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Breaking News
Aussie-Lendi merger officially completes
by Malavika Santhebennur • 4 May 2021
The merger between major brokerage Aussie and online loan platform Lendi has officially finalised, with David Hyman...
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Non-bank sees loan originations rise 17% qoq
by reporter • 4 May 2021
A non-bank lender has reported that its loan originations grew 17 per cent in the quarter ending 31 March 2021, up...
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Housing market shows hints of slowdown: CoreLogic
by Malavika Santhebennur • 4 May 2021
There are signs that the housing market has moved through a peak rate of growth amid a slowdown in demand and rise in...
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Major bank makes appointment to newly created role
by Malavika Santhebennur • 3 May 2021
The major bank has made an appointment to the newly created head of specialised and private role, a part of the...
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Mortgage Choice adds non-major to panel
by Malavika Santhebennur • 3 May 2021
The major brokerage and aggregator has added a non-major bank lender to its panel, with its loan products available...
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Major bank rolls out ‘no-interest’ credit card for SMEs
by Annie Kane • 3 May 2021
The major bank has launched a new, “no-interest” credit card for small-business customers that enables them to...
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SMSF refinancing a ‘missed opportunity’ for brokers
by Annie Kane • 3 May 2021
A lack of awareness around refinancing SMSF loans means that brokers may be “missing out” on an opportunity to...
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Westpac outlines source of tech abuse
by Malavika Santhebennur • 3 May 2021
The major bank has said that abusive or threatening transactions stemmed from the new payments platform that was...
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Treasurer announces new ASIC chair and deputy chair
by Annie Kane • 30 Apr 2021
The federal Treasurer has announced the replacements for ASIC chair James Shipton and former deputy chair Daniel...
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Aggregator offers in-house loan processing support
by Malavika Santhebennur • 30 Apr 2021
An aggregator has introduced an option for brokers to have their loans processed in-house, which includes fraud...
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Steve Sampson becomes CCO of non-bank lender
by Annie Kane • 30 Apr 2021
An SME lender has appointed Bank of Sydney’s former head of third party, Steve Sampson, as its first chief commercial...
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Bank survey shows turnarounds remain top broker concern
by Annie Kane • 30 Apr 2021
A non-major bank has found that 86 per cent of brokers are most concerned about turnarounds at the moment, with...
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Hot Property: The biggest property headlines from the week 26-30 April
by Reporter • 30 Apr 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 30...
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Loan deferrals dwindle as scheme expires
by Malavika Santhebennur • 29 Apr 2021
Less than 1 per cent of loans that were deferred during the pandemic remained deferred at the end of March, with...
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APRA approves NAB-86 400 deal
by Annie Kane • 29 Apr 2021
The prudential regulator has granted approval for the major bank to fully acquire neobank 86 400.
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Major bank settles class action for $30m
by reporter • 29 Apr 2021
A big four bank has agreed to pay up to $30 million, without any admission of liability, to settle a class action...
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Recognising the Symond legacy
by Annie Kane • 28 Apr 2021
Following the news that Aussie CEO James Symond is to step down from his role, the industry has been reflecting on the...
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OnDeck launches new credit scoring model
by Reporter • 28 Apr 2021
The online SME lender has launched a new risk-predicting credit model which it said would support more tailored risk...
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James Symond to leave Aussie
by Annie Kane • 27 Apr 2021
The CEO of Aussie, James Symond, is to step down from his role, marking the end of the Symond family’s leadership of...
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Non-major unveils new LMI offering
by Annie Kane • 27 Apr 2021
Gateway Bank has today unveiled a Monthly Premium LMI offering to help those with low deposits access a mortgage...
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Governments must step in on stamp duty: Grattan
by reporter • 27 Apr 2021
The CEO of the Grattan Institute has suggested that the abolition of stamp duty might be needed in order to halt the...
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Ex-broker pleads guilty, fined for fraud
by Reporter • 27 Apr 2021
A former finance broker at a used car dealership has been fined after pleading guilty to four charges of obtaining a...
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Prospa originations up as SMEs recover
by Malavika Santhebennur • 26 Apr 2021
The SME lender has said that its total originations have bounced back to pre-COVID levels, and up 20 per cent on the...
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Revolut makes APAC senior appointments
by Malavika Santhebennur • 26 Apr 2021
The budgeting app provider has appointed the former Xinja treasurer, and an India CEO, to “gear up” for its APAC...
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Associations call out majors for turnaround channel conflict
by Annie Kane • 23 Apr 2021
The FBAA and MFAA have hit out at the major banks regarding the disparity between “time to yes” for broker-lodged...
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