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CBA cracks down on expenses in updated form
The major bank will be looking closer at living expenses on loan applications and will require brokers to collect more details on expenses in its updated loan application ...
LENDER • Fri, 13 Jul 2018
Building a brokerage: Diversification
With lending conditions tightening, remuneration models being refined and the industry facing scrutiny, the question on many new-to-industry mortgage brokers’ minds is ...
GROWTH • Sun, 08 Jul 2018
Lender sees personal loan originations double
A marketplace lender has seen personal loan originations double in the second half of the financial year as it broadens its reach across the broker channel.
LENDER • Thu, 05 Jul 2018
Former CBA boss weighs in on broker commissions
A former CBA chief executive has expressed his views on a potential “dilemma” with mortgage broker commissions and suggested that borrowers and brokers should be liable ...
BROKER • Thu, 21 Jun 2018
Federal Court approves CBA’s $20m settlement over BBSW manipulation
The Federal Court has approved Commonwealth Bank’s $20 million settlement with ASIC for manipulating the bank bill swap rate (BBSW).
LENDER • Thu, 21 Jun 2018
ING loses long-serving broker head
The non-major bank’s head of third-party distribution and direct mortgages has left the group and is understood to have taken up a new position with a peer-to-peer lender
BROKER • Wed, 20 Jun 2018
Westpac to halt consumer mortgages for business purposes
The major bank will stop accepting consumer home loans for predominantly business purposes from next week.
LENDER • Wed, 13 Jun 2018
Westpac cuts referral ties with Prospa
The major bank’s referral relationship with small business lender Prospa has come to an end, as the bank looks to develop its own products.
LENDER • Tue, 12 Jun 2018
RC hearings too short to cover ‘breadth’ of cases: Ombudsman
The Small Business Ombudsman has called for another set of royal commission hearings to investigate more cases of inappropriate practices pertaining to small business ...
GROWTH • Thu, 07 Jun 2018