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‘Predatory loans’: Central bank slams P2P lending
Peer-to-peer lending platforms in the US have been likened to the subprime mortgages that triggered the global financial crisis a decade ago.
LENDER • Tue, 14 Nov 2017
Major aggregator issues fraud warning to brokers
One of the industry’s largest aggregators has said that brokers are “on the front line” of preventing mortgage fraud as regulators turn their attention to the third-party ...
AGGREGATOR • Tue, 14 Nov 2017
Banks have created ‘SLAs on top of SLAs’ by outsourcing
In an effort to cut costs, banks have actually reduced efficiencies and created more headaches for brokers and their customers.
LENDER • Thu, 09 Nov 2017
NAB ‘open for business’ on IO, investor loans
The effectiveness of APRA’s regulatory actions over the last year has left the major lender with plenty of capacity to continue funding interest-only and investor ...
LENDER • Tue, 07 Nov 2017
‘A very good year’: NAB grows broker share by 22%
The major bank says that it is committed to eliminating channel conflict and stands by its position on broker commissions.
BROKER • Mon, 06 Nov 2017
‘Game-changer’: Government banks on fintech, CCR and data
The Turnbull government has high hopes that Australian fintech lenders and mandatory comprehensive credit reporting will revolutionise business lending.
BORROWER • Thu, 02 Nov 2017
NAB recruits 338 brokers in 12 months
The major bank has grown its broker force by 8 per cent over the year to 30 September as third-party volumes approach $100 billion.
BROKER • Thu, 02 Nov 2017
Kinghorn ‘has no involvement’ in strategy, says CEO
LJ Hooker Home Loans CEO Paul O’Regan has clarified the role that embattled RAMS founder John Kinghorn plays in the business.
GROWTH • Wed, 01 Nov 2017
AFP charges RAMS founder with fraud
RAMS founder John Kinghorn has been charged with fraud for allegedly avoiding tax obligations worth more than $30 million.
LENDER • Tue, 31 Oct 2017