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Breaking News
Should the big four banks return profits to brokers and borrowers?
by Nick Bendel • 10 Nov 2014
Large profits from the majors have raised the question of whether they should return some margin through higher...
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APRA criticises banks in mortgage crash stress test
by Nick Bendel • 10 Nov 2014
Australia's banks would initially cope well with a housing slump but would struggle to bounce back.
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New program could bring ‘dead leads’ back to life
by Huntley Mitchell • 10 Nov 2014
Brokers may have a new way to capitalise on clients who initially fail to qualify for finance.
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Profits up, LVRs down for Genworth
by Nick Bendel • 10 Nov 2014
Australia's booming housing market has delivered strong profit growth for Genworth, with a market analyst forecasting...
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Australia a world leader in property price growth
by Staff Reporter • 10 Nov 2014
A new global report has revealed Australia's house and unit values have more than tripled since 1975.
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ASIC issues new rules for brokers
by Nick Bendel • 7 Nov 2014
ASIC has updated its responsible lending guidelines in response to a landmark court case that is set for resolution...
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APRA warns lenders over high LVRs
by Nick Bendel • 7 Nov 2014
Banks that offer mortgages with LVRs above 90 per cent are taking serious risks, according to APRA.
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Brokers drive record results for ME Bank
by Nick Bendel • 7 Nov 2014
ME Bank has posted record mortgage volumes thanks partly to its massive growth in broker numbers.
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Increased car importing may force change in credit standards
by Nick Bendel • 7 Nov 2014
The decline of Australian car manufacturing could make vehicle finance more complicated.
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Brokers elect candidates on to board and state committees
by Nick Bendel • 7 Nov 2014
MFAA brokers have elected 21 candidates in the first direct elections in the association's history.
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MFAA slams APRA over broker commissions
by Staff Reporter • 6 Nov 2014
The MFAA has hit back at APRA over its "completely incorrect" assertions about mortgage broker commissions in its...
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WA mortgage broker drowns
by Nick Bendel • 6 Nov 2014
A Perth mortgage broker has died in tragic circumstances during a cruise.
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APRA warns industry about commissions 'risk'
by Nick Bendel • 6 Nov 2014
Broker commissions have returned to the spotlight after APRA warned banks about their "inherent" risk.
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Advantedge reduces variable rates to 4.63pc
by Staff Reporter • 6 Nov 2014
Advantedge Financial Services has announced a temporary discount of 0.10 per cent on new full-doc variable rate loans.
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Bank of Melbourne cuts interest rates
by Staff Reporter • 6 Nov 2014
Bank of Melbourne has made cuts of 10 basis points to some of its fixed-rate mortgages.
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Firstmac offers borrowers discount of up to $8,555
by Staff Reporter • 6 Nov 2014
Firstmac has made life easier for borrowers by temporarily reducing rates and scrapping annual fees.
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Mortgage broker heads say 'no' to new lending rules
by Nick Bendel • 5 Nov 2014
Mortgage Choice and Finsure have seized on new home value statistics to tell the regulators not to intervene in the...
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Broker beats odds to secure loan for jet-setting client
by Nick Bendel • 5 Nov 2014
One broker has pulled off a last-minute deal involving four countries and three lenders to save her client's $48,500...
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Watch what you post, social media expert warns brokers
by Nick Bendel • 5 Nov 2014
Discipline, planning and persistence are the keys to succeeding on social media, according to a consultant.
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26pc of young Australians expect to be lifetime renters
by Staff Reporter • 5 Nov 2014
Many young Australians are disillusioned with the property market, but others have devised strategies to afford their...
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Building approvals fall by 13.4pc
by Staff Reporter • 5 Nov 2014
Building approvals have fallen to a 13-month low after recording sharp drops in September.
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Interest rate decision announced by Reserve Bank
by Nick Bendel • 4 Nov 2014
The Reserve Bank of Australia has announced the result of its monthly board meeting.
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New third-party bank forecasts broker expansion
by Nick Bendel • 4 Nov 2014
Bank of China has revealed plans to add more products and BDMs, although it is too early to say whether it will expand...
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Yellow Brick Road growth strategy reaping rewards
by Nick Bendel • 4 Nov 2014
Yellow Brick Road has more than doubled its revenue by acquiring Vow Financial and Resi Mortgage Corporation.
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Westpac mortgages climb 6.9pc, growth set to continue
by Nick Bendel • 4 Nov 2014
Westpac Group has delivered good news to shareholders and brokers, with profits up and more business coming from the...
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