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Borrower fee flagged as option to mitigate clawback risks
Brokers may need to consider charging a “refundable” fee to certain borrowers in order to offset losses incurred from commission clawbacks, according to the director of a ...
BORROWER • Mon, 27 May 2019
PM appoints new minister to oversee financial services sector
The Prime Minister has revealed his new cabinet, which includes the appointment of a new minister responsible for the oversight of the financial services sector.
SALES & MARKETING • Mon, 27 May 2019
Industry must ‘embrace’ scrutiny, says Loan Market head
The head of the major brokerage has backed the remuneration review in three years’ time, stating that the industry “should expect scrutiny” as it plays an increasingly ...
BROKER • Sun, 26 May 2019
Brokers buoyed by shift in mortgage landscape
Political and regulatory developments are conspiring in favour of the broking industry, with a rise in sentiment towards the industry reflected in share price spikes for ...
BROKER • Thu, 23 May 2019
Westpac amends residential lending policy
The major bank and its subsidiaries have made changes to their residential lending policies, including tighter serviceability measures for self-employed borrowers.
LENDER • Thu, 23 May 2019
Commissions to stay but change is ‘constant’
The Coalition’s surprise victory may have reinstalled certainty over broker remuneration, but change is “constant”, a broking industry veteran has said, encouraging ...
GROWTH • Wed, 22 May 2019
Boutique aggregator appoints new head
A mortgage aggregator based in NSW has announced the appointment of a new head, who has committed to delivering a new remuneration offering to brokers.
AGGREGATOR • Mon, 20 May 2019
Election Eve: Voters to determine the future of broker rem
The trajectory of broker remuneration reform is set to be determined tomorrow when voters take to the polls, with Australia’s major parties committed to their policy ...
BROKER • Thu, 16 May 2019
Major bank broker flows diverge
The major banks have reported mixed results regarding the share of home loans originated through the broker channel.
BROKER • Tue, 14 May 2019