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Brokerage boss slams ‘rubbish’ budget, ‘lazy’ politicians
The head of a mortgage broking and financial planning group believes that the 2018 Federal Budget will be spent on “rubbish” rather than creating economic growth in key ...
BROKER • Wed, 09 May 2018
Commercial lender launches two investment trusts
Thinktank is diversifying its funding sources and offering investors two attractive yielding investments by raising capital via bonds in two trusts as an alternative to ...
LENDER • Fri, 04 May 2018
Opinion: Scrutiny, regulation and the looming credit crunch
I’ve said before that the next downturn will, ironically, be triggered by regulation. Recent developments show that this could soon play out.
COMPLIANCE • Thu, 03 May 2018
Bank scandals to impact mortgage lending: RBA
Reserve Bank governor Philip Lowe has warned that the recent public scrutiny of the banks will lead to even tighter lending policies and a rise in rates.
LENDER • Wed, 02 May 2018
NAB launches DocuSign for broker channel
The big four bank has become the first major lender to launch DocuSign in the broker channel, allowing customers to sign their mortgage documents from anywhere and on any ...
BROKER • Wed, 02 May 2018
Senator slams ASIC amid ‘shameful disclosures’
South Australian senator Rex Patrick is calling for ASIC’s new chair, James Shipton, to provide the public with a statement as to the confidence he holds in his ...
COMPLIANCE • Tue, 01 May 2018
Bank chairman steps down as scandals unfold
The chair of a non-major lender has stepped down from the board just one week after the bank lost its CEO after the royal commission heard widespread evidence of ...
LENDER • Sun, 29 Apr 2018
Green sells stake in Sydney brokerage
Third-party player James Green has sold his stake in a Sydney-based brokerage and resigned as a director to pursue new opportunities.
BROKER • Sun, 29 Apr 2018
Opinion: APRA’s actions will reduce borrowing power
The banking regulator has swapped one lending curb for another as Australia’s lending crackdown continues. But new debt-to-income curbs could see many priced out of the ...
BORROWER • Thu, 26 Apr 2018