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Bank to fuel broker ‘momentum’ with sharp rate cuts
A non-major lender has announced mortgage rate cuts of up to 92 basis points for new business, as part of its push for continued growth through the broker channel.
BROKER • Wed, 06 Mar 2019
TMB cuts mortgage rates by up to 50bps
The mutual bank has announced interest rate reductions of up to 50 basis points on its owner-occupied and investor home loan offerings.
BORROWER • Tue, 05 Mar 2019
RBA announces cash rate decision - Mar 2019
The RBA has revealed its cash rate verdict for March, following its monthly monetary policy board meeting.
GROWTH • Tue, 05 Mar 2019
Shareholders approve bank-aggregator rebrand
Goldfields Money shareholders have supported a motion to change the group's name as part of its move to re-position itself as a digital challenger bank.
AGGREGATOR • Mon, 04 Mar 2019
Legislators urged to put broker uncertainty to bed
The executive chairman of Loan Market, Sam White, has stressed the need for a permanent policy solution for the broking industry to ensure that doubts over the model do ...
BROKER • Sun, 03 Mar 2019
Firstmac one step closer to acquisition
The non-bank lender has received preliminary approval for its acquisition of a Queensland-based credit union.
GROWTH • Thu, 28 Feb 2019
ABA contests royal commission’s SME reform
The banking association is hesitant to support Commissioner Kenneth Hayne’s recommendation to change the definition of a small business.
GROWTH • Wed, 27 Feb 2019
Australian Conservatives voice support for broker channel
Senate crossbencher Cory Bernardi is the latest policymaker to caution against reform that would undermine the third-party channel, stating that mortgage brokers are the ...
BROKER • Mon, 25 Feb 2019
Industry reacts to Labor’s policy revision
The mortgage broking industry has welcomed the Australian Labor Party’s commitment not to implement a borrower-pays remuneration model if elected.
GROWTH • Sun, 24 Feb 2019