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Breaking News
'We have done enough' on mortgage curbs, says RBA
by James Mitchell • 11 Aug 2017
The Reserve Bank governor has told a parliamentary hearing about Australia’s “problematic” relationship and...
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Industry ‘needs to make adjustments’ to commissions: NAB
by Reporter • 11 Aug 2017
The major bank has said that the industry “needs to make adjustments to the standard commission model” to ensure...
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CBA to reduce commissions ‘imminently’: UBS
by Lucy Dean • 10 Aug 2017
The Commonwealth Bank will likely reduce 'spiralling' broker commissions in the near future in line with the Sedgwick...
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Former mortgage broker jailed for 8 years
by Reporter • 10 Aug 2017
A former mortgage broker has been sentenced to 8 years and 9 months imprisonment for deceptions totalling $1.902...
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Pepper accepts $675m takeover deal
by Reporter • 10 Aug 2017
Non-major lender Pepper has confirmed that it has accepted a takeover offer from California-based investment manager...
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Major bank combats channel conflict, says brokers a ‘strategic’...
by James Mitchell • 10 Aug 2017
One of Australia’s largest mortgage providers is using its existing branch network to strengthen the broker-client...
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Women in Finance finalists revealed
by Reporter • 10 Aug 2017
The finalists for the inaugural Women in Finance Awards have been announced, including many representatives and...
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MoneyQuest makes four new appointments
by Staff Reporter • 9 Aug 2017
MoneyQuest managing director Michael Russell has announced that the company has made four new appointments.
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Broker-originated loans drop by whopping 8% at CBA
by Reporter • 9 Aug 2017
The proportion of new home loans being written by brokers to the Commonwealth Bank has dropped by a whopping 8 per...
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CBA confirms acquisition of major brokerage
by James Mitchell • 9 Aug 2017
The Commonwealth Bank of Australia has confirmed that it expects to wholly own Aussie Home Loans by the end of this...
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Brokers have their say on channel conflict
by Annie Kane • 9 Aug 2017
Several leading brokers have revealed their thoughts on channel conflict and how it has affected their businesses.
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One in five brokers still don't have a website
by James Mitchell • 8 Aug 2017
A new report has identified some alarming trends about the mortgage broking industry’s relationship with online...
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Credit union becomes first lender to trial Digital iD
by Reporter • 8 Aug 2017
Credit union CUA has become the first lender to trial a new digital identity verification service launched by...
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Liberty thanks brokers for support
by Reporter • 8 Aug 2017
Non-major lender Liberty has thanked the broking community for its support over the years as it celebrates its...
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Connective partners with real estate network
by James Mitchell • 8 Aug 2017
Major aggregator Connective has formed a strategic partnership with a global real estate network that recently...
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Bankwest throws support behind brokers
by Staff Reporter • 8 Aug 2017
The major bank subsidiary has been dialing up its support for the third-party channel with a range of online mortgage...
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Independent property portal launches tailoring tool
by Staff Reporter • 7 Aug 2017
In preparation for the spring selling season, one independent property portal has launched a tailored data-driven tool,...
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Major bank mortgages to go digital
by James Mitchell • 7 Aug 2017
Following the 1 August deadline for paperless refinancing, one major lender has explained how technology is reshaping...
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P&N Bank extends ties with Perth Wildcats
by Staff Reporter • 7 Aug 2017
P&N Bank has announced that it will be maintaining its partnership with the Perth Wildcats a few months before the...
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‘Time for me to step down’: MFAA chair
by James Mitchell • 4 Aug 2017
The industry association has named a new chair-elect to replace outgoing chair Cynthia Grisbrook.
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NAB asks brokers for more information on IO loans
by Reporter • 4 Aug 2017
Brokers wishing to place customers into an interest-only mortgage with NAB will be required to collect and provide...
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HashChing receives more than $9bn of loan applications
by Reporter • 4 Aug 2017
Online mortgage marketplace HashChing has celebrated its second birthday and revealed that it has received more than $9...
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Former big bank adviser charged with forging documents
by Lucy Dean • 4 Aug 2017
The Australian Securities and Investments Commission has charged a former adviser at NAB with forging financial...
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Cross-selling 'doesn’t work', says bank CEO
by Reporter • 4 Aug 2017
Suncorp Group CEO Michael Cameron has suggested that cross-selling products to customers “doesn’t work”, but has...
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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...
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