Breaking News
Westpac hikes rates by 34 points
by James Mitchell • 20 Jun 2017
The major bank has today announced further interest rate increases but says they are not in response to the bank...READ MORE
AFG expects 45% profit surge as branded loans mature
by Lucy Dean • 20 Jun 2017
The major aggregator has upgraded its net profit expectations for 2017 by nearly 45 per cent following changes to how... READ MORE
Mortgage Choice names new chairman
by James Mitchell • 20 Jun 2017
The major brokerage today announced that Vicki Allen has been appointed a director of Mortgage Choice and she will... READ MORE
CBA pays $23m in compensation
by Staff reporter • 19 Jun 2017
The Commonwealth Bank has released the seventh and final independent report into its compensation scheme for victims of... READ MORE
Act as if: Why brokers need to shift their beliefs
by Lucy Dean • 19 Jun 2017
Bestselling author and speaker Chris Helder explains how brokers can apply “useful belief” to achieve better... READ MORE
Brokers remain bullish as housing market turns
by James Mitchell • 19 Jun 2017
The majority of mortgage brokers surveyed by a non-major bank believe the Sydney and Melbourne property markets are yet... READ MORE
AMP Bank announces investor lending changes
by James Mitchell • 19 Jun 2017
The challenger bank has today announced changes to investor lending to manage its portfolio and align with regulatory... READ MORE
ASIC industry funding model passes Senate
by Reporter • 16 Jun 2017
The new industry funding model for ASIC has been passed into law and will commence on 1 July 2017.
READ MOREBanks pull the broker lever as APRA pressures mount
by James Mitchell • 16 Jun 2017
In addition to rate hikes and policy changes, brokers are proving to be a convenient lever for the banks to pull as... READ MORE
AFG appoints chief executive officer
by Reporter • 16 Jun 2017
The board of aggregator AFG has announced that David Bailey has been appointed as the company’s chief executive... READ MORE
Virgin Money raises IO rates for new loans
by staff reporter • 16 Jun 2017
The challenger brand has announced that it has increased the variable interest rates for owner-occupiers and investors... READ MORE
LinkedIn driving 80% of deals for non-bank
by James Mitchell • 16 Jun 2017
Social media has become the primary lead generator for a non-bank lender, which is now seeing significant interest from... READ MORE
Choice sub-aggregator secures JV with accountants
by Staff reporter • 16 Jun 2017
Purple Circle Financial Services has finalised a joint-venture agreement with tax accountants Pop Up Tax Shop and Mr... READ MORE
Homeloans reduces rates for owner-occupiers
by Staff reporter • 16 Jun 2017
A non-bank lender has announced that, effective immediately, a fixed rate home loan for owner-occupier home loans will... READ MORE
CBA changes serviceability calculations
by Reporter • 16 Jun 2017
A big four bank has changed its serviceability calculations for new owner-occupier and investment home loans, as well... READ MORE
Aggregator warns brokers of major industry changes
by James Mitchell • 15 Jun 2017
The head of a major aggregator has told brokers to brace for multiple pricing and policy changes from all lenders,... READ MORE
Mortgage manager rebrands following merger
by Lucy Dean • 15 Jun 2017
Four mortgage businesses have recently joined forces and come together under a single brand.
READ MOREFBAA expands team
by Lucy Dean • 15 Jun 2017
The Finance Brokers Association of Australia has appointed a senior manager to its newly created commercial brand... READ MORE
Banks and brokers in remuneration talks
by James Mitchell • 14 Jun 2017
Representatives from the mortgage broking industry have met with the Australian Bankers’ Association to discuss... READ MORE
Broking boss dismisses channel conflict
by James Mitchell • 14 Jun 2017
The head of a national brokerage says channel conflict is “not a systemic issue” despite rising broker fears that... READ MORE
‘Data is king’ mindset stokes growth for brokerage
by Lucy Dean • 14 Jun 2017
A Melbourne-based brokerage has surpassed $100 million customer submissions by leveraging customer data and overhauling... READ MORE
Connective announces new appointments
by Reporter • 14 Jun 2017
Major aggregator Connective has announced that it has expanded its support team following an uptick in... READ MORE
The secrets of digital marketing unveiled
by staff reporter • 14 Jun 2017
Harnessing digital marketing can help a business attract new clients, establish trust and provide a point of... READ MORE
Nominations open for Women in Finance Awards
by staff reporter • 13 Jun 2017
Submissions are now open for the inaugural Women in Finance Awards, the flagship event that aims to highlight the... READ MORE
Brokers losing clients as channel conflict thrives
by James Mitchell • 13 Jun 2017
EXCLUSIVE Mortgage brokers have grown increasingly concerned about channel conflict over the last 12 months and singled... READ MORE
Most loans to be sourced digitally ‘within 10 years’, says fintech
by Lucy Dean • 13 Jun 2017
A web-based brokerage has predicted that “within five to 10 years” most home loans will be sourced through digital... READ MORE
Non-major announces rate hike on investor loans
by Lucy Dean • 13 Jun 2017
A Queensland-based lender is set to increase both fixed and variable rates for investors, reflecting crackdowns on... READ MORE
Investor commitments fall sharply in April
by Lucy Dean • 13 Jun 2017
Macroprudential regulation has had an “immediate impact” on mortgage lending, analysts have suggested, pointing to... READ MORE
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

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