Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Mortgage

‘Essential’ brokers advising Xinja on mortgage strategy
by Reporter • 26 Feb 2018
The chief executive of banking disruptor Xinja has revealed that mortgage brokers have been involved in the group’s... READ MORE
MyState reports 15% growth in broker settlements

MyState reports 15% growth in broker settlements
by Reporter • 23 Feb 2018
Broker-originated mortgages accounted for 74.5 per cent of settlements, according to the lender’s half-year results,... READ MORE
Broker have ‘key role’ in communicating CCR changes

Brokers have ‘key role’ in communicating CCR changes
by Staff Reporter • 23 Feb 2018
Online lender RateSetter is calling on brokers to help combat misunderstanding and fear about changes to comprehensive... READ MORE

Royal commission releases mortgage broking report
by Reporter • 23 Feb 2018
In its second background paper, the Royal Commission into Misconduct in the Banking, Superannuation and Financial... READ MORE

The top brokers, BDMs and offices of South Australia
by Reporter • 23 Feb 2018
Keith Caine, of Mortgage Choice Glenelg, has been awarded as SA’s Best Residential Broker and Broker of the Year at... READ MORE
Fall, arrow down

Mortgage Choice reports 6% fall in broker settlements
by Reporter • 23 Feb 2018
Loan settlements originated through the broker channel dropped by 6 per cent in the first half of FY18, despite growth... READ MORE
Former NAB GM joins MSA National

Former NAB GM joins MSA National
by Reporter • 22 Feb 2018
David Berry, a former general manager of broker operations at NAB, has joined law firm MSA National as associate... READ MORE
Banknotes, money, Australian dollars

Homeloans settlements surpass $2bn
by Reporter • 22 Feb 2018
The non-bank lender has announced that its loan settlements have risen by 27.5 per cent in a year, rising to $2.2... READ MORE
New data breach law comes into effect today

New data breach law comes into effect
by Reporter • 22 Feb 2018
Beginning 22 February, some brokers are legally required to report to both government and affected individuals... READ MORE

ASIC flags conflicts of interest for brokers
by Reporter • 22 Feb 2018
The financial services regulator has backed claims from the Productivity Commission that “there are conflicts of... READ MORE
josh egan building blocks refinancing interest only loans proactive

Brokers should be ‘proactive’ in refinancing IO clients
by Reporter • 22 Feb 2018
Melbourne-based broker Josh Egan says that brokers should be “proactive” and offer refinancing to interest-only... READ MORE
Partnership

La Trobe Financial adopts Virtual VOI
by Reporter • 21 Feb 2018
The specialist lender has partnered with e4 Australia to become the first lender to adopt the tech company’s Virtual... READ MORE
Charging fees would be anti-competitive, warns aggregator head

Charging fees would be anti-competitive, warns aggregator head
by Tas Bindi • 21 Feb 2018
Competition would decrease in the Australian financial system if consumers were forced to pay brokers a fee, the... READ MORE
calculator pencil paul ryan remuneration incorrect figures

Broker rejects PC report’s ‘incorrect’ remuneration figures
by James Mitchell • 21 Feb 2018
An industry veteran has rejected the Productivity Commission’s claims that brokers receive more than $4,600 in... READ MORE
Facebook

Facebook referral helped broker settle millions
by Reporter • 21 Feb 2018
A broker has advocated the use of social media as a “very powerful” tool for lead generation. READ MORE
Lending restrictions ‘helpful’ in easing household debt concerns

Lending restrictions ‘helpful’ in easing household debt concerns
by Reporter • 20 Feb 2018
Regulatory measures imposed to curb lending growth were “helpful” in containing risks associated with record high... READ MORE
mortgage broker scrutiny magnifying glass looking eye

Opinion: The missing piece in mortgage broker scrutiny
by James Mitchell • 20 Feb 2018
With more and more reports being published about the mortgage broking industry, there is one conspicuous area that has... READ MORE

Royal commission ‘opens the banks up to class actions’: UBS
by Reporter • 20 Feb 2018
If evidence of “mortgage mis-selling and irresponsible lending” is found during the royal commission, the banks... READ MORE
tighten mortgage lending

NAB, Advantedge tighten mortgage lending criteria
by Staff Reporter • 19 Feb 2018
The major bank has reduced its loan-to-income (LTI) ratio in response to regulatory concerns about Australia’s high... READ MORE
mystate bank broker support appointment stacking head blocks

Bank announces new broker support appointment
by Reporter • 19 Feb 2018
MyState Bank has hired the former head of broker support at My Local Broker, Stephanie Kennar, for a new role... READ MORE

FBAA slams CHOICE, highlights the benefit of trail
by Reporter • 19 Feb 2018
The Finance Brokers Association of Australia (FBAA) has reaffirmed the benefits of trail commission, hitting out at... READ MORE
Loan Market hires former YBR CEO

Loan Market hires former YBR CEO
by Reporter • 19 Feb 2018
Mortgage broking and finance group Loan Market has appointed former Yellow Brick Road CEO Matt Lawler to the role... READ MORE
rate changes

Macquarie and ING announce rate changes
by Reporter • 16 Feb 2018
The two lenders have made a broad range of changes to interest rates offered on their home loans. READ MORE
$7.8m penalties for three small financial firms

$7.8m penalties for three small financial firms
by Staff reporter • 16 Feb 2018
Penalties totalling $7.8 million have been issued to three related businesses for numerous breaches of consumer... READ MORE
Better Business Awards 2018

QLD brokers honoured at Better Business Awards 2018
by Reporter • 16 Feb 2018
The top brokers, brokerages, lender BDMs and loan administrators in Queensland have been honoured at The Adviser’s... READ MORE