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Breaking News
Loan Market Group nicks BOQ exec
by Sarah Simpkins • 7 Apr 2022
A former director and adviser for Loan Market is set to return, to become its parent group’s new chief operating...
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SME lender rolls out ESG discounting
by Annie Kane • 7 Apr 2022
Brokers using Fifo Capital can access discounted cash-flow loans for SME clients if they’re able to demonstrate...
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TMB’s responsible investment products near $10bn
by reporter • 7 Apr 2022
Growing focus on environmental impact and green footprints has seen the bank’s RIAA products rise by $1 billion in...
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$20k grants for NSW flood residents
by • 7 Apr 2022
As part of the state government’s flood relief, a further $112 million package has been set aside for flood-impacted...
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Female broker representation drops to new low
by Annie Kane • 6 Apr 2022
Just a quarter of all brokers are women, new MFAA stats show, the lowest proportion observed for the past six years.
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Former mortgage broker banned for 6 years
by • 6 Apr 2022
ASIC has banned former Finsure broker Rodney Peter Maher after he was found to be “reckless” in providing...
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Grow expands into agri
by • 6 Apr 2022
Non-bank lender Grow Finance extends its business loan to include primary agriculture, as well as increase its asset...
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RBA reveals post-budget cash rate decision
by Sarah Simpkins • 5 Apr 2022
The Reserve Bank has revealed its cash rate call for April, as inflation and costs continue to creep higher.
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Connective state manager joins NAB Broker
by • 5 Apr 2022
The appointment, which will oversee its southern region presence, comes after calls that the major bank will invest...
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ASIC bans former adviser and broker for 10 years
by reporter • 5 Apr 2022
After having been jailed for breaking Western Australian COVID-19 rules to attend an AFL Grand Final match, former...
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AFG Securities prices $750m RMBS
by reporter • 5 Apr 2022
The lending arm of AFG has priced its upsized $750 million residential mortgage-backed securities issue as it prepares...
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Pepper to take majority stake in Stratton Finance
by Annie Kane • 4 Apr 2022
The lender is set to acquire 65 per cent of the major asset finance broking platform for $78 million in cash.
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MAB to ‘strategically invest’ in broker businesses
by Annie Kane • 4 Apr 2022
The broker network has launched a new strategic investment model that aims to help brokers accelerate their business...
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Former finance broker fined for fraud
by Sarah Simpkins • 4 Apr 2022
A former used-car finance broker has been convicted and fined over four charges of obtaining financial advantage by...
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Labor pledges climate action in budget reply
by • 1 Apr 2022
Labor leader Anthony Albanese’s budget reply will see plans to drive climate action and get “incomes rising and...
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Record level of commercial loans written by brokers
by Annie Kane • 1 Apr 2022
The value of settled commercial loans written by brokers has hit its highest level yet, reaching $13.4 billion,...
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Brokers concerned with defaults in flood zones
by • 1 Apr 2022
As northern NSW comes to term with a second major flood in four weeks, growing concerns over property values and...
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Citi gears up for NAB acquisition with new hire
by Annie Kane • 1 Apr 2022
The bank has announced a new head of retail banking ahead of NAB’s acquisition of its consumer business.
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Hot Property: The biggest property headlines from the week 28 March...
by reporter • 1 Apr 2022
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 1...
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Brokers settle $9m in 6 months on average: MFAA
by Annie Kane • 31 Mar 2022
The average value of loans settled per broker in a six-month period has exceeded $9 million for the first time,...
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Gateway Bank launches into commercial
by Annie Kane • 31 Mar 2022
The non-major bank has released “set and forget” mortgages for business owners and investors looking to buy or...
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Federal budget measures could benefit broker SMEs
by • 31 Mar 2022
Industry figures have said the federal budget's support for SMEs could benefit many businesses, including brokerages.
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Finsure announces leadership shake-up
by Annie Kane • 30 Mar 2022
Following its acquisition by MA Financial Group, aggregator Finsure has revamped its leadership structure.
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Government to push $9.9bn towards bolstering cyber security
by Annie Kane • 30 Mar 2022
Federal Treasurer Josh Frydenberg has unveiled Australia’s “biggest ever investment in Australia’s cyber...
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Federal budget tentatively welcomed
by Annie Kane • 30 Mar 2022
The federal government’s budget for 2022-23 has been welcomed by some leaders in the broker space, with housing...
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