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Non-major changes commission clawback policies
One of Australia’s largest non-major banks has announced new commission rates and changes to its clawback period, all to take effect next month.
LENDER • Wed, 20 Sep 2017
Auswide profit up by 11.4% as loan book hits $2.8bn
The Queensland-based lender has lifted its underlying NPAT by 11.4 per cent to $15.6 million for the 2017 financial year as it looks to manage shrinking margins.
GROWTH • Tue, 19 Sep 2017
Home values creep in most capital cities
Home values increased marginally in all but one capital city last week, with Sydney being the only one that recorded a reversal, according to the latest CoreLogic data.
GROWTH • Tue, 19 Sep 2017
Brokers need flexible commission model, says non-bank boss
The CEO of an award-winning non-bank lender has revealed why the group allows its broker partners to choose how they are remunerated.
BROKER • Mon, 18 Sep 2017
Toyota exec to drive Aussie expansion
Australia’s largest mortgage broking business has today named its new general manager of distribution.
AGGREGATOR • Sun, 17 Sep 2017
Former car finance manager convicted for loan fraud
A Victorian man has been convicted in the Ringwood Magistrates Court after pleading guilty to one charge of dishonestly using his position as a car finance manager with ...
GROWTH • Fri, 15 Sep 2017
Spotcap partners with boutique aggregator
Boutique aggregator Custom Equity Group has recently announced that it has added Spotcap to its lender panel.
AGGREGATOR • Thu, 14 Sep 2017
ASIC questions legality of bank rate hikes
The corporate watchdog told a parliamentary hearing this week that the big banks could be in breach of the ASIC Act over the reasons given for hiking interest rates.
LENDER • Thu, 14 Sep 2017
Political 'tit for tat' destructive in the Sydney housing debate
The political “tit for tat” over Sydney’s growth is not a helpful way to find sustainable solutions for meeting the needs of the growing population, according to the ...
BORROWER • Thu, 14 Sep 2017