News

09:04 AM, Friday, 20 Apr 2018

AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down immediately in light of evidence of misconduct uncovered by the royal commission. ...

06:50 AM, 20 Apr 2018

The major bank has written to brokers highlighting that it supports the current broker remuneration structure but recognises that “improvements” can be made. ...

06:40 AM, 20 Apr 2018

The total value of owner-occupier home loans increased in February, according to the latest data from the Australian Bureau of Statistics. ...

06:35 AM, 20 Apr 2018

The head of the Finance Brokers Association of Australia has said that the failure rate for new brokers is improving, but more needs to be done to support them. ...

09:51 AM, 19 Apr 2018

A major aggregator has entered into a binding agreement to make a strategic investment of 30.4 per cent (fully diluted) in a commercial property lender for $10.9 million in cash consideration....

06:50 AM, 19 Apr 2018

Aggregators are under pressure to monitor their members more closely and dedicate more resources to compliance, which comes at a price. But will brokers ultimately foot the bill? ...

06:45 AM, 19 Apr 2018

Several leading brokers and brokerages have clarified who a broker acts for, outlining what they believe the true role of a broker is. ...

16:18 PM, 18 Apr 2018

A regional bank has said that it was forced to increase rates by up to 16 basis points this week in response to rising funding costs. ...

14:08 PM, 18 Apr 2018

A NAB-owned white label funder has announced changes to its state leadership in South Australia. ...

06:50 AM, 18 Apr 2018

The head of a major mortgage aggregator has stressed the importance of using customer data to build trust with clients and lenders. ...

06:40 AM, 18 Apr 2018

A Sydney-based fintech has launched a new invoice finance platform aimed at helping suppliers better manage their cash flow. ...

14:28 PM, 17 Apr 2018

A non-major lender has reported an 18.3 per cent fall in lending growth over the past quarter and a dramatic slowdown in interest-only lending over the last 12 months. ...

07:50 AM, 17 Apr 2018

AFG has provided the Productivity Commission with several examples of positive consumer outcomes produced by its brokers, following calls for more hard evidence to be produced. ...

06:50 AM, 17 Apr 2018

Drastic changes to broker remuneration would cost borrowers “significantly more” and “put the market back 30 years”, 1300HomeLoan founder John Kolenda has warned. ...

06:40 AM, 17 Apr 2018

The big four bank has suspended the ability for financial advisers to establish new broker relationships under certain arrangements, as investigations continue into potential prohibited conflicted ...