Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Broker clients shun majors as ‘anti-bank’ sentiment grows

by James Mitchell • 9 Jun 2017

An increasing number of Australians are telling brokers they do not want a home loan with a big four bank, a new report...READ MORE

IO borrowers could struggle to refinance, warns industry

by Lucy Dean • 9 Jun 2017

Interest-only borrowers may have difficulty refinancing, following a crackdown from the Australian Prudential... READ MORE

Aussies blame foreigners for surging property prices: report

by Staff reporter • 9 Jun 2017

Almost 60 per cent of Australians believe foreign investor activity is responsible for booming property prices, with... READ MORE

Non-major bank changes IO credit policy

by Reporter • 9 Jun 2017

A non-major lender has announced that it is implementing a policy change for new and existing interest-only investment... READ MORE

Brokers slam APRA’s ‘sledgehammer’ approach to IO loans

by Annie Kane and Lucy Dean • 8 Jun 2017

The Australian Prudential Regulation Authority has been castigated by brokers for its nationwide “sledgehammer”... READ MORE

Former broker boss to join LMI provider

by Reporter • 8 Jun 2017

Suncorp's former broker head, Steven Degetto, is to join a leading provider of Lenders Mortgage Insurance as its chief... READ MORE

ASIC consults on mortgage offset class order

by staff reporter • 8 Jun 2017

The financial services regulator has released a consultation paper on its proposals to remake two instruments relating... READ MORE

FBAA to launch reverse mortgage training course

by Lucy Dean • 8 Jun 2017

The Finance Brokers Association of Australia has commissioned a reverse mortgage training course for brokers.

Non-bank boss urges brokers to ‘reinvent’ themselves

by James Mitchell • 7 Jun 2017

The head of one of Australia’s largest non-bank lenders says there is a “revolution going on” in mortgage broking... READ MORE

Lender stops offering owner-occupied IO fixed rates

by Reporter • 7 Jun 2017

A non-major lender has announced that new applications for interest-only repayments on owner-occupied fixed rate loans... READ MORE

Disparity between RBA and bank rates confusing mortgagors

by Reporter • 7 Jun 2017

Consumers are increasingly caught in ‘camp confusion’ as lenders increase their interest rates despite the cash... READ MORE

RBA makes cash rate decision - Jun 2017

by Lucy Dean • 6 Jun 2017

The Reserve Bank has announced its cash rate decision following its monthly board meeting.

ASIC slammed for ‘persecuting’ brokers over customer fraud

by James Mitchell • 6 Jun 2017

A financial services lawyer has criticised the corporate regulator for persecuting brokers and believes more should be... READ MORE

Mortgage market more complex than ‘ever before’: Mortgage Choice

by Reporter • 6 Jun 2017

The recent rate and policy changes by lenders has made the mortgage market “more complicated and confusing than ever... READ MORE

Brokers share their views on the budget and cash rate

by Reporter • 6 Jun 2017

An industry survey has revealed that brokers are largely sceptical that the housing and banking measures announced in... READ MORE

Heritage launches fund for police officer killed on duty

by Staff reporter • 6 Jun 2017

Heritage Bank has established a fund to accept donations from the public to support the family of Senior Constable... READ MORE

Sydney broker's unique remuneration model

by James Mitchell • 5 Jun 2017

A Sydney-based broker has revealed why he pays his staff a salary and how he has managed to reduce the group’s... READ MORE

Bank hits borrowers with 0.76% rate hike

by Staff reporter • 5 Jun 2017

A major bank subsidiary has increased the variable interest rate on owner-occupier home loans by 76 basis... READ MORE

Foreigners to pay for FHB tax breaks

by James Mitchell • 5 Jun 2017

The state government has announced a raft of measures to improve housing affordability including scrapping stamp duty... READ MORE

Why brokers are ‘a provider of choice’

by Reporter • 5 Jun 2017

An award-winning regional broker has highlighted how brokers are providing customers with not only a choice of lender,... READ MORE

ASIC to undertake new loan fraud project

by Reporter • 2 Jun 2017

The financial services regulator has revealed that it is currently scoping a new project into loan fraud, which could... READ MORE

New green loan product comes to broker channel

by Reporter • 2 Jun 2017

A peer-to-peer lender has launched a new green loan to help broker clients invest in sustainable and low-emissions... READ MORE

Industry body appoints new independent directors

by Lucy Dean • 2 Jun 2017

The Mortgage and Finance Association of Australia has appointed two new independent directors to its board, following... READ MORE

‘Moving target’ of regulation posing challenges, says broker

by Francesca Krakue • 2 Jun 2017

An award-winning regional broker has discussed the difficulties presented by lenders’ changing appetites and... READ MORE

Bank CEO warns against ‘white anting’ brokers

by James Mitchell • 1 Jun 2017

The chief executive of an Australian bank has spoken out about channel conflict in the mortgage industry and says a... READ MORE

Mutual lender the latest to hike interest rates

by Lucy Dean • 1 Jun 2017

An Australian mutual bank has joined the ranks of those hiking rates on interest-only loans, and has reduced the... READ MORE

Value of foreign investment in real estate revealed

by Staff reporter • 1 Jun 2017

A new report has highlighted the positive impact foreign investment has on real estate and the economy, calling on... READ MORE

White-label funder releases new variable rates

by Lucy Dean • 1 Jun 2017

A white-label loans distributor has announced "special" variable rates for brokers and a "simplified" pricing... READ MORE

Branches still leading channel for major banks

by James Mitchell • 31 May 2017

Brokers are writing less than 50 per cent of mortgages for the big four banks but have become the dominant channel for... READ MORE

Brokers help bank boost home loan growth by 95%

by Reporter • 31 May 2017

Mortgage brokers have been responsible for 95 per cent of a Tasmanian bank’s home loan growth in the past year,... READ MORE

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