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Smaller bank turnarounds at slowest level in 13 months: Broker Pulse
by Malavika Santhebennur • 19 Jul 2023
The time taken to reach an initial credit decision at the smaller banks increased last month to the highest level in... READ MORE

AFG brokers’ refinancing activity at 6-year high
by Adrian Suljanovic • 19 Jul 2023
Refinancers made up a third of mortgages lodged by the aggregator’s broker network. READ MORE

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. READ MORE

1 in 4 SMEs declined for big bank finance: OnDeck
by Reporter • 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. READ MORE

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. READ MORE

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. READ MORE

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 Reporter • 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 review. 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. READ MORE

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. READ MORE

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