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Breaking News
SME Broker Bootcamp a blueprint for branching out
by Reporter • 8 Nov 2021
The event – which is to be held in person in 2022 and is open for registrations – will provide a pathway for...
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CBA raises fixed rates - 2021
by • 8 Nov 2021
Select fixed rate home loans with the major bank have increased, less than 24 hours after Westpac announced similar...
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ScotPac launches $100m SME fund
by Sarah Simpkins • 8 Nov 2021
The business lender has kicked off a $100 million working capital fund, marketed as helping Australian and New Zealand...
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AFCA pre-expulsion letters cause alarm
by Annie Kane • 5 Nov 2021
Brokers have raised concerns after receiving notices from AFCA suggesting they could be expelled due to unpaid fees,...
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Beyond Bank eyes expanded broker reach with merger
by Sarah Simpkins • 5 Nov 2021
Beyond Bank has outlined a broker growth strategy in regional Victoria and South Australia, which could unfold under...
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Stamford Capital unveils digital CRE marketplace
by • 5 Nov 2021
The commercial brokerage has launched a free-to-use online platform designed to provide borrowers with an “immediate...
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Hot Property: The biggest property headlines from the week 1-5...
by Reporter • 5 Nov 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 5...
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Brokers to shape new AFG-Volt mortgage
by Annie Kane • 4 Nov 2021
The development of AFG’s new Sparc mortgage, funded by Volt, will be determined by broker feedback, the chief...
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7/10 brokers unconvinced buffer changes will cool housing market
by • 4 Nov 2021
The majority of brokers remain doubtful that APRA’s buffer rate change will accomplish its intended effect, according...
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Plenti flags broker roll-out for legal fees loan
by Sarah Simpkins • 4 Nov 2021
The lender is set to pilot a specialised legal loan product among aggregators in the coming months.
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FBAA welcomes new board members following record year
by reporter • 4 Nov 2021
The broker association has welcomed new members, announced new commendations, and revealed it had its best-ever...
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AFG launches PFM app and new white-label loan
by Annie Kane • 3 Nov 2021
One of Australia’s largest mortgage aggregators has launched a personal finance app and a white-label home loan...
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Judo debuts on ASX
by Sarah Simpkins • 3 Nov 2021
Judo Bank has commenced trading on the ASX, reportedly becoming the first bank to list in 25 years.
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Volt Bank becomes latest CDR data recipient
by reporter • 3 Nov 2021
The neobank has become an accredited data recipient under the Consumer Data Right, the sixth bank to gain approval...
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N1H extends SME lending capacity again
by reporter • 3 Nov 2021
Business, financial and property services firm N1 Holdings has expanded its SME lending capacity to $90 million.
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RBA calls November cash rate
by Sarah Simpkins • 2 Nov 2021
The Reserve Bank has confirmed its rate decision for November, as talk of a faster-than-expected rise has fired up.
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Owner-occupier lending falls for 4th month: ABS
by Sarah Simpkins • 2 Nov 2021
The value of new home loans fell by 1.4 per cent in September, dragged mostly by a 2.7 per cent drop in the...
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Westpac admits to lagging broker turnarounds
by Sarah Simpkins • 2 Nov 2021
The big four bank has ramped up automation, in a bid to rectify broker loan assessment times that dragged behind its...
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Teachers Mutual targets brokers as merger wraps
by Malavika Santhebennur • 2 Nov 2021
The mutual bank has outlined how brokers would help reach customers in areas without the same bricks-and-mortar...
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More FHBs transitioning towards outer suburbs: NAB
by • 2 Nov 2021
New figures released by the major bank suggest that the outer suburbs are gradually, but increasingly, becoming...
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ASIC slaps Ferratum Australia with lawsuit
by Sarah Simpkins • 1 Nov 2021
The regulator has commenced a civil lawsuit against the personal lender, for allegedly hitting customers with...
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NSW government sets up new unit to mitigate identity crime
by reporter • 1 Nov 2021
The NSW government is establishing a new identity support unit to minimise the risks associated with identity theft and...
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Government introduces compensation scheme legislation
by Malavika Santhebennur • 1 Nov 2021
The government has introduced legislation that represents the final tranche to implement recommendations made by the...
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Incoming NAB board member withdraws application
by • 1 Nov 2021
The major bank has announced that a formerly announced board member will no longer join its board.
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Major bank pleads guilty for mis-selling credit insurance
by Malavika Santhebennur • 29 Oct 2021
A major bank has pleaded guilty to several criminal charges of making false or misleading representations to 165...
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