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Broker share hits record high for December quarter
The share of home loans originated by the broker channel has hit new heights for the December quarter, according to new research commissioned by the MFAA.
BROKER • Mon, 13 May 2019
Major bank cuts rates by up to 60bps
A big four bank and a non-major lender have announced variable and fixed mortgage rate reductions across both their owner-occupied and investment home loan offerings.
LENDER • Sun, 12 May 2019
Brokers battle for the seat of Burt
Two mortgage brokers are running for the parliamentary seat of Burt in WA, with broker remuneration and the local economy front of mind.
BROKER • Wed, 08 May 2019
New no-deposit home loan offering launched
Mortgage marketplace HashChing has re-introduced a deposit-free home loan product to support the entry of first home buyers into the mortgage market.
LENDER • Tue, 07 May 2019
RBA reveals cash rate
The central bank has announced its cash rate decision following its monthly monetary policy board meeting.
GROWTH • Tue, 07 May 2019
‘Aggressive’ competition stunts Westpac’s mortgage growth
Westpac CEO Brian Hartzer has said that competitive pressures from foreign lenders and non-banks have contracted to a subdued mortgage performance by the major bank.
GROWTH • Mon, 06 May 2019
Broker enters race for parliamentary seat
A Western Australian-based mortgage broker is running for a seat in the upcoming federal election, in a bid to advocate for the industry from within Parliament.
BROKER • Sun, 05 May 2019
Macquarie CEO holds firm on broker support
The chief executive of Macquarie has reaffirmed the bank’s commitment to the broker channel, which has helped deliver 18 per cent growth in the lender’s mortgage book
BROKER • Sun, 05 May 2019
Third-party channel dominates NAB’s mortgage growth
The big four bank is capitalising on a rise in broker market share, with the third-party channel originating the bulk of its $9 billion mortgage portfolio growth.
GROWTH • Thu, 02 May 2019