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Breaking News
‘Clearly, there is a problem’: MFAA on turnarounds
by Annie Kane • 1 Feb 2021
The MFAA has said that it is engaging with lenders to address the “differential between the turnaround in the...
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Thom review set out 8 improvements for ASIC
by Annie Kane • 1 Feb 2021
The federal government has said that it expects ASIC to implement “as a priority” the eight recommendations of the...
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CBA to accelerate digital offering
by Sarah Buckley • 1 Feb 2021
The major bank has said that it aims to “be at the global forefront of the digital experience”, including for home...
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Major bank to acquire 86 400
by Annie Kane • 29 Jan 2021
National Australia Bank has announced that it has entered into an agreement to buy 86 400 to accelerate the growth of...
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Building and trade standout performer for Prospa
by reporter • 29 Jan 2021
The are “greenshoots” in the SME space, the business lender has revealed, with more than a quarter of new...
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Broking industry urged to get fit to raise funds for vulnerable girls...
by reporter • 29 Jan 2021
Mortgage and finance professionals are being called on to take part in a sponsored fitness challenge in March to...
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Why this broker prefers referrals for recruitment
by Malavika Santhebennur • 29 Jan 2021
A Perth-based broker has described the challenges he has faced in recruiting brokers into his brokerage, and the...
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Hot Property: The biggest property headlines from the week 25-29...
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Here’s the weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week...
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COG profits spike amid asset finance surge
by Sarah Buckley • 28 Jan 2021
The asset finance group’s profits doubled to $10.1 million in H1FY21 as a result of strong activity in the asset...
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ACT scales housing scorecard after six years
by Malavika Santhebennur • 28 Jan 2021
The ACT has topped a housing market scorecard report for the first time since 2014, while Victoria has tumbled in the...
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ASIC to update ACL process following security breach
by Annie Kane • 27 Jan 2021
The financial services regulator is working on “alternative arrangements” for submitting credit licence...
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Lenders extend cashback offers
by Malavika Santhebennur • 27 Jan 2021
Several lenders and their subsidiaries have extended their cashback offers, while one lender has extended its LMI...
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N1 pivots to become SME lender
by Annie Kane • 27 Jan 2021
Diversified broking and non-bank lending group N1 Holdings has announced that it has transitioned its core business to...
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More retirees resuming downsizing plans
by Sarah Buckley • 27 Jan 2021
Retirees have resumed their plans to downsize due to “feeling more confident” as COVID eases, according to BT.
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Neolender CEO reveals broker plans
by Annie Kane • 25 Jan 2021
The co-founder and CEO of new mortgage lender WLTH has revealed his plans for distribution, which include the broker...
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Business loans to be included in CDR from 1 Nov
by Annie Kane • 25 Jan 2021
The ACCC has revealed examples of the types of business loans that could be included in the scope of the newly...
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Lenders’ turnaround times slowest in three years
by Sarah Buckley • 25 Jan 2021
The time it takes from loan submission to approval surpassed 25 days in the last three months of 2020, according to an...
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AFCA amends complaints rules following court case
by Annie Kane • 22 Jan 2021
The financial services ombudsman has changed its rules after the NSW Supreme Court found that it had acted against its...
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Half of home owners wary of bank refinance advice
by Sarah Buckley • 22 Jan 2021
One in two borrowers does not believe banks always have their best interests at heart or would advise them if they...
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Hot Property: The biggest property headlines from the week 18-22...
by Reporter • 22 Jan 2021
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Former RAMS CEO to head up BOQ retail bank
by Annie Kane • 21 Jan 2021
Westpac’s current chief digital and marketing officer and former RAMS chief executive, Martine Jager, has been named...
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Aggregator reveals record-breaking lodgements
by Sarah Buckley • 21 Jan 2021
Australian Finance Group has revealed its brokers lodged more loans in the second quarter of the 2021 financial year...
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iSelect launches SME loans in Valiant partnership
by Sarah Buckley • 21 Jan 2021
Comparison website iSelect launched a new business loan offering to customers on Thursday, after partnering with loan...
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New loan launched for recurring revenue borrowers
by Sarah Buckley • 21 Jan 2021
TrailBlazer Finance has announced the launch of a new loan for those with recurring revenue streams, such as brokers.
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Non-bank moves to fully acquire IA Group
by Annie Kane • 20 Jan 2021
Resimac has announced it is set to acquire the remaining 40 per cent stake in financial services company International...
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