Mortgage and Finance Brokers Breaking News - The Adviser

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

by Adrian Suljanovic • 17 Feb 2023

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

CBA reports 18% drop in new mortgages

by Annie Kane • 16 Feb 2023

The major bank funded $17 billion less in home loans in the first half of the 2023 financial year than they did in... READ MORE

Predatory lending in ASIC’s crosshairs

by Adrian Suljanovic • 16 Feb 2023

The financial services and product regulator has announced it will be targeting predatory lending in an ongoing focus... READ MORE

Know your ‘slanguage’, MFAA mortgage brokers advised

by Fabian Cotter • 16 Feb 2023

‘Gen Z’-ers are the next new home owners, so brokers need to better understand them asap, a market researcher has... READ MORE

Shift closes $27m Series C equity raise

by Adrian Suljanovic • 16 Feb 2023

The provider of credit and payment platforms has announced that it has closed a $27 million Series C funding round. READ MORE

‘Changes need to ensure remuneration is fairer’: MFAA CEO

by Annie Kane • 15 Feb 2023

Broker remuneration needs further changes, including removing the “cliff nature” of clawback, to ensure it is... READ MORE

MA Financial appoints CFO

by Adrian Suljanovic • 15 Feb 2023

The financial services group has announced the appointment of Giles Boddy as its new chief financial officer. READ MORE

Australian mortgagor confidence lowest in three years

by Fabian Cotter • 15 Feb 2023

Consumer confidence and sentiment have taken a sharp slide this week, latest research from major banks has revealed. READ MORE

Home loan broker handed 14-month sentence

by Fabian Cotter • 14 Feb 2023

A Sydney broker has received a court ICO after pleading guilty to loan fraud, ASIC has confirmed. READ MORE

Prospa’s total originations up 35% for 1H23

by Adrian Suljanovic • 14 Feb 2023

The SME lender has released its trading update for the half year ending 31 December 2022, reporting growth in total... READ MORE

Client retention at risk as fixed rates expire, Connective warns

by • 14 Feb 2023

As roughly $350 billion in fixed rate loans roll off this year, according to the central bank, Connective is reminding... READ MORE

Personal lender prices $300m ABS transaction

by Reporter • 14 Feb 2023

A $300 million renewable energy and personal loan ABS transaction has been priced by non-bank lender Plenti. READ MORE

REA Group reports ‘softening settlements’

by Annie Kane • 13 Feb 2023

While the financial services arm of REA grew its loan book in 1H23, it flagged that revenue and settlements have been... READ MORE

AFG chair to step down from board

by Adrian Suljanovic • 13 Feb 2023

The Australian Finance Group Limited has announced that Anthony “Tony” Gill is set to step down as chair of the... READ MORE

City teachers get $10k stamp duty help in country NSW lure

by Fabian Cotter • 13 Feb 2023

Helping cover stamp duty costs is just one way to encourage teachers into regional NSW, the government has explained. READ MORE

Property leaders cagey on 2023’s 1st rate hike

by Kyle Robbins • 13 Feb 2023

As the country reels from yet another cash rate increase, what will the ramifications of the RBA’s latest decision be... READ MORE

Loan Market Group to operate as one aggregator

by Annie Kane • 10 Feb 2023

The aggregation and franchise brokerage group has announced it is uniting all of its aggregation brands to become one... READ MORE

Credit facilities should be regulated as financial products: Levy

by Annie Kane • 10 Feb 2023

Quality of Advice Review author Michelle Levy has told government she believes credit facilities should be regulated as... READ MORE

Commercial lending fintech joins VOW/YBR lending panel

by Adrian Suljanovic • 10 Feb 2023

idutch has announced that it has joined the mortgage aggregator’s full lending panel, giving its brokers full access... READ MORE

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

by Adrian Suljanovic • 10 Feb 2023

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

Aggregators under threat as Revenue NSW chases payroll tax

by Annie Kane • 9 Feb 2023

The industry has been left reeling as Revenue NSW chases aggregators, sub-aggregators, and some brokerages for... READ MORE

Australian ‘housing choice’ gets stark reality check: Report

by Fabian Cotter • 9 Feb 2023

A new Property Council report has painted the “starkest picture yet” of Australia’s affordable housing plight. READ MORE

Pepper Money removes commercial finance clawbacks

by Adrian Suljanovic • 8 Feb 2023

The non-bank lender has announced the removal of clawbacks for its commercial finance products during a time of strong... READ MORE

Connective announces new state manager for NSW