Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

N1H extends $55m debt facility

by Adrian Suljanovic • 21 Mar 2023

The group has confirmed the extension of its $55 million debt facility until July 2025.

COG announces acquisition and partial divestment

by Adrian Suljanovic • 21 Mar 2023

COG Financial Services has announced the acquisition of salary packaging business, Paywise, and the simultaneous... READ MORE

LMG adopts new regtech system

by Reporter • 21 Mar 2023

The aggregation group has partnered with UK-based regtech specialist Clausematch to digitise compliance.

RBA in the dark about fixed-rate borrower savings

by James Mitchell • 20 Mar 2023

While it hopes those on fixed-rate mortgages are already saving for increased repayments, the Reserve Bank says it’s... READ MORE

Opinion: RBA is ignoring the cold hard facts about how we spend

by James Mitchell • 20 Mar 2023

The Reserve Bank is playing a risky game by jacking up interest rates while confidently guessing fixed-rate borrowers... READ MORE

CommBank HSI index falls in February

by Adrian Suljanovic • 20 Mar 2023

The major bank’s household spending index declined in February, driven by less spending on entertainment, retail and... READ MORE

Westpac downgrades cash rate forecast

by Annie Kane • 20 Mar 2023

The major bank has downgraded its terminal rate forecast and called a pause in April, following new economic data and... READ MORE

Household spending rises as business sentiment falls

by Adrian Suljanovic • 17 Mar 2023

Business confidence has dropped while household spending continues to rise, research says.

Hot Property: The biggest property headlines from week 13–17 March

by Adrian Suljanovic • 17 Mar 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 17... READ MORE

Best in SA/NT broking revealed at Better Business Awards 2023

by Malavika Santhebennur • 16 Mar 2023

The crème de la crème of the broking industry in South Australia and the Northern Territory have been rewarded for... READ MORE

Mark Bouris reckons any form of payroll tax is ‘nonsense’

by James Mitchell • 16 Mar 2023

The mortgage broking veteran has slammed the government for taxing businesses that employ Australians.

Lendi hires former Volt executive as Aussie staff exit

by James Mitchell • 16 Mar 2023

Lendi Group has named Shaun Lordan as its general manager of lending following a major restructure at the broking group... READ MORE

Elders acquires SA brokerage

by Annie Kane • 16 Mar 2023

The agribusiness specialist has acquired a regional South Australian brokerage as it looks to expand its broker and... READ MORE

LoanStreet rebrands and announces new CEO

by Annie Kane • 16 Mar 2023

Broker fintech LoanStreet has recently rebranded to FinStreet and announced a new chief... READ MORE

Average time to write a loan increases: BrokerEngine

by Annie Kane • 15 Mar 2023

The time it takes for a broker to write a mortgage has increased by around five hours per file, new data from... READ MORE

Sapien takes controlling stake in Hashching

by Annie Kane • 15 Mar 2023

The funds management group has taken a controlling interest in Hashching and led a capital raising round to... READ MORE

Millennials turning to brokers as fixed rates expire

by Adrian Suljanovic • 15 Mar 2023

More younger borrowers are seeking out brokers for assistance as rates continue to rise and as the fixed-rate loans... READ MORE

Majority of FHBs seeking guarantor: Research

by James Mitchell • 15 Mar 2023

Three in five Australians planning to purchase their first home in the next couple of years are considering having a... READ MORE

Industry seeks written confirmation on payroll tax moratorium

by Annie Kane • 14 Mar 2023

As action ramps up ahead of the NSW state election, urgent calls are being made for written confirmation of a... READ MORE

The fixed-rate mortgage cliff and how brokers can help

by Adrian Suljanovic • 14 Mar 2023

Many borrowers are reaching out to brokers to help them prepare for the impending fixed-rate “mortgage... READ MORE

Qld extends disaster relief for flood victims

by James Mitchell • 14 Mar 2023

The federal and state governments have announced disaster funding as monsoonal rain and flooding continue to impact... READ MORE

Government urged to focus on building sector: Master Builders

by Adrian Suljanovic • 14 Mar 2023

Master Builders Australia has called for the federal government to focus on the building and construction sectors in... READ MORE

Fixed-rate borrowers to be hit with SVR, warns Bouris

by James Mitchell • 13 Mar 2023

Mortgage market pioneer Mark Bouris says those on fixed rates will soon be paying the standard variable rate if they... READ MORE

Basiq and Cuscal enter acquisition agreement

by Reporter • 13 Mar 2023

The two companies have entered a binding agreement, with Cuscal acquiring a controlling interest in Basiq.

CSLR introduced to Parliament

by James Mitchell • 13 Mar 2023

The implementation of a Compensation Scheme of Last Resort (CSLR) has moved closer after the bill was reintroduced to... READ MORE

ANZ hit with $10m fine

by James Mitchell • 10 Mar 2023

The major bank has been penalised $10 million by the Federal Court in relation to its Home Loan Introducer... READ MORE

‘Year of opportunity’ for commercial brokers in 2023: NAB

by Adrian Suljanovic • 10 Mar 2023

The major bank has made its predictions on the trends in commercial broking for the year.

Hot Property: The biggest property headlines from week 6–10 March

by Adrian Suljanovic • 10 Mar 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 10... READ MORE

Winners of Better Business Awards 2023 revealed in WA

by Malavika Santhebennur • 10 Mar 2023

The leading lights of the Western Australian broking industry were rewarded for their achievements at the 10th annual... READ MORE

Mortgage payments to reach ‘record high’, warns RBA

by James Mitchell • 9 Mar 2023

Following this week’s rate hike, RBA governor Philip Lowe has warned that mortgage payments will reach a record high... READ MORE

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