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Big banks react to cash rate call
Three of the big four banks have reduced their variable mortgage rates but held back a fair chunk of the RBA's 25 basis point rate cut.
LENDER • Tue, 02 Aug 2016
Bank passes on full 25 basis point rate cut
One Australian bank has outdone the big four by passing on the Reserve Bank's full rate cut, slashing its variable rate to a historic low.
LENDER • Tue, 02 Aug 2016
Choice founder launches new ‘broker-owned’ aggregator
One of the founders of NAB-owned aggregator Choice has announced the launch of a new broker-owned sub-aggregation company.
AGGREGATOR • Mon, 01 Aug 2016
Major mortgage group partners with US-based fintech player
One of Australia’s largest providers of mortgage broking services has formed a strategic alliance with an international fintech company.
TECH • Mon, 01 Aug 2016
Lender cuts rates by up to 45 basis points
One Australian mortgage provider has today announced rate reductions on a number of home loan products.
LENDER • Sun, 31 Jul 2016
Diversified brokerages risk becoming ‘diluted mess’
A Melbourne-based mortgage broker believes specialisation, rather than diversification, is the key to a successful finance business.
BROKER • Sun, 31 Jul 2016
ASIC targets 50 broker groups in commission probe
ASIC has provided updated information on its current review into remuneration and ownership structures in the Australian mortgage industry.
BROKER • Thu, 28 Jul 2016
Apartment lending crackdown continues
A non-bank lender has joined a handful of Australian banks and mutuals in changing its credit policy for apartment lending.
BROKER • Thu, 28 Jul 2016
Commission-free real estate group enters mortgage market
An ASX-listed real estate company will soon offer home loans after partnering with one of Australia’s largest mortgage aggregators.
BORROWER • Wed, 27 Jul 2016