Mortgage and Finance Brokers Breaking News - The Adviser

Mortgage fraud case ‘reassuring’ for brokers

by Lucy Dean • 4 Aug 2017

In a “reassuring” verdict for brokers, the Supreme Court of New South Wales has ruled against a defendant who... READ MORE

CBA heads to court over money laundering allegations

by James Mitchell • 3 Aug 2017

Australia’s financial intelligence and regulatory agency initiated, on 3 August, civil penalty proceedings in the... READ MORE

Virgin Money raises IO rates by up to 50 bps

by Lucy Dean • 3 Aug 2017

Virgin Money is the latest to join the ranks of lenders raising rates on interest-only loans, increasing fixed rates by... READ MORE

Aussie sells nMB to Liberty Financial

by Reporter • 3 Aug 2017

Leading non-major lender Liberty Financial has acquired wholesale aggregator nMB from Aussie Home Loans, effective... READ MORE

New Broker Academy extended to Brisbane and Perth

by staff reporter • 3 Aug 2017

Due to popular demand, The Adviser’s New Broker Academy will visit Perth and Brisbane in October to equip new... READ MORE

Choice adds Virgin Money to lender panel

by Staff Reporter • 2 Aug 2017

Virgin Money has announced that it will be teaming up with major aggregator Choice Aggregation Services just a year... READ MORE

Major bank implements Sedgwick remuneration reforms

by James Mitchell • 2 Aug 2017

A big four bank has announced significant changes to its incentives program, following recommendations outlined in the... READ MORE

Mutuals lift IO rates by up to 50 bps

by Lucy Dean • 2 Aug 2017

Teachers Mutual Bank and its subsidiaries have announced a raft of rate hikes to their interest-only offerings, with... READ MORE

ANZ responds to media reports on broker appetite

by Staff Reporter • 1 Aug 2017

The major bank has issued a statement in response to recent claims made by AFR columnist Christopher Joye that the... READ MORE

RBA makes official cash rate call - Aug 2017

by Reporter • 1 Aug 2017

The Reserve Bank of Australia has announced its official interest rate verdict for August following its monthly board... READ MORE

Westpac cracks down on borrower expenses

by Lucy Dean • 1 Aug 2017

Borrowers could be forced to wait for loan approval as a result of tightened expense-to-income ratio thresholds at... READ MORE

Opinion: Will this major bank cut out brokers?

by James Mitchell • 1 Aug 2017

New information has come to light about the future mortgage distribution strategy, including plans to reduce... READ MORE

Leading broker reveals how to boost your volumes

by Reporter • 1 Aug 2017

A top business writer has revealed how writing an extra three loans a month could help you go from writing $70 million... READ MORE

Brokerage on acquisition path following strong quarter

by James Mitchell • 1 Aug 2017

An ASX-listed diversified brokerage is on the hunt for acquisition opportunities after posting strong growth over the... READ MORE

NRL player’s ‘certain aura’ will help in broking career

by Lucy Dean • 31 Jul 2017

A former Manly Sea Eagles rugby player has been appointed as business development manager at Bell Partners Finance,... READ MORE

UBS: $200 fee is 'more reasonable' than broker commissions

by Reporter • 31 Jul 2017

Research analysts have suggested that reducing broker commissions, and instead paying a fee, would be “an obvious... READ MORE

CBA doubles waiting period for IO switch

by Lucy Dean • 28 Jul 2017

The waiting period for customers seeking to switch to an interest-only repayment method has doubled from 90 days to 180... READ MORE

In Memoriam: Henry James Cusack, 1988-2017

by Reporter • 28 Jul 2017

Henry Cusack, a mortgage broker and finance consultant at Bespoke Finance Group, was remembered at a memorial service... READ MORE

Rate spread to widen amid IO crackdown, says broker

by James Mitchell • 28 Jul 2017

A leading Sydney-based mortgage broker has explained how regulatory pressures to reduce interest-only lending... READ MORE

connective aggregator mark haron brokers settle

Connective brokers settle record amount in June

by Reporter • 28 Jul 2017

The major aggregator has revealed that its brokers settled a record amount of loans in June, surpassing the $4 billion... READ MORE

Non-bank launches loan tracking tool

by James Mitchell • 28 Jul 2017

One of Australia’s largest non-bank lenders has launched a new loan tracking app aimed at helping mortgage brokers... READ MORE

New LIXI CEO focuses on 'democratising' mortgage processing

by Reporter • 27 Jul 2017

Dr Shane Rigby, the new CEO of LIXI, reveals what the body has been up to since he stepped into the role left vacant by... READ MORE

Elite broker shares his top tips for success