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FHBs an outlier amid lending slump
Lending volumes are in a “holding pattern”, with first home buyers the only borrower segment to report a rise over the first quarter of 2019, according to AFG.
BORROWER • Mon, 29 Oct 2018
‘Corporate cop’ commences policing of CBA
An ASIC officer has begun monitoring the Commonwealth Bank’s governance and compliance processes, with the regulator commencing its government-funded initiative to ...
LENDER • Sun, 28 Oct 2018
Another major bank changes broker commissions
Westpac Group has announced that it will introduce new changes to the way brokers are remunerated as part of a move to “enhance transparency and customer outcomes”.
BROKER • Thu, 25 Oct 2018
Major brokerage appoints new CEO
A major mortgage brokerage has announced that it has appointed a new chief executive officer to help roll out the company’s self-funding securitisation program.
BROKER • Wed, 24 Oct 2018
YBR to diversify offering as it aims to fill market ‘gap’
The group’s executive chairman, Mark Bouris, has outlined plans to broaden Yellow Brick Road’s loan offering, after “working hard under the bonnet” to improve its ...
LENDER • Wed, 24 Oct 2018
Bank appoints new head of broker
Heritage Bank has appointed a new head of broker distribution, effective immediately.
BROKER • Tue, 23 Oct 2018
Major bank CEO defends brokers
Shutting down the broking industry would be “extreme” and would have a “dramatic” impact on the Australian economy, a major bank CEO has said in response to a suggestion ...
BROKER • Sun, 21 Oct 2018
Market share rise proof that ‘commissions work’, says non-bank
The continued growth in broker market share proves that the current arrangements in the broking model are working, the CEO of a non-bank lender has said.
LENDER • Wed, 17 Oct 2018
Removing trail would turn brokers into ‘hunters, not farmers’
The chairman of a major broking franchise has advised against changes to broker remuneration, stating that there is no evidence of “systemic issues” and warning of ...
BROKER • Tue, 16 Oct 2018