Breaking News

LMG appoints new executive
by Adrian Suljanovic • 24 Jul 2023
The aggregator has appointed Louise Rainger to head up its Brokerversity platform and oversee other broker learning... READ MORE

TP24 secures $585m global debt deal, eyes Aussie growth
by Annie Kane • 24 Jul 2023
Around a third of the $585 million will go towards growing the Australian SME lending business, the chief executive of... READ MORE

Finsure white label offering rebranded
by Reporter • 24 Jul 2023
Finsure Group has announced it has rebranded its white label offering Myloan to Finsure Loans. READ MORE

Perth broker becomes first person to solo row from Australia to Africa
by Annie Kane • 21 Jul 2023
Strawberry Finance broker Rob Barton has completed his Guinness World Records challenge of being the first person to... READ MORE

Mortgage Ezy removes clawbacks for 80% of products
by • 21 Jul 2023
The non-bank lender has expanded its clawback policy for the third-party channel. READ MORE

Borrowers explore repayment options
by • 21 Jul 2023
More borrowers are opting for minimum repayments as the interest rate peak nears. READ MORE

Lumi raises $15m from new strategic investor
by Adrian Suljanovic • 21 Jul 2023
The SME lender has completed a $15 million capital raise, intended on accelerating the company’s growth. READ MORE

Hot Property: The biggest property headlines from week 17–21 July

by Adrian Suljanovic • 21 Jul 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 21... READ MORE

Brokers to brace for another surge in house demand: CoreLogic
by • 20 Jul 2023
While investor lending has been declining amid rising rates, new data shows a bounce-back in purchases, presenting new... READ MORE

Borrowers seek green products as energy prices soar: QBE
by • 20 Jul 2023
As Australians grapple with rising energy costs home owners are looking for ways to increase energy efficiency in their... READ MORE

Jason Yetton to become CEO of consumer banking at Westpac
by Annie Kane • 19 Jul 2023
The big four bank has announced a major restructuring, including appointing two separate heads to lead its business and... READ MORE

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