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Aggregator adds fintech to panel
by Malavika Santhebennur • 13 Aug 2021
Loan Market has added a fintech to its panel that sources private lenders and connects brokers with them.
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Hot Property: The biggest property headlines from the week 9 to 13...
by Reporter • 13 Aug 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 13... READ MORE
Treasury to amend DDO requirements
by Annie Kane • 12 Aug 2021
The government will change broker obligations under the design and distribution obligations regime, following... READ MORE
NAB tweaks small-business lending offering
by Malavika Santhebennur • 12 Aug 2021
The major bank has updated some of its small-business lending features, including allowing business owners to digitally... READ MORE
Westpac cuts business fixed rate
by Annie Kane • 12 Aug 2021
The major bank has reduced rates on its two- and three-year fixed rate business loans to help SMEs “get back on their... READ MORE
Finsure launches client portal, adds to panel
by Malavika Santhebennur • 12 Aug 2021
The aggregator has set up a client centre that links client data to the broker’s account in its CRM, and added a... READ MORE
CBA chasing brokers as flows slow
by Annie Kane and Sarah Simpkins • 11 Aug 2021
The big four bank has boosted its investment in the broker channel, as the proportion of mortgages written by brokers... READ MORE
$40m COVID support released for SA SMEs
by Malavika Santhebennur • 11 Aug 2021
The SA and federal governments have released a new business support grant for SMEs impacted by the state’s ongoing... READ MORE
Neobank removes LMI up to 85% LVR
by Annie Kane • 11 Aug 2021
Digital lender 86 400 is waiving lender’s mortgage insurance for owner-occupied loans with a loan-to-value ratio up... READ MORE
Commercial loan settlements record upswing: FAST
by Malavika Santhebennur • 11 Aug 2021
Commercial, business and asset finance lending surged in the June quarter, amid renewed business confidence, new... READ MORE
ASIC reveals frozen credit licences, overturned conviction
by Sarah Simpkins • 11 Aug 2021
ASIC has made 24 cancellations and suspensions of Australian credit licences during the first half of the year, as an... READ MORE
Calls for aggregator inclusion in new CDR
by Malavika Santhebennur • 10 Aug 2021
The Loan Market Group has called for more clarity around the role of aggregators in the new CDR proposal, and urged... READ MORE
Lend extends asset classes with panel additions
by Malavika Santhebennur • 10 Aug 2021
The SME finance platform has added new lenders to its panel to provide more choice of asset classes for... READ MORE
Connective logs record settlements in June
by Malavika Santhebennur • 10 Aug 2021
The aggregation group has reported that its brokers settled a record $7.4 billion in June 2021, while lodgements were... READ MORE
Oak Capital to give away $5k to SME
by reporter • 10 Aug 2021
The non-bank lender is calling on brokers to nominate SMEs that have been hard-hit by COVID-19 to go in the running to... READ MORE
NAB to buy Citi for $1.2bn
by Annie Kane • 9 Aug 2021
The major bank has entered into an agreement to buy Citigroup’s Australian consumer business for approximately $1.2... READ MORE
Adelaide Bank’s former head of broker joins NAB
by Annie Kane • 9 Aug 2021
NAB has welcomed the former head of broker distribution at Adelaide Bank to its home ownership team to help drive... READ MORE
Non-bank lender CEO to step down
by Annie Kane • 9 Aug 2021
The CEO of HomeStart has announced that he will step down from the role at the end of this year, following 12 years... READ MORE
AFG expands mental health service to brokers
by Malavika Santhebennur • 9 Aug 2021
The aggregator has expanded its mental health support program to all AFG brokers across Australia.
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Plenti prices inaugural ABS transaction
by Malavika Santhebennur • 9 Aug 2021
The fintech lender has priced its first asset-backed securities transaction for over $300 million.
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New grants and support for Victorian SMEs
by Annie Kane • 6 Aug 2021
Victorian SMEs impacted by the state’s sixth lockdown will be supported by a new $400 million package jointly funded... READ MORE
Broking, aggregation group launches rebrand
by Sarah Simpkins • 6 Aug 2021
Vision has restructured, splitting its two businesses into separate arms and relaunching its aggregation offering to... READ MORE
Consumer credit demand hits double-digit growth: Equifax
by Sarah Simpkins • 6 Aug 2021
Consumer credit demand has moved out of negative territory for the first time in three years, according to a new... READ MORE
RedZed prices largest transaction to date
by reporter • 6 Aug 2021
The non-bank lender has priced a $750 million RMBS transaction, its largest to date.
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Hot Property: The biggest property headlines from the week 2 to 6...
by Reporter • 6 Aug 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 6... READ MORE
NAB launches Islamic SME financing
by Annie Kane • 5 Aug 2021
The major bank has launched a specialised financing product for Islamic business customers.
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Association working to ‘fix’ reference checking laws
by Annie Kane • 5 Aug 2021
The MFAA has been working with Treasury to “fix” reference checking legislation and make other incoming regimes... READ MORE
Money management app flags broker push
by Sarah Simpkins • 5 Aug 2021
Clever, a new money management platform, has launched to market, with a broker matching extension set to launch in... READ MORE
Bank increases maximum loan amounts
by reporter • 5 Aug 2021
A non-major bank has raised its maximum loan amounts by up to $900,000 for mortgage borrowers.
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Westpac wraps up asset finance business sale
by Malavika Santhebennur • 5 Aug 2021
The major bank has completed the sale of its asset finance subsidiary, which managed around $500 million in customer... READ MORE
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