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Breaking News
Apricity appoints COO
by • 27 Jun 2022
Invoice finance lender Apricity has announced the appointment of Michael Paredes as chief operating officer.
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Mortgages dominate cost pressures for tenth of Aussies
by Sarah Simpkins • 24 Jun 2022
Close to one-tenth of Australians have said their home loan is the largest contributor to their cost-of-living...
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Regional migration accelerated in March quarter
by • 24 Jun 2022
Migration from capital cities to regional Australia has hit new six-year highs in the March quarter, according to the...
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Hot Property: The biggest property headlines from the week 20-24 June
by reporter • 24 Jun 2022
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending...
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Former BEN area manager opens brokerage
by reporter • 24 Jun 2022
Kapil Virmani – a former area manager for Bendigo and Adelaide Bank – has returned to his broker roots, opening a...
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BDMs, credit assessor approval ratings starting to fall
by Malavika Santhebennur • 23 Jun 2022
While satisfaction with lender BDMs and credit assessors remains historically high, broker satisfaction scores have...
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Humm board collapses in wake of HCF sale termination
by • 23 Jun 2022
Five of the group’s six directors have confirmed their resignations, stating they “cannot remain on the board of...
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Industry CEOs and brokers sleep-out in aid of homelessness
by Annie Kane • 23 Jun 2022
Several chief executives and directors in the mortgage and finance industry will be spending a night without shelter to...
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FBAA warns against merging credit licences with AFSLs
by Sarah Simpkins • 22 Jun 2022
As the Australian Law Reform Commission has considered consolidating the licensing regimes for credit and financial...
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NAB tips 15% house price fall in 2023
by • 22 Jun 2022
NAB’s chief economist has predicted house price growth will drop by more than expected.
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Gateway reports 21% growth in mortgage book
by reporter • 22 Jun 2022
The mutual bank surpassed the $1 billion mortgage mark this financial year, after delivering annualised growth of 21...
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NSW confirms stamp duty reforms from 2023
by Annie Kane • 21 Jun 2022
First home buyers in NSW will be able to choose between an upfront payment or a smaller annual property tax from next...
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Plug gaps in broker regulations, says MFAA
by Sarah Simpkins • 21 Jun 2022
The industry body has urged the government to touch up recent reforms made across reference checking, breach reporting...
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Non-bank founder, former CEO joins Joust board
by • 21 Jun 2022
The home loan fintech has grown its non-executive team with two new appointments, one of which being MoneyPlace founder...
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Qld announces affordable housing partnership
by reporter • 21 Jun 2022
More than 1,200 social and affordable homes are to be built in Queensland as part of a new commercial partnership...
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NSW to trial shared equity home ownership scheme
by Sarah Simpkins • 20 Jun 2022
The state will trial helping certain key workers, single parents and older singles buy homes in a new $780.4 million...
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Turnarounds take back seat following stabilisation
by Annie Kane • 20 Jun 2022
Brokers are now less driven to choose a lender based on turnarounds, as time to initial credit decision has improved...
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Web of definitions weighing down financial services law: ALRC
by Sarah Simpkins • 20 Jun 2022
Industry players have backed a call to simplify definitions across financial services legislation, with broker bodies...
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Latitude, Humm call off HCF acquisition
by • 20 Jun 2022
The arrangement, which would have seen Latitude acquire Humm’s consumer finance arm, has been terminated, with both...
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Money3 funding cap rises to $665m
by • 20 Jun 2022
The vehicle finance specialist has confirmed that it has received new mezzanine funding, boosting its funding ceiling...
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Rate-decreasing loan launched for SMEs
by Annie Kane • 17 Jun 2022
SMEs with good repayment histories will see loan rates drop by 25 bps every six months as part of an “Australian...
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9/10 Australians confident brokers have best interests at heart
by • 17 Jun 2022
The majority of borrowers see brokers as being tuned in to their needs with borrowing and refinancing, according to...
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Hot Property: The biggest property headlines from the week 13-17 June
by Reporter • 17 Jun 2022
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 17...
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Wisr prices second ABS transaction
by reporter • 17 Jun 2022
The non-bank lender has priced a $250 million asset-backed securities transaction to help it scale and reduce its cost...
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Mortgage affordability hits lowest point since 2011: Bluestone
by Sarah Simpkins • 16 Jun 2022
Australians’ ability to afford a home loan deteriorated over April, breaking a two-month spell of improvement.
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