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Westpac gains broker business despite processing lags
The major bank and its subsidiaries have outpaced competitors in the broker channel despite higher than average turnaround times, new Momentum Intelligence data has ...
BROKER • Sun, 19 Apr 2020
Bank expands membership criteria
A mutual bank has revised its constitution to broaden its membership criteria and allow a larger pool of borrowers to access its services.
LENDER • Sun, 19 Apr 2020
Broker-originated loan sizes bounce nationwide
The average size of broker-originated loans increased across every state and territory in the March quarter, in line with a short-lived resurgence in housing prices, ...
BROKER • Thu, 16 Apr 2020
Home loan volumes record pre-COVID slip
Both the value and number of new home loans declined ahead of the economic shock caused by the coronavirus outbreak, new ABS data has revealed.
LENDER • Wed, 08 Apr 2020
ACCC delays decision on AFG-Connective merger
AFG has confirmed that the ACCC’s decision on its proposed $120-million merger with Connective has been delayed upon its request.
COMPLIANCE • Sun, 05 Apr 2020
Bank revises commissions policy
A lender has announced changes to its broker remuneration model.
LENDER • Tue, 31 Mar 2020
NAB launches new SME offering
The major bank has announced the launch of a new funding facility for businesses affected by the coronavirus outbreak, however no broker commissions will be paid on these ...
LENDER • Mon, 30 Mar 2020
Banks expand loan relief policies
The banks have agreed to extend their loan relief policies to encapsulate a larger portion of borrowers affected by the coronavirus pandemic.
LENDER • Sun, 29 Mar 2020
AFCA to ‘modify’ approach to dispute resolution
AFCA will alter its approach to dispute resolution to reflect government and regulatory responses to the coronavirus outbreak.
COMPLIANCE • Tue, 24 Mar 2020