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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
AFG launches new insurance program
The major aggregator has announced the appointment of Lifebroker to its life insurance referral program.
AGGREGATOR • Mon, 13 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
Property investors 'don't need to worry' about financial security
A property consultant is confident that Australians don’t need to worry about financial security if they have a real estate strategy.
BORROWER • Wed, 08 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
Bankwest names new broker head
The CBA subsidiary has announced on 6 November the appointment of a new general manager of third-party distribution.
BROKER • Mon, 06 Nov 2017
Westpac closes 58 branches in digital push
The major lender has revealed that the first mortgages have been originated on its new banking and wealth platform as digital channels become a priority.
LENDER • Mon, 06 Nov 2017