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Westpac sees $17.5bn of mortgages reclassified
Westpac has seen $17.5 billion of investment property loans switched to owner-occupied loans in the first half of 2016 following the introduction of differential ...
LENDER • Mon, 02 May 2016
Pepper rebrand a boon for brokers
Pepper has unveiled a new initiative that will see its brand refreshed and its retail consumer lending name evolve to ‘Pepper Money’.
BROKER • Mon, 02 May 2016
Banks join online mortgage platform that bypasses brokers
Several regional banks and credit unions are expected to begin providing home loans via a new online platform that aims to “take business from brokers”.
BROKER • Sun, 01 May 2016
ANZ third-party boss steps down
The head of broker distribution for a big four bank has stepped down from his position following a significant restructure.
LENDER • Fri, 29 Apr 2016
Brokers react to Westpac’s shock lending decision
A leading Chinese-Australian brokerage says Westpac’s decision to stop lending to non-resident borrowers has come sooner than expected.
BROKER • Wed, 27 Apr 2016
Spotlight on commissions intensifies
Uncertainty about the future of commissions is on the rise following a decision by the banks to launch their own remuneration review.
GROWTH • Tue, 26 Apr 2016
Majority of Aussies believe property is a safe bet: survey
Almost two thirds of Australians believe property is one of the safest investment options, according to a new survey.
AGGREGATOR • Tue, 26 Apr 2016
Deloitte report identifies major opportunities in broker model
Global professional services giant Deloitte has outlined two key areas that provide the greatest opportunity for the third-party channel to evolve over the coming years
BROKER • Mon, 25 Apr 2016
Bank to grow mortgages without brokers
An Australian bank has revealed that it made the “strategic decision” to avoid the third-party channel, instead partnering with another lender to build scale.
BROKER • Thu, 21 Apr 2016