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Breaking News
Connective launches turnaround time dashboard
by Annie Kane • 24 Mar 2021
The aggregator is piloting a new tool that gives brokers insights into the volume and quality of applications that a...
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AFG launches new ‘trail book marketplace’
by Annie Kane • 24 Mar 2021
An outsourced trail book marketplace for AFG brokers is being rolled out following a new arrangement with specialist...
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Mortgage broker banned for seven years
by Malavika Santhebennur • 24 Mar 2021
The corporate regulator has banned an NSW mortgage broker from engaging in credit activities for seven years.
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Mortgage broker complaints remain below 1%
by Malavika Santhebennur • 23 Mar 2021
Less than 1 per cent of the complaints received by the financial complaints authority around banking and finance...
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CBA announces fixed rate cuts
by Malavika Santhebennur • 23 Mar 2021
The major bank has slashed its two-year fixed rates to new lows but increased its four-year fixed rates by 20 bps.
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Fintech lender launches ‘COVID Flexible Loan’
by Annie Kane • 23 Mar 2021
Non-bank lender Capify has launched a new loan product that provides SMEs with flexible repayments to help them...
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Why this brokerage set up a mentoring program
by Malavika Santhebennur • 23 Mar 2021
Queensland-based senior finance specialist Mat Crossley spoke to The Adviser about how his business established a...
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Victoria passes mortgage e-signature laws
by Malavika Santhebennur • 22 Mar 2021
Victoria has become the first state to make permanent reforms that will allow the use of digital signatures for...
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HIA calls for stamp duty abolition
by Annie Kane • 22 Mar 2021
The Housing Industry Association has called for the abolition of the “inefficient, inequitable and unreliable tax”,...
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Mortgage Choice CEO contract extended
by Annie Kane • 22 Mar 2021
The contract for the chief executive officer of the major brokerage, Susan Mitchell, has been extended by another 18...
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SME responsible lending exemption extended
by Annie Kane • 19 Mar 2021
Treasurer Josh Frydenberg has announced that government will extend the SME responsible lending exemption, given the...
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Bill to extend BID delayed again
by Annie Kane • 19 Mar 2021
The progression of the bill that proposes to extend best interests duty obligations to more brokers has been delayed...
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Property prices rise in all capital cities: ABS
by Malavika Santhebennur • 19 Mar 2021
Property prices continued to spike and break records over the December 2020 quarter, while prices increased in all...
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Broker settlements hit new high
by Annie Kane • 19 Mar 2021
Mortgage brokers settled a record $107.51 billion in residential home loans between April-September 2020, new MFAA...
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Mortgage rates continue to drop to new lows
by reporter • 19 Mar 2021
Lenders continue to drop rates, with fixed rates in particular reaching new record lows.
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Hot Property: The biggest property headlines from the week 15-19 March
by Reporter • 19 Mar 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 19...
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RBA highlights SME finance ‘challenge’
by Annie Kane • 18 Mar 2021
The RBA’s assistant governor (financial markets) has acknowledged the “longstanding challenge” that SMEs face in...
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BID to ‘intersect’ with design and distribution obligations
by Malavika Santhebennur • 18 Mar 2021
The incoming design and distribution obligations will “intersect” with BID, as lenders examine the “competency”...
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Only 3.5% of deferred loans still in deferral: ABA
by Malavika Santhebennur • 18 Mar 2021
New figures have revealed that almost 97 per cent of all deferred loans resumed repayments by the end of February.
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RedZed opens Sydney office
by reporter • 18 Mar 2021
Self-employed lender RedZed Lending Solutions has opened new company premises in Sydney, as it looks to provide a base...
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Third-party originated loans rise 28%: APRA
by Annie Kane • 17 Mar 2021
More than $69 billion of new residential loans at the banks were originated by the third-party channel in the December...
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Due diligence key in choosing private lender
by Malavika Santhebennur • 17 Mar 2021
Brokers considering a private lender for clients need to research the parties behind the lender, who their funding...
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NAB announces new head of broker
by Annie Kane • 16 Mar 2021
The major bank has announced its new executive, broker distribution, filling the void left by the departure of Steve...
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RLO repeal would reduce ‘policy creep’: CAFBA
by Annie Kane • 16 Mar 2021
As politicians debate the bill to repeal responsible lending, CAFBA has said that repealing the obligations would help...
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Better Business Summit 2021 agenda revealed
by reporter • 16 Mar 2021
Saroo Brierley, whose autobiography was turned into the award-winning movie Lion, and Thankyou Water founder and...
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