Malavika Santhebennur

Loan Market appoints Qld growth manager

The major brokerage said it has appointed a new growth manager in Queensland to “capitalise” on the anticipated interest in the state’s housing market post-COVID-19

GROWTH • Mon, 28 Sep 2020

Non-major lender cuts LMI to $0 in new offer

The lender has slashed its LMI costs to $0 for borrowers with a 15 per cent deposit who apply for a Reward Me Home Loan until 29 November, inclusive.

LENDER • Sun, 27 Sep 2020

Aggregator calls for ‘fairer’ clawback structure

In response to the release of the final clawback regulations, Connective said the industry needs to find “fairer” ways to apply clawbacks in the future.

AGGREGATOR • Sun, 27 Sep 2020

Brokers maintain low level of AFCA complaints

Over 7,000 complaints relating to home loans were lodged with AFCA over the financial year, but only a fraction was against mortgage brokers.

BROKER • Thu, 24 Sep 2020

Connective adds digital mortgage lender to panel

The aggregation group has welcomed neobank 86 400 to its lender panel, providing Connective brokers with access to the fintech’s digital loan offering.

LENDER • Wed, 23 Sep 2020

Personal lender joins AFG panel

A marketplace lender has joined AFG’s panel of specialist finance providers as it looks to expand its broker distribution network.

LENDER • Wed, 23 Sep 2020

Why this broker focuses on FHB education

Sydney broker Ollie Lum reveals how a flood of enquiries and demand from first home buyers inspired him to hold info nights to educate borrowers and streamline his own ...

BROKER • Wed, 23 Sep 2020

COVID-19 erodes FHB deposit savings: MyState

Nearly a quarter of those Australians who have dipped into their savings during the COVID-19 crisis were originally saving for a deposit for their first home, according ...

BORROWER • Tue, 22 Sep 2020

COBA welcomes closer ties between regulators

The association for customer-owned banks has said that the MOU between APRA and ACCC recognises the need for competition in banking, adding that smaller banks are more ...

COMPLIANCE • Tue, 22 Sep 2020