Specialist lender RedZed Lending Solutions has reached a milestone for the company, originating $5 billion in loans.
The former mortgage broker has been banned from engaging in credit activities and financial services.
The government has released a draft bill aiming to combat unfair contract terms, with proposed changes including the introduction of a civil penalty provision.
The 1,600 brokers aggregating under PLAN Australia can now access loans from non-bank lender Oak Capital.
The major bank has reported that new business lending in asset finance grew in the financial year 2021 by the largest volume in CBA’s history.
There are more credit representatives and licensees identifying as brokers, data released by the broking association suggests.
The non-major bank has doubled down on its investments in the broker channel, in an effort to keep expanding its loan book.
A new package worth over $12 million has been announced for tourism and hospitality businesses in the NT impacted by COVID-19 restrictions.
Australia’s property market should brace itself for the impact of climate change and the potential extreme weather, CoreLogic has warned.
As Melbourne faces another two weeks in lockdown, a new round of support has been announced for SMEs.
Buy now, pay later group humm has seen a leap in profit from its SME lending division, with plans to keep the momentum rolling via the broker channel.
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 20 August.
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