Mortgage and Finance Brokers Breaking News - The Adviser

NSW housing construction lags

by Staff Reporter • 18 Dec 2009

NSW’s new housing supply is falling behind the rest of the country, according to a report by Urban Taskforce. READ MORE

260 suspects linked to $150m mortgage fraud scam

by Staff Reporter • 18 Dec 2009

About 260 people are thought to be involved in an alleged $150 million mortgage fraud racket involving hundreds of... READ MORE

Christmas activity expected to surge

by Staff Reporter • 18 Dec 2009

Although traditionally seen as a quiet period, new data suggests the Christmas season may have significant activity. READ MORE

New credit licensing laws receive royal assent

by Staff Reporter • 17 Dec 2009

The National Consumer Credit Protection Act 2009 (Act) has been given the final go ahead, receiving royal assent in the... READ MORE

Firstfolio deepens distribution channel

by Staff Reporter • 17 Dec 2009

Firstfolio has signed a 12 month services agreement with Medibank Private that will allow the health insurer’s... READ MORE

Brokers split over proposed MFAA accreditation requirements

by Staff Reporter • 17 Dec 2009

The MFAA’s proposed changes to its accreditation requirements has received mixed reviews from its members, with some... READ MORE

Interest rates are “normal”: RBA

by Staff Reporter • 17 Dec 2009

Interest rates are officially heading back towards ‘normal territory’, according to the RBA’s deputy governor Ric... READ MORE

Westpac rate rise necessary: Kelly

by Staff Reporter • 17 Dec 2009

Westpac’s chief executive Gail Kelly has said the major’s latest rate rise was necessary despite its unpopularity. READ MORE

Mortgage lending growth at 10 yr low

by Staff Reporter • 16 Dec 2009

Total mortgage lending growth in Australia has dropped to less than 10 per cent for the first time in 10 years, a new... READ MORE

Housing construction improves slightly

by Staff Reporter • 16 Dec 2009

The government’s first home owner boost, together with very low variable mortgage rates, has helped to drive an... READ MORE

Fixed rate popularity slides further

by Staff Reporter • 16 Dec 2009

The demand for fixed rates continues to drop, with fixed rate products now accounting for just 2.3 per cent of all new... READ MORE

Brokerages get licence ready

by Staff Reporter • 16 Dec 2009

With the new licensing laws still six months away, many aggregators and brokerages are already claiming to be... READ MORE

Credit unions, building societies enjoy double-digit growth

by Staff Reporter • 16 Dec 2009

Official statistics released by the Australian Prudential Regulation Authority (APRA) yesterday show double digit home... READ MORE

Competition yet to return: brokers

by Staff Reporter • 16 Dec 2009

While there's now little difference in the interest rates offered by the major banks, second tier and non-bank lenders,... READ MORE

Smaller lenders take on big banks

by Staff Reporter • 15 Dec 2009

Mortgage rates have opened up as smaller lenders undercut the majors giving brokers better options for their clients. READ MORE

UK mortgage lending hits 2yr high

by Staff Reporter • 15 Dec 2009

Mortgage lending in the United Kingdom is at its highest level since December 2007. READ MORE

FirstMac’s servicing level upgraded

by Staff Reporter • 15 Dec 2009

FirstMac’s residential loan servicer ranking has been upgraded by Standard & Poor's from ‘above average’ to... READ MORE

Bankrupt broker convicted of fraud

by Staff Reporter • 15 Dec 2009

A bankrupt mortgage broker has been convicted on two counts of fraud, following charges brought by the Australian... READ MORE