Powered by
MOMENTUM
MEDIA
Mortgage Choice earnings hit by new rem model
An increase in commissions paid to the group’s broker network has driven a 16 per cent slide in earnings, offset by a 7 per cent year-on-year increase in settlements.
AGGREGATOR • Thu, 27 Aug 2020
Broker market share hits annual high
The value of broker-originated home loans has bounced back after declining in the months preceding the economic fallout from the COVID-19 outbreak, new MFAA data has ...
BROKER • Wed, 26 Aug 2020
Pandemic drains FHB deposit savings
Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their deposit savings in the wake of the COVID-19 ...
BORROWER • Thu, 20 Aug 2020
ANZ earnings double amid retail boost
Above-system mortgage and deposit growth has helped bolster the major bank’s earnings over the third quarter, enabling it to pass on dividends to shareholders.
LENDER • Wed, 19 Aug 2020
FHBs helping ‘pick up the slack’ amid COVID drag
Continued demand for the First Home Loan Deposit Scheme is a reflection of the market’s resilience to the COVID-19 crisis, a federal minister has said, after sharing new ...
BORROWER • Tue, 18 Aug 2020
Clawback arrangements under review
The Combined Industry Forum is reviewing clawback arrangements within the broker remuneration model, with a recommendation for reform due by the end of the year, co-chair ...
BROKER • Mon, 17 Aug 2020
RBA backs move to axe stamp duty
Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a “tax on mobility”.
BORROWER • Sun, 16 Aug 2020
CBA could keep Aussie, CEO reveals
Commonwealth Bank may scrap plans to demerge from Aussie Home Loans, CEO Matt Comyn has revealed.
LENDER • Wed, 12 Aug 2020
Turnaround times bounce across big 4
Processing lags for mortgage applications have persisted, with turnaround times increasing across all four major banks, the latest Broker Pulse research has revealed.
LENDER • Tue, 11 Aug 2020