Powered by
MOMENTUM
MEDIA
FBAA slams campaign to end commissions
FBAA managing director Peter White has hit out at an “ill-informed” campaign by consumer group CHOICE, which has called for an end to commission-based remuneration.
BROKER • Wed, 16 Jan 2019
Broker market share hits record high
Borrowers are increasingly opting to secure finance through the broker channel, with new statistics reporting a sharp rise in broker market share.
BROKER • Wed, 16 Jan 2019
ANZ purchases $40m stake in brokerage
The major bank has purchased a minority stake reportedly worth $40 million in a national mortgage brokerage.
BROKER • Tue, 15 Jan 2019
Bank announces 20bps rate rise
The second wave of out-of-cycle mortgage rate hikes has continued, with another lender announcing increases of up to 20 basis points.
LENDER • Mon, 14 Jan 2019
RBA rate cut expected amid funding gap ‘blow out’
Expectations of a cut to the official cash rate from the Reserve Bank have intensified amid a second wave of out-of-cycle mortgage rate hikes.
BORROWER • Mon, 14 Jan 2019
Virgin Money hikes variable rates
The non-major lender has increased interest rates on its variable home loan rates on variable owner-occupier and interest-only home loans.
GROWTH • Fri, 11 Jan 2019
‘Fluid’ rate environment ripe for brokers
A backdrop of out-of-cycle interest rate rises presents brokers with a unique opportunity to highlight their value to clients and generate new business, according to ...
BROKER • Thu, 10 Jan 2019
Cost pressures compel bank to pull rate trigger
A bank has succumbed to wholesale funding cost pressures and increased rates on its home loan offerings by up to 18 basis points.
LENDER • Tue, 08 Jan 2019
Boutique brokerage weighing up flat-fee model
A Victorian-based mortgage brokerage is considering the adoption of a fees for service business model amid calls for regulation-driven reform to broker remuneration.
BROKER • Mon, 07 Jan 2019