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Auswide hikes rates by 40bps

by Lucy Dean • 22 Aug 2017
A Queensland-based bank has announced a 40 basis point increase to its investment products, citing a need to ensure...READ MORE

Brokers, banks accused of using ‘aggressive sales tactics’

by Lucy Dean • 22 Aug 2017
Westpac bank staff are required to meet targets of six to nine home loan requests per week or be “performance... READ MORE

Broker channel needs to be ‘undercut’, says fintech boss

by James Mitchell • 22 Aug 2017
The founder of an online mortgage marketplace says there is too much “fat” in the home loan value chain and... READ MORE

Australian public ‘deserves to know’: FBAA

by Lucy Dean • 21 Aug 2017
The Australian public “deserves to know what’s going on”, the Finance Brokers Association of Australia has said... READ MORE

Broker-originated loans surge by 73% at MyState

by Reporter • 21 Aug 2017
Mortgage brokers wrote $871.6 million of new home loans to Tasmanian-based lender MyState Bank in the financial year... READ MORE

National TV campaign champions mortgage brokers

by James Mitchell • 21 Aug 2017
A national television and radio campaign has positioned mortgage brokers as the go-to professionals for Australian home... READ MORE

Broker sees value in cosy bank relations

by James Mitchell • 21 Aug 2017
One leading mortgage professional has revealed how a different way of working with the banks is leading to better... READ MORE

Fintech launches broker version of ‘Fitbit’

by Lucy Dean • 18 Aug 2017
HashChing has introduced a Fitbit-like service which allows brokers to “dig deeper” into analytics, track... READ MORE

Macquarie changes new variable and fixed rates

by staff reporter • 18 Aug 2017
The challenger bank is reducing its variable and fixed rates for some new mortgages but increasing the variable rate... READ MORE

'Harder to get a loan approved by a bank': Bouris

by Reporter • 18 Aug 2017
It is now harder to get a loan approved by a bank, according to the executive chairman of Yellow Brick Road, who... READ MORE

Broker blasts ‘smoke and mirrors’ of online lending

by Lucy Dean • 18 Aug 2017
A broker has condemned the “smoke and mirrors” and delayed turnaround of online lending, saying that “nothing has... READ MORE

Former ANZ head of broker joins Resolve Finance

by Reporter • 17 Aug 2017
Glenn Haslam, a former head of broker distribution at ANZ, has joined finance provider Resolve Finance as general... READ MORE

‘We're many years away from robo-advice’, says brokerage head

by Reporter • 17 Aug 2017
The managing director of a national brokerage has reassured brokers that the industry is “many years away” from... READ MORE

Brokers flock to mutuals as big bank sentiment sours

by James Mitchell • 17 Aug 2017
A handful of Australia’s mutual lenders have seen a significant increase in demand from the broker channel as... READ MORE

More investors sacrificing lifestyle to buy property

by Julianne Leybag • 16 Aug 2017
New research shows that more Australian investors are choosing to sacrifice their lifestyle in order to buy... READ MORE

IO restrictions see non-majors lift rates

by Lucy Dean • 16 Aug 2017
Heritage Bank is the latest entrant to the interest-only hiking club, introducing rate increases of up to 40 basis... READ MORE

Opinion: Is CBA shorting mortgage brokers?

by James Mitchell • 16 Aug 2017
Australia’s biggest bank is under fire, and for good reason. But will CBA’s complete ownership of Aussie Home Loans... READ MORE

Australia Post 'excited' about the mortgages market

by Reporter • 16 Aug 2017
The postal services company has revealed that it is “excited about the mortgages space” and is in talks with the... READ MORE

It ‘no longer makes sense’ to recommend IO loans

by Lucy Dean • 15 Aug 2017
Faced with increasing rates on interest-only loans, 'competent' brokers should only recommend principal and interest... READ MORE

Brokers settled 'record' $49bn in June quarter

by Julianne Leybag • 15 Aug 2017
Australian finance brokers settled a “record” $49.46 billion worth of residential home loans in the June 2017... READ MORE

Heritage praises third-party team following strong growth

by James Mitchell • 15 Aug 2017
Mutual lender Heritage Bank has recognised its broker distribution team with an award for best overall performance at... READ MORE

REA lacks ‘competitive advantage’ in broker channel

by James Mitchell • 15 Aug 2017
Analysts have echoed the concerns of existing players in warning that the real estate giant’s move into mortgages... READ MORE

Bouris eager to innovate amid APRA crackdown

by James Mitchell • 15 Aug 2017
Mark Bouris has outlined how Yellow Brick Road could move further into product manufacturing as the banks fail to meet... READ MORE

‘Best’ investment plans have realistic buffers: Financial Mappers

by Lucy Dean • 14 Aug 2017
To produce a resilient financial plan, investors need to understand the political and regulatory climate domestically... READ MORE

MyState Bank revamps online broker portal

by Reporter • 14 Aug 2017
The Tasmanian bank has redesigned its online broker portal as part of its broker channel strategic investment... READ MORE

Frank Ganis joins major brokerage

by James Mitchell • 14 Aug 2017
Mortgage veteran Frank Ganis has joined a national mortgage brokerage after stepping down from his role as executive... READ MORE

85% of broker workload ‘immune’ to automation

by Lucy Dean • 14 Aug 2017
Just 15 per cent of broker tasks are susceptible to automation, placing brokers on the lower end of the risk spectrum,... READ MORE

Necessity of diversity in brokerage staff a ‘no-brainer’

by Lucy Dean • 11 Aug 2017
Without engaging a diverse workforce, brokerages risk having 'blind spots' in terms of opinions, skills and clientele,... READ MORE

Major bank cuts rates by 55 bps

by Lucy Dean • 11 Aug 2017
The Commonwealth Bank has announced a raft of changes to interest rates on owner-occupied and investor home loans, with... READ MORE

'We have done enough' on mortgage curbs, says RBA

by James Mitchell • 11 Aug 2017
The Reserve Bank governor has told a parliamentary hearing about Australia’s “problematic” relationship and... READ MORE
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