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Aggregators call for new approaches to responsible lending
Broking groups have joined the industry associations in calling for greater clarity around responsible lending guidelines, but have proposed differing solutions to ...
AGGREGATOR • Wed, 03 Jul 2019
Lenders respond to RBA move with mortgage rate cuts
The mortgage market has responded to the Reserve Bank’s second consecutive cut to the official cash rate, with lenders passing on the reduction to their home ...
LENDER • Tue, 02 Jul 2019
Cash rate slashed to new low
The Reserve Bank has cut the official cash rate for the second month in a row, with focus now shifting to the response from the mortgage market.
GROWTH • Tue, 02 Jul 2019
Associations call for ‘clarity’ on expense verification
The MFAA and the FBAA have called on ASIC to provide the mortgage industry with greater guidance surrounding expense verification, but have urged the regulator not to ...
BROKER • Mon, 01 Jul 2019
Big four diverge in mortgage market
The major banks have reported mixed results in the home lending space, with one lender slipping deeper into negative territory.
BORROWER • Sun, 30 Jun 2019
Banking code obligations could ‘bankrupt’ brokers
Broking industry stakeholders have come out in force to oppose “unfair” credit policy changes introduced as part of the new banking code, which could leave some brokers ...
BROKER • Thu, 27 Jun 2019
ASIC to host new set of public hearings
The corporate regulator will host public hearings attended by banks and industry stakeholders to discuss changes to its responsible lending guidelines, chairman James ...
COMPLIANCE • Thu, 27 Jun 2019
Bank introduces review period for broker commissions
A lender has announced that it will alter the manner in which it pays upfront commissions to brokers by introducing a six-month post-settlement review period.
BROKER • Wed, 26 Jun 2019
Risks flagged amid lending policy changes
An industry association has issued a warning over the “unintended consequences” associated with the new banking code.
BROKER • Wed, 26 Jun 2019