Breaking News

Dollar sign

Inefficiency is ‘crushing profitability’ in US mortgage market
by Staff reporter • 25 Oct 2017
The CEO and co-founder of a US-based fintech has said that technology could unlock “billions of dollars of value”... READ MORE
Weng Wong

Award-winning broker: Weng Wong
by Staff reporter • 24 Oct 2017
This Adelaide-based broker took home three awards at the 2017 Better Business Summit. With a conversion rate of 96 per... READ MORE
ANZ, Westpac, NAB, scales of justice

Major bank to settle rate rigging case with ASIC
by Staff reporter • 24 Oct 2017
A big four bank has reached an in-principle agreement with the corporate watchdog to settle a court action relating to... READ MORE
Banks to develop individual approaches to remuneration

Banks to develop individual approaches to remuneration
by Reporter • 24 Oct 2017
The FBAA has welcomed the Australian Bankers’ Association’s decision to reverse its position on how the banking... READ MORE

MP grills CBA on brokers, offsets and big mortgages
by James Mitchell • 24 Oct 2017
NSW MP Kevin Hogan said that mortgage brokers have told him that it is in their best interest to get clients to... READ MORE
Penalty

Penalties for financial misconduct to increase
by Reporter • 24 Oct 2017
The Treasury is consulting on extending maximum prison terms, increasing civil penalties and expanding ASIC’s... READ MORE
Learning platform

New learning platform for brokers launched
by Staff reporter • 23 Oct 2017
A new interactive learning platform has been launched by the YBR Group, in partnership with Open Colleges, to drive... READ MORE
coins house mortgage repricing nab ceo andrew thorburn

‘No formula’ for mortgage repricing, says NAB CEO
by James Mitchell • 23 Oct 2017
The major bank boss has confirmed that quantifying interest rate increases in response to regulatory measures is an... READ MORE
Mortgage Choice, uptick

Mortgage Choice sees FHB flows jump to 15%
by Staff reporter • 20 Oct 2017
Historically low interest rates combined with additional first home buyer incentives are helping more potential buyers... READ MORE
Chess piece

Underinvestment in equipment would see SMEs ‘lose out’
by Reporter • 20 Oct 2017
The CEO of an asset finance and leasing solutions provider has warned that small businesses are less keen to invest in... READ MORE
Westpac

Major bank to refund $65m to customers
by Reporter • 20 Oct 2017
Westpac is to refund approximately $65 million to customers, including home loan customers, after finding that they... READ MORE
Launch, new lending platform

Aggregator launches new lending platform
by Reporter • 20 Oct 2017
Vow Financial has launched a new lending platform, powered by Salestrekker, which it says is “the most sophisticated... READ MORE
Launch new home loan

Macquarie and Aussie launch new home loan
by Reporter • 19 Oct 2017
Aussie Home Loans has launched a new home loan product in partnership with Macquarie Bank. READ MORE
Crisis, arrow down

Home loan arrears fell in August
by Reporter • 19 Oct 2017
The number of delinquent housing loans fell to 1.10 per cent in August, down from 1.17 per cent in July. READ MORE
Brokers

Brokers ‘not recording the outcomes’ of IO discussions: ASIC
by Reporter • 19 Oct 2017
Brokers may be having the appropriate conversation with borrowers on interest-only home loans, the financial services... READ MORE
Money, cash, affordable to get credit advice

Commissions make credit advice ‘affordable’
by Reporter • 19 Oct 2017
The CEO of a NAB-owned aggregator has revealed his thoughts on broker commissions, stating that he believes that they... READ MORE
Identity fraud

Agents not alert to identity fraud

by Staff reporter • 18 Oct 2017
Real estate agents are not doing enough to prevent identity fraud, a new survey has found. READ MORE
Residential lending policy

Adelaide Bank changes residential lending policies
by Reporter • 18 Oct 2017
Effective from 18 October, Adelaide Bank has reduced the time frame for off-the-plan valuations, added an additional... READ MORE
ANZ Shayne Elliott

Opinion: Will brokers have the ABA in their corner?
by James Mitchell • 18 Oct 2017
With pro-broker ANZ chief Shayne Elliott at the helm, could the Australian Bankers’ Association become an ally of the... READ MORE
Decline

‘Significant decline’ in interest-only loans
by Reporter • 17 Oct 2017
New data from Mortgage Choice has revealed that there was a 60 per cent decline in interest-only mortgages over a... READ MORE
asic broker renumeration good consumer outcomes

ASIC on broker remuneration and ‘good consumer outcomes’
by Reporter • 17 Oct 2017
A senior executive leader at ASIC has clarified what he believes "good consumer outcomes" look like, and shared his... READ MORE

New ASIC chair announced
by Reporter • 17 Oct 2017
James Shipton, executive director of the Program on International Financial Systems at Harvard Law School, has been... READ MORE
Loans

Mutual bank sees record number of broker-originated loans
by Reporter • 17 Oct 2017
Strength in the broker channel has helped Teachers Mutual Bank achieve a 19 per cent rise in its home loan performance,... READ MORE
realestate.com.au Home Loans

Realestate.com.au Home Loans portal goes live
by Reporter • 17 Oct 2017
The new realestate.com.au Home Loans portal has gone live, with two-thirds of Choice Home Loans brokers signing up to... READ MORE
afg mortgage aggregator results structural change

‘Major structural change’ in mortgages: AFG
by James Mitchell • 16 Oct 2017
The aggregator’s latest Mortgage Index results show that the market share of Australia’s major banks has hit a... READ MORE