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Macquarie adds construction features to mortgage products
The non-major lender has informed brokers that it will be introducing new construction features to its home loan offerings.
BORROWER • Tue, 16 Jul 2019
Aussie urges ASIC to enshrine consumer obligations
Brokers who exercise due diligence should “in no way be liable” if they fail to detect misleading information provided by a consumer in a mortgage application, Aussie ...
AGGREGATOR • Mon, 15 Jul 2019
RBA flags ‘overhang effect’ of rising mortgage debt
New research from the Reserve Bank has highlighted the link between mortgage debt and household spending amid debate over home loan serviceability assessment guidelines
BORROWER • Thu, 11 Jul 2019
Major bank suffers blow in broker space
A big four bank’s share of the third-party channel has dwindled over the past 12 months, with the lender experiencing the sharpest fall in broker market share.
BROKER • Wed, 10 Jul 2019
FBAA launches app to improve admin efficiencies
The industry association has unveiled a new web application designed to “revolutionise” the way in which brokers manage administrative requirements.
BROKER • Wed, 10 Jul 2019
FHBs help non-majors hit record high in broker space
The number of broker-originated loans lodged with non-major lenders has increased to a record high, partly driven by a historic shift in first home buyer activity.
BROKER • Tue, 09 Jul 2019
MFAA backs ‘entirely appropriate’ APRA reforms
The association has expressed its support for the prudential regulator’s changes to home loan serviceability guidelines, despite concerns that the reforms would increase ...
COMPLIANCE • Mon, 08 Jul 2019
ASIC urged to ‘codify’ broker obligations
ASIC has been urged to enshrine “strong, consumer-focused” requirements for brokers in its responsible lending guidance.
BROKER • Sun, 07 Jul 2019
Lenders should be given verification priority: 86 400
Lenders should be able to rely on their own verification checks if a “discrepancy” is identified from the information provided by a broker, a credit provider has ...
LENDER • Thu, 04 Jul 2019