News

News

06:50 AM, Wednesday, 24 Jan 2018
The head of a boutique aggregator has explained the group’s position on vertical integration following the acquisition of one of its competitors. ...
House loan
06:45 AM, 24 Jan 2018
According to one economist, the reported rise of the average loan size in Australia is not a cause for concern, despite continued fears over the ability for borrowers to service their debt. ...
searching for new broker head
14:14 PM, 23 Jan 2018
Auswide Bank has confirmed that it is actively seeking to replace its head of third party following the recent departure of Charlton Nevis. ...
Rate, drop
13:36 PM, 23 Jan 2018
MyState Bank has announced that it has dropped rates for new fixed rate owner-occupied home loans as well as fixed and variable rate investment home loans. ...
Brokers
05:50 AM, 23 Jan 2018
A shadow shopping exercise being undertaken by ASIC will consider whether “broker advice” results in “positive consumer outcomes”, according to the financial services regulator. ...
Royal Commission hearings to start next month
16:03 PM, 22 Jan 2018
The Royal Commission into misconduct in the banking, superannuation and financial services industry — including broking — will hold its initial public hearing in Melbourne next month. ...
Auswide Bank, P2P lender
09:25 AM, 22 Jan 2018
Auswide Bank has announced that it has completed the divestment of its stake in personal loans P2P lender MoneyPlace, just two years after acquiring its first stake in the platform. ...
Lenders make credit policy changes
07:58 AM, 22 Jan 2018
Two lenders have announced changes to their credit policies to ensure compliance with responsible lending measures, effective immediately. ...
Calls for CBA to lift accreditation restrictions for mentees
06:50 AM, 22 Jan 2018
A leading broker has urged the Commonwealth Bank to reconsider its recently imposed accreditation changes, arguing that mentees should be given exemption. ...
APRA mortgage curbs under scrutiny
06:40 AM, 22 Jan 2018
A leading mortgage professional has criticised the prudential regulator for not providing a clear time frame for its macro-prudential measures or explaining what it is ultimately looking to achieve...
Financial data, lease finance
14:53 PM, 19 Jan 2018
In November 2017, secured housing finance for owner-occupiers and personal finance both rose, while lease finance dropped, new statistics from the Australian Bureau of Statistics show. ...
09:30 AM, 19 Jan 2018
A major lender has agreed to pay $5 million in penalties after its former finance subsidiary Esanda approved suspected fraudulent car loans from brokers. ...
CBA
06:40 AM, 19 Jan 2018
One of the industry’s most successful mortgage professionals has praised CBA’s decision to impose a tougher accreditation process for brokers. ...
14:13 PM, 18 Jan 2018
The regulator has accepted an enforceable undertaking (EU) from Duane Wright and his business, First National Home Loans & Insurance Pty Ltd (First National), after he failed to meet his obliga...
Mortgage demand continues to climb
12:49 PM, 18 Jan 2018
The latest figures from the Australian Bureau of Statistics show that demand for both owner-occupied and investor home loans remains strong. ...
more from the adviser
‘We will never sell to a bank’, says aggregation boss

The head of a boutique aggregator has explained the group’s pos...

Rising average loan size not a problem, says economist

According to one economist, the reported rise of the average loan...

Non-major searching for new broker head

Auswide Bank has confirmed that it is actively seeking to replace...

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