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Breaking News
‘Moving target’ of regulation posing challenges, says broker
by Francesca Krakue • 2 Jun 2017
An award-winning regional broker has discussed the difficulties presented by lenders’ changing appetites and...
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Bank CEO warns against ‘white anting’ brokers
by James Mitchell • 1 Jun 2017
The chief executive of an Australian bank has spoken out about channel conflict in the mortgage industry and says a...
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Mutual lender the latest to hike interest rates
by Lucy Dean • 1 Jun 2017
An Australian mutual bank has joined the ranks of those hiking rates on interest-only loans, and has reduced the...
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Value of foreign investment in real estate revealed
by Staff reporter • 1 Jun 2017
A new report has highlighted the positive impact foreign investment has on real estate and the economy, calling on...
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White-label funder releases new variable rates
by Lucy Dean • 1 Jun 2017
A white-label loans distributor has announced "special" variable rates for brokers and a "simplified" pricing...
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Branches still leading channel for major banks
by James Mitchell • 31 May 2017
Brokers are writing less than 50 per cent of mortgages for the big four banks but have become the dominant channel for...
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Brokers help bank boost home loan growth by 95%
by Reporter • 31 May 2017
Mortgage brokers have been responsible for 95 per cent of a Tasmanian bank’s home loan growth in the past year,...
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Lenders must ‘adapt or lose share’ to fintechs: Lender CEO
by Reporter • 31 May 2017
Fintechs are “good for brokers and business” and lenders must “adapt or follow them or lose share to them”,...
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New insurance offering for mortgage broker clients
by Lucy Dean • 31 May 2017
A new partnership has been announced that aims to provide mortgage brokers with a life insurance solution for their...
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Bank raises rates, sets sights on brokers
by Reporter • 30 May 2017
A challenger bank has announced a raft of changes to interest rates and revealed its broker strategy for the near...
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Aggregator surpasses $60bn trail book value
by Lucy Dean • 30 May 2017
Strong retention rates and robust growth has seen a major bank-owned aggregator grow its trail-book value beyond $60...
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FBAA calls for independent actuary
by Lucy Dean • 30 May 2017
The Finance Brokers Association of Australia has called for the appointment of an independent actuary to investigate...
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Rate tracker mortgage wins innovation award
by Lucy Dean • 30 May 2017
A regional lender’s ‘rate tracker’ home loan has been recognised as the “Innovative Mortgage Offering of the...
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Bank commission changes drive senior broker to diversify
by James Mitchell • 29 May 2017
A top mortgage broker has explained how he diversified his business after learning that one of the big four banks had...
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Uno. boss reveals his vision of the future of mortgage lending
by Reporter • 29 May 2017
The managing director of online mortgage broker uno. has suggested that artificial intelligence in mortgages could...
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FBAA speaks out in support of single EDR scheme
by Lucy Dean • 29 May 2017
A new external dispute regulation (EDR) scheme has been backed by the Finance Brokers Association of Australia (FBAA),...
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Aggregator limits LVR in light of APRA directive
by Lucy Dean • 29 May 2017
Connective Home Loans has followed in the footsteps of Australia’s big banks, announcing changes to maximum...
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Claims of fudged expenses ‘ludicrous’, says aggregator
by Francesca Krakue & Lucy Dean • 26 May 2017
The CEO of a boutique aggregator has slammed a report that claims expenses are “fudged” by brokers in order to get...
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Broker sued by aggregator in loan fraud case
by James Mitchell • 26 May 2017
A leading mortgage industry lawyer has warned brokers of the shortcomings of professional indemnity insurance following...
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Millennials and Sydneysiders go for fixed rates
by Staff reporter • 26 May 2017
New research from Gateway Credit Union has found that more than 40 per cent of Australians between the ages of 18 and...
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Government grants and low rates attracting FHBs
by Staff reporter • 26 May 2017
New research from one of Australia’s biggest brokerages has found that recent changes to various first home buyer...
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Industry heads speak out on channel conflict
by Reporter • 25 May 2017
The head of a major aggregator and the executive director of an industry association have hit out at reports of channel...
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SMSF loans facing ‘double whammy’, says broker
by Miranda Brownlee • 25 May 2017
A combination of higher loan-to-value ratios and increased liquidity requirements is making it harder for SMSF...
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Westpac group hike fixed rates for interest-only loans
by Lucy Dean • 25 May 2017
Rates for interest-only investment loans have been raised by up to 20 basis points across all four of Westpac group’s...
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Industry bodies join forces against EDR scheme
by Staff reporter • 25 May 2017
A number of membership associations from across the financial services spectrum have combined efforts to oppose the...
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