could “[be] abandoned completely or at least its... READ MORE
bankwest home loan rates rises

Non-major bank raises variable home loan rates
by Tas Bindi • 20 Sep 2018
Bankwest has become the latest in a line of lenders to announce changes to its variable home loan rates out of cycle,... READ MORE
drop in loan volumes

Bank reports 27.4% drop in loan volumes
by Reporter • 20 Sep 2018
A non-major lender has posted a 13.7 per cent profit increase, despite reporting a sharp decline in lending volumes. READ MORE
growth, business, rebranding

Business financier celebrates growth, rebrands
by Reporter • 20 Sep 2018
Book Buyers Brokerage Australasia Finance (BBBSA), a boutique financial services lender, has announced that it will... READ MORE
Credit card, mortgage, applications

Credit card reform to affect mortgage applications
by Reporter • 19 Sep 2018
A new responsible lending obligation imposed by the corporate regulator will expect credit licensees to “assume a... READ MORE
worth your while, broker, time, clock

Major brokerage offers ‘guarantee’ to customers
by Reporter • 19 Sep 2018
A major brokerage has launched a new campaign that commits to providing customers with $100 if they don’t believe... READ MORE
broker, challenging environment, resilience

Aggregator CEO highlights broker resilience
by Reporter • 19 Sep 2018
Brokers thrive in challenging environments and have demonstrated “time and time again” their resilience to changes... READ MORE

Non-bank lender changes broker commissions
by Reporter • 18 Sep 2018
A non-bank lender has announced that it will be changing the way upfront broker commissions are calculated from 12... READ MORE
target, major litigation

Brokers targeted in major litigation proceedings
by Reporter • 18 Sep 2018
Maurice Blackburn Lawyers has confirmed that it is preparing court proceedings against the major banks and brokers in... READ MORE

‘Vast majority’ of brokers reaccredit with CBA
by Reporter • 18 Sep 2018
The major bank has finished its reaccreditation process for “inactive” brokers and will now begin contacting... READ MORE
NAB, broker partnerships, Mike Baird

Mike Baird to head up NAB broker partnerships
by Reporter • 17 Sep 2018
The former NSW Premier and Treasurer is to take up a new role as head of NAB’s retail banking business, responsible... READ MORE
acquisition

Firstmac announces bid to acquire lender
by Reporter • 17 Sep 2018
The non-bank lender has announced the proposed acquisition of a Queensland-based lender, following its failed... READ MORE
variable rates, home loans, borrowers

Borrowers still opting for variable rates despite hikes
by Reporter • 17 Sep 2018
Out-of-cycle rate hikes from non-major banks have not weakened demand for variable rates. However, recent pricing... READ MORE
digital documentation

New digital documentation service for brokers launches
by Reporter • 17 Sep 2018
A non-bank lender and law firm have partnered to release a new digital documentation service for brokers and their... READ MORE

Details of YBR takeover offer revealed
by Reporter • 14 Sep 2018
Yellow Brick Road has released the details of the Mercantile OFM takeover offer, including what would happen to the... READ MORE
Broker, growth, arrow up, increase

Rapid broker growth delivers results for lender
by Reporter • 14 Sep 2018
Australia’s largest credit union has announced that the share of broker lending has risen dramatically over the past... READ MORE
Australian money, cash, mortgage facility

YBR opens negotiations with major for $300m mortgage facility
by Reporter • 14 Sep 2018
The financial services franchise group has announced that it has commenced negotiations with a major bank to secure a... READ MORE
asic ban westpac employee stop sign

Tribunal upholds ASIC ban on former Westpac employee
by Reporter • 14 Sep 2018
A former Westpac employee will be prohibited from providing financial advice for three years after the Administrative... READ MORE
new marketing platform, launch

Aggregator launches new marketing platform for brokers
by Reporter • 14 Sep 2018
Finance aggregator Connective has announced the launch of a new marketing platform for brokers to automate client... READ MORE

‘Concerning’ levels of poor mental health in financial services
by Reporter • 13 Sep 2018
The CEO of mental health organisation SuperFriend has said that there are some “concerning statistics” around... READ MORE
Mortgage, property, living a comfortable, retirement

No mortgage key to living a comfortable retirement
by Reporter • 13 Sep 2018
Not having to worry about paying a mortgage or rent is among the top things that Australians across all generations... READ MORE

ASIC approves AFCA’s complaint resolution rules
by Reporter • 13 Sep 2018
The corporate regulator has approved the rules underpinning the Australian Financial Complaints Authority’s... READ MORE
Reject, decline

60% of non-conforming borrowers don’t get a loan
by Reporter • 13 Sep 2018
Around six in 10 potential non-conforming borrowers don’t end up getting a loan because they are either rejected or... READ MORE