Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

Plenti loan portfolio up by 32% in 4Q23

by Adrian Suljanovic • 19 Jul 2023

The personal lender’s loan portfolio rose for the quarter ended 30 June 2023.

1 in 4 SMEs declined for big bank finance: OnDeck

by Annie Kane • 19 Jul 2023

Two-thirds of SMEs think about the majors when it comes to sourcing business finance, but a quarter has been knocked... READ MORE

Maximum ASIC fines increase to $1.57m

by Annie Kane • 18 Jul 2023

The maximum penalty for breaking the best interests duty is 40 per cent more than when the obligation was first brought... READ MORE

Should there be a separate accreditation for SMSF loan writing?

by Annie Kane • 18 Jul 2023

PREMIUM While qualifications are needed to provide self-managed super fund advice, these don’t apply to brokers... READ MORE

AFG brokers lodged $22bn in home loans in 4Q23

by Adrian Suljanovic • 18 Jul 2023

The volume of lodgements by the aggregator’s brokers rose for the last quarter of the 2023 financial year following... READ MORE

Assetline Capital joins another aggregator panel

by Reporter • 18 Jul 2023

The non-bank lender has announced its partnership wih aggregator outsource Financial.

Payday lenders hit with permanent injunctions

by Adrian Suljanovic • 17 Jul 2023

The Federal Court has ruled in favour of ASIC’s action against Cigno Pty Ltd and BHF Solutions Pty Ltd.

NSW launches new tool for home buyers

by Annie Kane • 17 Jul 2023

With recent changes to home buyer assistance in NSW, the state government has rolled out a new tool to help buyers... READ MORE

33% lift in financing over past 12 months: HomeStart

by Adrian Suljanovic • 17 Jul 2023

The South Australian government has announced an increase in home finances through its HomeStart scheme over the last... READ MORE

Michele Bullock to become first female RBA governor

by Annie Kane • 14 Jul 2023

The federal government has confirmed Michele Bullock will become governor of the Reserve Bank of Australia in... READ MORE

Brokers ‘really important’ to customer support: CBA CEO

by Adrian Suljanovic • 14 Jul 2023

CBA’s chief executive has highlighted the importance of brokers in supporting its customer base.

Major banks experience almost 4% mortgage loss: Westpac CEO

by • 14 Jul 2023

The major bank’s chief executive has stated that the banking sector is currently witnessing the highest level of... READ MORE

Fighting scams requires a ‘big Australia moment’: NAB CEO

by Annie Kane • 14 Jul 2023

The chief executive of the National Australia Bank has called on all of Australia to help tackle SMS-based financial... READ MORE

Hot Property: The biggest property headlines from week 10–14 July

by Adrian Suljanovic • 14 Jul 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 14... READ MORE

NAB CEO highlights broker role in refinance market

by Annie Kane • 13 Jul 2023

Brokers have been helping maintain a steady level of interest in refinancing, the major bank chief executive has said,... READ MORE

Fixed-rate borrowers ‘less stressed’ than others: ANZ

by Adrian Suljanovic • 13 Jul 2023

The major bank’s chief executive has suggested those facing the mortgage cliff are feeling less stress than other... READ MORE

Voluntary anti-scam code wouldn’t stop scams: Shayne Elliott

by Reporter • 13 Jul 2023

The chief executive of ANZ bank has said that he would not sign up to any code that called on banks to refund any more... READ MORE

RBA agrees to implement structural changes

by • 12 Jul 2023

The central bank has acknowledged 10 recommendations from the RBA... READ MORE

Lenders urged to help with cost-of-living pressures

by Adrian Suljanovic • 12 Jul 2023

Borrowers believe lenders should help them ease cost-of-living burdens, new research has found.

Prospa establishes $12m debt facility

by Reporter • 12 Jul 2023

The group has announced that it has signed and closed a corporate debt facility valued at $12 million.

Lowest growth rate in construction costs since 2020: CoreLogic

by Adrian Suljanovic • 12 Jul 2023

Construction costs have eased in the June quarter following two years of persistent price increases in building or... READ MORE

In Memoriam: Craig ‘Bakes’ Bacon, 1967–2023

by Annie Kane • 11 Jul 2023

Craig ‘Bakes’ Bacon, a financial services specialist and former head of broker relationships at NAB (2003–07),... READ MORE

MOVE Bank reaffirms broker channel commitment

by Annie Kane • 11 Jul 2023

The chief executive of the mutual lender has said the bank is focused on growing its broker channel, under the... READ MORE

Almost 50% of businesses feel ‘worse off’: Roy Morgan

by • 11 Jul 2023

Australian businesses are growing increasingly concerned about the future economic growth of the country, according to... READ MORE

Rental affordability under the spotlight

by • 11 Jul 2023

In response to the worsening rental crisis in Australia, a new Senate inquiry has been launched to address the issue of... READ MORE

In Memoriam: Mick McClure, 1953–2023

by Annie Kane • 10 Jul 2023

Mick McClure, the founder of sub-aggregation group Buyers Choice and a pioneer of sub-aggregation in Australia, has... READ MORE

Broking industry calls out CBA clawback move

by Adrian Suljanovic • 10 Jul 2023

Members of the broking industry have spoken out against the major bank’s new clawback policy.

Rodney ‘Rocket’ Cottam completes 5-day running challenge

by Annie Kane • 7 Jul 2023

Resimac’s regional sales manager has crossed the finish line in Sydney after running from Coffs Harbour to Sydney in... READ MORE

FBAA memberships break 11k

by Reporter • 7 Jul 2023

The Finance Brokers Association of Australia has announced its membership numbers have hit a new record.

NAB to introduce reduced buffers

by Annie Kane • 7 Jul 2023

A third big four bank is set to introduce a policy exception to enable certain refinancing borrowers to pass a lower... READ MORE

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