Mortgage and Finance Brokers Breaking News - The Adviser

AFG reports drop in lodgement volumes

by Josh Needs • 12 Oct 2023

Rising interest rates, supply constraints and a drop in cashback offers have resulted in AFG brokers lodging a lower... READ MORE

Wave Money broadens broker solutions with new funding

by Adrian Suljanovic • 12 Oct 2023

The non-bank lender has announced it has established an additional warehouse funding facility, providing a broader... READ MORE

How to service clients from Indigenous backgrounds

by Malavika Santhebennur • 12 Oct 2023

Linking with grassroots groups and ensuring First Nations people take the lead are key to servicing Indigenous clients,... READ MORE

LMG acquires commercial lending fintech

by Reporter • 11 Oct 2023

The major aggregator has settled its acquisition of a specialist commercial lending technology platform as it expands... READ MORE

Construction costs stabilise, bringing renewed demand

by • 11 Oct 2023

A noticeable slowdown in the pace of construction cost growth may be an early sign that pressures within the building... READ MORE

Third party unscathed amid CBA job cuts

by • 11 Oct 2023

While the CBA has cut more than 1,000 jobs this year, it’s believed the third party remains unimpacted. READ MORE

Heritage and People’s Choice resi portfolio up $900m

by Adrian Suljanovic • 11 Oct 2023

The freshly formed mutual bank has reported a lift in its residential lending portfolio for the financial year ended 30... READ MORE

Bridgit appoints regional sales director

by Adrian Suljanovic • 11 Oct 2023

The non-bank lender has announced the appointment of Michael Balshaw as its new regional sales director. READ MORE

Businesses to look to brokers as ATO prepares to disclose debtors

by Josh Needs • 10 Oct 2023

Brokers could see an influx of debt inquiry from SMEs after the ATO has warned businesses that they risk having their... READ MORE

Brokers observe a boom in WA property investment

by • 10 Oct 2023

Brokers have been noticing a surge in property investment in Western Australia while other states and territories... READ MORE

Better Choice reduces serviceability buffers

by Adrian Suljanovic • 10 Oct 2023

The non-bank lender has announced that it has reduced its assessment buffer for one of its product ranges. READ MORE

Up to a half of high LTI borrowers living beyond their means

by Annie Kane • 10 Oct 2023

Up to 50 per cent of borrowers with high loan-to-income ratios do not have sufficient income to meet their housing... READ MORE

Brokers navigate construction industry turmoil

by • 9 Oct 2023

The construction sector is grappling with a severe crisis, experiencing a staggering 72 per cent increase in... READ MORE

Rate Money expands clawback reductions

by Reporter • 9 Oct 2023

The mortgage manager has announced reduced clawbacks and further enhancements on another one of its product lines. READ MORE

Transport drives household spending increase

by Josh Needs • 9 Oct 2023

Household spending in August has been driven by a jump in non-discretionary spending, including transport, according to... READ MORE

CBA confirms appointment of permanent broker head

by Annie Kane • 6 Oct 2023

The big four bank has announced the formal appointment of its new general manager, third-party banking. READ MORE

Brokers ‘key to democratising finance’, says former ASIC chair

by Annie Kane • 6 Oct 2023

Mortgage brokers are “a very effective competition tool against the banks” and are key to “democratising... READ MORE

CBA loan book drops as pricing war heats up

by Adrian Suljanovic • 6 Oct 2023

The major bank’s loan growth has dropped, with some brokers suggesting a lack of competitive pricing has been a... READ MORE

Agribusinesses brace for looming drought, lenders report

by • 6 Oct 2023

As bushfires and extended droughts hover on Australia’s horizon, businesses are bolstering their cash reserves in... READ MORE

CBA appoints new small-business banking executive

by Josh Needs • 6 Oct 2023

The new executive will focus on “delivering value-added outcomes to help business owners thrive”, according to the... READ MORE

Hot Property: The biggest property headlines from week 2–6 October

by Adrian Suljanovic • 6 Oct 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 6... READ MORE

Senate accuses ASIC of failing to act on bank misconduct

by • 5 Oct 2023

The regulator’s alleged mishandling of banking misconduct complaints has been labelled as ‘shameful’ and... READ MORE

Brokers rate speed and service as top priority: AMP

by Reporter • 5 Oct 2023

Speed and service have emerged as the top priorities for mortgage brokers, according to a recent survey. READ MORE

Majority of borrowers can’t handle another rate rise: Canstar

by Josh Needs • 5 Oct 2023

Over two-thirds of mortgage holders “won’t be okay” if rates rise again, according to Canstar, but brokers are... READ MORE