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ASIC slammed for ‘persecuting’ brokers over customer fraud
A financial services lawyer has criticised the corporate regulator for persecuting brokers and believes more should be done to help them detect fraudulent mortgage ...
BROKER • Mon, 05 Jun 2017
Sydney broker's unique remuneration model
A Sydney-based broker has revealed why he pays his staff a salary and how he has managed to reduce the group’s reliance on lender commissions by 50 per cent in six years
BROKER • Sun, 04 Jun 2017
Foreigners to pay for FHB tax breaks
The state government has announced a raft of measures to improve housing affordability including scrapping stamp duty for first home buyers and taxing foreign investors
BORROWER • Sun, 04 Jun 2017
Bank CEO warns against ‘white anting’ brokers
The chief executive of an Australian bank has spoken out about channel conflict in the mortgage industry and says a customer’s decision to use a broker must be respected
BROKER • Wed, 31 May 2017
Branches still leading channel for major banks
Brokers are writing less than 50 per cent of mortgages for the big four banks but have become the dominant channel for Australia’s smaller lenders, according to fresh ...
LENDER • Tue, 30 May 2017
Bank commission changes drive senior broker to diversify
A top mortgage broker has explained how he diversified his business after learning that one of the big four banks had slashed its commissions.
BROKER • Sun, 28 May 2017
Broker sued by aggregator in loan fraud case
A leading mortgage industry lawyer has warned brokers of the shortcomings of professional indemnity insurance following a recent case in which an aggregator sued a broker ...
AGGREGATOR • Thu, 25 May 2017
Brokers to benefit from online mortgage platforms
New technologies that aim to simplify the home loan process are detrimental to borrowers and will ultimately drive them to seek help from a mortgage professional, ...
BROKER • Tue, 23 May 2017
Aggregators to ‘audit’ and number brokers under ASIC regime
ASIC’s remuneration review could see lenders and aggregators increase their scrutiny of mortgage brokers, who would be identified using a “unique number”.
AGGREGATOR • Mon, 22 May 2017