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Major bank CEO has ‘no issue’ with brokers
by James Mitchell • 10 May 2017
Amid growing concerns about the future of broker remuneration, the chief executive of a major bank has explained how...READ MORE
Why this new-to-industry broker turned away his first deal
by Reporter • 10 May 2017
After purchasing nine investment properties in just six years, Kevin Sum decided to take his knowledge of the mortgage... READ MORE
Big four bank breaks rank on broker channel growth
by Francesca Krakue • 10 May 2017
The lender yesterday announced a profit of $2.6 billion, which it said was driven by “strong proprietary channel... READ MORE
Fixed rate demand surges in April
by Staff reporter • 10 May 2017
Mortgage Choice has reported a significant increase in demand for fixed rate home loans over April as banks continue to... READ MORE
Aggregator has ‘serious concerns’ about commission reforms
by James Mitchell • 9 May 2017
The head of a boutique aggregation group has slammed a number of recommendations made by Stephen Sedgwick on... READ MORE
Consumers go to brokers ‘to find best deal’: KPMG
by Reporter • 9 May 2017
Broker customers are largely drawn to the third-party channel to secure ‘the best deal’ but are most critical of... READ MORE
Non-bank director loses banning appeal
by Reporter • 9 May 2017
The Administrative Appeals Tribunal has affirmed ASIC’s banning of former Provident Capital MD Michael O’Sullivan... READ MORE
Bank increases owner-occupier variable rates
by Reporter • 9 May 2017
Heritage Bank has increased variable interest rates on selected products by 10 basis points as a result of “ongoing... READ MORE
Banks to work with broking industry on commission changes
by James Mitchell • 8 May 2017
The CEO of Australia’s largest brokerage is confident that the banks will consult with the third-party channel before... READ MORE
Former director convicted over illegal SMSF scheme
by Staff reporter • 8 May 2017
A Melbourne man has pleaded guilty to an offence relating to a scheme that facilitated the illegal early release of... READ MORE
ASIC sounds alarm on dodgy debt firms
by Staff reporter • 8 May 2017
ASIC has cracked down on misleading advertising by debt resolution firms, which should serve as a warning to borrowers... READ MORE
Non-major lender unveils new FHB offer
by Francesca Krakue • 8 May 2017
The lender’s new offer will allow first home customers to choose from a standard variable rate or five-year fixed... READ MORE
Broker mortgage volumes rise 10% at big four bank
by Reporter • 5 May 2017
Brokers wrote $92.5 billion of Australian home loans for NAB, new results for the half-year ending 31 March 2017 have... READ MORE
Firstmac party finds new home at FBAA
by James Mitchell • 5 May 2017
The infamous Firstmac afterparty — responsible for many a sore head at industry functions over the years — has... READ MORE
Online mortgage provider adopts Virtual VOI
by Reporter • 5 May 2017
HashChing has announced that it is making e4’s Virtual VOI platform available to all its partner brokers, following a... READ MORE
Property demand falls as lending curbs bite
by Staff reporter • 5 May 2017
The REA Group Property Demand Index dropped by 4.3 per cent nationally in April, as APRA’s cooling measures and major... READ MORE
Third-party veteran questions ‘integrity’ of Sedgwick review
by James Mitchell • 4 May 2017
While confident that ASIC’s review into broker remuneration will be beneficial for the third-party channel, the head... READ MORE
Data sharing would lead to ‘better outcomes for customers’
by Reporter • 4 May 2017
The founder and managing director of a personal loan provider has said that he believes open data should be “adopted... READ MORE
Kolenda tells borrowers to bargain with banks
by James Mitchell • 4 May 2017
Finsure boss John Kolenda has urged mortgage holders to negotiate a better deal with their bank as out-of-cycle rate... READ MORE
Major aggregator launches asset finance platform
by Reporter • 4 May 2017
Connective has launched a new asset finance quoting and processing platform to enable brokers to offer a more... READ MORE
Brokers have ‘important role to play’ for stressed households
by Francesca Krakue • 3 May 2017
Mortgage brokers have an important role to play for the increasing number of households experiencing mortgage stress,... READ MORE
Major bank’s broker-originated loans jump
by Reporter • 3 May 2017
The proportion of new home loans written by brokers for a major bank have increased by 5 per cent in a year, according... READ MORE
From professional cyclist to mortgage broker
by Reporter • 3 May 2017
In early 2017, professional cyclist Travis Meyer unclipped from his bike for the last time to become a mortgage broker... READ MORE
RBA announces cash rate decision - May 2017
by Francesca Krakue • 2 May 2017
The Reserve Bank of Australia has announced the outcome of today’s monthly board meeting.
READ MORE
Remuneration reform unites aggregators
by James Mitchell • 2 May 2017
The general manager of a boutique aggregation group has explained how the ASIC and Sedgwick reviews have prompted... READ MORE
APRA curbs hit YBR mortgage volumes
by James Mitchell • 2 May 2017
Yellow Brick Road has reported a fall in mortgage settlements over the three months to 31 March but managed to grow its... READ MORE
Elite broker tips market to grow amid regulatory flux
by Francesca Krakue • 2 May 2017
The increasingly complex lending environment will illuminate the value of brokers and is likely to see their share of... READ MORE
Eight lenders to take part in refinancing sale
by Reporter • 2 May 2017
Financial comparison website RateCity.com will host a home loan sale next Monday, which will see eight lenders cut... READ MORE
FBAA defends commission model to Senate inquiry
by Reporter • 1 May 2017
The industry association has defended the current broker commission model to the Senate economics references... READ MORE
Brokers have their say on IO crackdown
by Reporter • 1 May 2017
APRA’s latest curb on interest-only loans aims to reduce risk in the mortgage market, but several leading brokers... READ MORE
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