Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

ASIC bans NSW finance broker

by Reporter • 13 Dec 2023

ASIC has banned a NSW finance broker from engaging in credit activities and suspended his brokerage for two...READ MORE

Oak Capital appoints first national sales manager

by Reporter • 13 Dec 2023

The private lender has promoted its state manager for southern states to the new position of national sales... READ MORE

Lender loyalty tax persists in impacting borrowers

by Kate Aubrey • 12 Dec 2023

Existing borrowers have been charged rates 0.29 bps higher than new borrowers on average, presenting challenges for... READ MORE

Brokerage co-founder becomes CEO of PropHero

by Annie Kane • 12 Dec 2023

Broker partnerships will be top of mind for the proptech company, as it confirmed it has appointed a brokerage... READ MORE

Foreign investment changes a ‘step in the right direction’:...

by Josh Needs • 12 Dec 2023

A tripling of foreign investor fees, while a positive step, will not solve the housing crisis, members of the broking... READ MORE

Trust ‘key to client loyalty’: FBAA

by Adrian Suljanovic • 11 Dec 2023

New research has found that brokers’ mortgage market share is fundamentally built on trust.

LoanOptions.ai launches auto complete loan application engine

by Reporter • 11 Dec 2023

A new iteration of the neobroker’s app can reportedly cut asset finance loan applications in half by using... READ MORE

Over 80% of businesses experienced late payments: CreditorWatch

by Josh Needs • 11 Dec 2023

Late payment times have meant organisations facing a challenging operating environment are being further... READ MORE

Federal Court fines ANZ

by Adrian Suljanovic • 11 Dec 2023

The major bank has been ordered by the Federal Court to pay a penalty for breaching its continuous disclosure... READ MORE

FBAA flags ‘concern’ with new advice model

by Annie Kane • 8 Dec 2023

Concerns have been raised by the broker association that the government’s new ‘qualified advice’ model will... READ MORE

How supportive are lenders’ policies? Brokers reveal

by Kate Aubrey • 8 Dec 2023

Brokers have highlighted several lenders for maintaining more stringent policies during economic setbacks, while others... READ MORE

Brokers now able to access open banking loan data via new app

by Reporter • 8 Dec 2023

A broker tech company has rolled out an open banking app that enables brokers to track their clients’ loans via open... READ MORE

Hot Property: The biggest property headlines from week 4–8 December

by Adrian Suljanovic • 8 Dec 2023

The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 8... READ MORE

Government creates new type of financial adviser

by Annie Kane • 7 Dec 2023

The government is creating a new class of financial advice provider, which will grant banks and insurers the ability to... READ MORE

Lender lowball valuations stifling mortgagors

by Josh Needs • 7 Dec 2023

Approvals are being stymied by lowball valuations and by lenders requiring lengthier, full valuations, brokers have... READ MORE

Why split loans are becoming more attractive

by Adrian Suljanovic • 7 Dec 2023

A growing number of potential buyers are seeking out split home loans to enter the property market, a broker has... READ MORE

Big businesses that fail to pay will be named and shamed

by Josh Needs • 7 Dec 2023

The government has confirmed it will be “increasing pressure” on big businesses to pay invoices on time, a move... READ MORE

Better Business Awards 2024 finalists revealed

by Malavika Santhebennur • 6 Dec 2023

More than 670 top-performing members of the broking industry have qualified as finalists at the state-based Better... READ MORE

FBAA appoints inaugural national commercial and asset manager

by Reporter • 6 Dec 2023

The broker association has appointed its first national commercial and asset manager as it moves to support more... READ MORE

AFG ‘positioned for industry consolidation’

by Kate Aubrey • 6 Dec 2023

The aggregator has flagged that industry changes are expected to lead to increased mergers and acquisitions among... READ MORE

Borrower relief this holiday season as RBA holds

by Adrian Suljanovic • 5 Dec 2023

The Reserve Bank of Australia has decided to pause the official cash rate in its last meeting of 2023.

Brokers expect RBA to hold cash rate

by Adrian Suljanovic • 5 Dec 2023

With the central bank due to meet for the last time in 2023, the mortgage broking industry has weighed in on its... READ MORE

New investment and owner-occupied lending figures rise

by Josh Needs • 5 Dec 2023

Despite refinanced loan numbers dropping, brokers have said they are seeing some of their strongest months for mortgage... READ MORE

Borrowers to feel the pain as APRA holds buffers

by Kate Aubrey • 5 Dec 2023

The prudential regulator’s decision to uphold the 3 per cent serviceability buffer will continue to challenge... READ MORE

Young mortgage holders looking for better deals: MyState Bank

by Josh Needs • 5 Dec 2023

The lender has found that two in five mortgage holders have looked for a better deal in the last six months, with... READ MORE

MFAA urges Senate to look at discharge times

by Annie Kane • 4 Dec 2023

The chief executive of the broker association has told Senate that brokers are critical to regional borrowers and urged... READ MORE

Broker focus should be on fixed-rate clients: Connective

by Adrian Suljanovic • 4 Dec 2023

As more borrowers roll off their fixed-rate terms in the next year, the aggregator’s executive director has urged... READ MORE

Home loan reforms needed to help abuse victims, says CWES

by Josh Needs • 4 Dec 2023

Mortgage and lending reforms are needed to better protect victim-survivors from post-separation economic abuse,... READ MORE

Purple Circle partners with deposit bond provider

by Reporter • 4 Dec 2023

The aggregator’s brokers can now help borrowers get onto the property ladder faster by offering them deposit bonds as... READ MORE

Former sub-aggregator CEO buys broker mentoring business

by Annie Kane • 1 Dec 2023

Former Buyers Choice chief executive Brett Mansfield has acquired a broker mentoring business in partnership with... READ MORE

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