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Breaking News
CBA turnaround times back on track
by Nick Bendel • 12 Sep 2014
Commonwealth Bank has returned its SLAs to normal levels after reports that the lender had struggled to maintain...
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Six months on, new credit rules yet to impress
by Nick Bendel • 12 Sep 2014
The new credit rules that began exactly six months ago appear to have gone unnoticed even though they are expected to...
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Small banks have ‘major disincentive to growth’
by Nick Bendel • 12 Sep 2014
The federal government has been warned that existing capital rules reduce the incentive for smaller banks to challenge...
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Price growth below inflation in two capital cities
by Staff Reporter • 12 Sep 2014
Hobart has joined Sydney and Melbourne as fast-moving markets, while Perth and Darwin appear to be stagnating.
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Bank and mortgage manager form strategic alliance
by Staff Reporter • 12 Sep 2014
Ballast Finance’s wholesale mortgage management arm has signed a strategic alliance with Tasmanian lender MyState.
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Broker jailed, more charges may follow
by Staff Reporter • 11 Sep 2014
An Adelaide broker has been jailed for more than two years after being found guilty of stealing $170,000.
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New app promises to cut loan processing from weeks to minutes
by Staff Reporter • 11 Sep 2014
FBAA members will soon have access to a real-time verification tool that could cut three weeks from the mortgage...
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Smaller banks confident of gaining ground on big four
by Nick Bendel • 11 Sep 2014
Non-major banks have promised brokers faster turnarounds and better BDM support as they look to challenge the big...
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Verifying credit files can mean cheaper loans: credit repair agency
by Nick Bendel • 11 Sep 2014
Brokers can turn clients into “raving fans” by helping them correct their credit reports, according to one credit...
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Housing finance commitments jump 18.2pc
by Nick Bendel • 11 Sep 2014
Strong building activity has been forecast for the next three years after new data showed surging growth in the...
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Parliament told broker education is ‘manifestly inadequate’
by Nick Bendel, Huntley Mitchell • 10 Sep 2014
Brokers should be required to attain university degrees because current qualifications are “manifestly inadequate”,...
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Channel conflict must end: Peter White
by Staff Reporter • 10 Sep 2014
Banks need to end channel conflict if they want to gain more business from brokers, according to the FBAA.
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CUA challenges bigger banks after record results
by Nick Bendel • 10 Sep 2014
CUA has declared itself a “highly viable alternative” to the big four banks after posting record loan growth and a...
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Teachers Mutual reports double-digit home loan growth
by Nick Bendel • 10 Sep 2014
Teachers Mutual Bank has thanked brokers for helping it grow its home loan portfolio by 11.4 per cent during the last...
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Aussie seeks 200 new brokers in 22pc expansion drive
by Staff Reporter • 10 Sep 2014
Aussie Home Loans has launched a national recruitment to add another 200 metro and regional brokers in the next year.
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Mortgage website warns about mixing broking and planning
by Nick Bendel • 9 Sep 2014
Firms that combine broking with planning are exploiting a legislative loophole to offer “conflicted remuneration”,...
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Succession plan ‘dramatically transformed’ my business, says...
by Nick Bendel • 9 Sep 2014
An elite broker is about to start reaping the rewards of his succession plan, with his new loan writer about to settle...
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Lender specials could save clients ‘thousands of dollars’
by Staff Reporter • 9 Sep 2014
Australian First Mortgage has “upped the ante in the competition stakes” by removing loan protection fees and...
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Property outperforms shares over long term: study
by Staff Reporter • 9 Sep 2014
Shares make better short-term investments but property is a superior long-term investment, according to a report by a...
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Financial literacy has ‘never been more important’
by Nick Bendel • 9 Sep 2014
Financial literacy is an essential life skill that leads to higher living standards, according to ASIC.
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John Symond tells inquiry: CBA bias would be irrational
by Nick Bendel • 8 Sep 2014
Aussie Home Loans has said its brokers are influenced by “pricing and incentives” rather than a bias towards parent...
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Teachers Mutual Bank cuts rates by 16 points
by Staff Reporter • 8 Sep 2014
Teachers Mutual Bank has made cuts of up to 16 basis points to its two-year and three-year fixed rates.
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Wide Bay offers variable rate discounts of 1.14pc
by Staff Reporter • 8 Sep 2014
Wide Bay Australia has called on borrowers to switch after unveiling temporary discounts of between 0.89 and 1.14 per...
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Internal Australian migration affecting house prices: RP Data
by Nick Bendel • 8 Sep 2014
Housing is now more affordable in Brisbane and Perth because they are attracting fewer residents from Sydney and...
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Allianz wins national insurance award
by Staff Reporter • 8 Sep 2014
Allianz has said brokers can expect better systems and claims efficiencies after it won an insurance award for the...
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