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Hong Kong-backed broker has $650m to fund new mortgage line
A Melbourne-based broker part-owned by one of Hong Kong’s largest real estate players is eager to use the third-party channel to distribute its new line of mortgage ...
BROKER • Thu, 12 Oct 2017
Fintech partners with 10,000 intermediaries, white label in sight
In three years, online lender Spotcap has issued over $180 million in credit lines to small and medium-sized enterprises (SMEs) around the world with the help of a ...
GROWTH • Thu, 12 Oct 2017
Major banks grilled over broker pay and ownership
Westpac has defended its ownership of a mortgage broker before a parliamentary committee by pointing to CBA’s ownership of Aussie Home Loans, while ANZ chief Shayne ...
BROKER • Thu, 12 Oct 2017
‘Yes, we repriced the back book’: ANZ defends rate hikes
The major bank CEO has explained how it was a first mover on mortgage repricing and why it made a decision to hike rates knowing full well that its customers could move ...
LENDER • Wed, 11 Oct 2017
Non-bank warns against commission changes
The chief executive of a non-bank lender has said that any reduction in broker remuneration will have an impact on the quality of deals they submit, arguing that a broker ...
LENDER • Tue, 10 Oct 2017
Mutual benefits
On Thursday, 3 August, The Adviser, in partnership with MSA National, held its inaugural Mutual Bank Roundtable at Sydney’s cavernous and cosy Restaurant Hubert
COMPLIANCE • Mon, 09 Oct 2017
Opinion: Commissions are great for consumers
The recent case of a Sydney home seller stung by a fixed-fee model proves why commissions are a tried and tested way of delivering good consumer outcomes.
GROWTH • Mon, 09 Oct 2017
Opinion: We need to focus on young talent in broking
The shape of mortgage broking tomorrow will all depend on how we support the young professionals of today.
GROWTH • Thu, 05 Oct 2017
Major brokerage says 1 in 4 now struggling with mortgage
One of Australia’s largest mortgage brokerages has found that borrowers are beginning to feel the burden of out-of-cycle rate hikes.
BROKER • Thu, 05 Oct 2017