Fabian Cotter

Direct-only lenders embracing broker strength

Mortgage Choice’s new partnership with Athena demonstrates how direct-to-consumer lenders are increasingly seeing the value of brokers.

LENDER • Tue, 18 Oct 2022

Aggregators key to reference-check protocol: MFAA

Whilst the ASIC reference-checking protocol is working well, there is a crucial small loophole to close, the MFAA has highlighted.

COMPLIANCE • Mon, 17 Oct 2022

Fake-document charges land broker in court

An NSW credit broker has been charged with 74 offences of making false documents to aid home loan applications, ASIC reports.

COMPLIANCE • Mon, 17 Oct 2022

Mortgage calculator use up +17%: ASIC

ASIC’s latest annual report shows a 200,000+ increase in its mortgage calculator use for the 2022 financial year.

BORROWER • Sun, 16 Oct 2022

‘Rate shock’ spikes borrower concerns

Half of borrowers never expected rates to get this high, new Aussie data has shown.

BORROWER • Thu, 13 Oct 2022

Shift expands tech leadership team

Credit and payments platforms provider Shift has expanded its leadership team with two senior appointments, it has announced.

BROKER • Tue, 11 Oct 2022

Largest non-bank RMBS issue completes: $1.76bn

Fears about weakness in 2022’s residential mortgage-backed securities (RMBS) market have been dispelled, non-bank lender Firstmac has explained.

LENDER • Sun, 09 Oct 2022

Turnaround times reach 5-year low: AFG

A bigger “Big 4” market share and faster loan turnaround times were key highlights in AFG’s latest Mortgage Index (Q3 2023).

BROKER • Thu, 06 Oct 2022

Rising rates hitting split couples hard

Borrowers experiencing marriage or relationship breakdown cite a lack of lender compassion amid interest rate rises.

BORROWER • Wed, 05 Oct 2022