Charbel Kadib

Pre-Christmas cash rate revealed

The central bank has announced its final cash rate decision for 2019, following its monthly monetary policy board meeting.  

GROWTH • Tue, 03 Dec 2019

Best interests duty should apply to all products: AFCA

The best interests duty should be extended to “all financial products and services recommended by a mortgage broker”, AFCA has told Treasury.

COMPLIANCE • Mon, 02 Dec 2019

Government legislates ban on conflicted remuneration

The federal government has officially introduced legislation to ban the payment of conflicted remuneration to mortgage brokers.

COMPLIANCE • Thu, 28 Nov 2019

Millions of AFG shares offloaded by founders

Two AFG co-founders and directors have reduced their stake in the aggregator, selling approximately 11 million shares on the ASX. 

AGGREGATOR • Wed, 27 Nov 2019

Aussie hits back at CHOICE attack

The major brokerage has rejected the consumer group’s claim that Aussie is a “sales outpost” for the Commonwealth Bank, among other accusations submitted to ASIC.

AGGREGATOR • Mon, 25 Nov 2019

Macquarie to revise upfront commission model

The non-major will change the way it calculates upfront commissions paid to brokers in a bid to “standardise” the payment period across all new loans.

LENDER • Sun, 24 Nov 2019

AFG, Connective merger delayed

The finalisation of AFG’s merger with Connective has been delayed, with court proceedings progressing at a “slower pace than initially anticipated”.

AGGREGATOR • Sun, 24 Nov 2019

Associations back broker separation reforms

Both industry associations have called for “greater transparency” in broker separation letters issued by lenders to ensure due process. 

BROKER • Thu, 21 Nov 2019

Bankwest cuts variable home loan rates

The lender has dropped variable mortgage rates by up to 18 bps across its owner-occupied and investment home loan products.

LENDER • Wed, 20 Nov 2019