Mortgage and Finance Brokers Breaking News - The Adviser

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... READ MORE

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... READ MORE

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. READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

Choice loan book tops $80bn

by Reporter • 23 Apr 2021

The aggregation group has reported that its loan book exceeded a new record of $80 billion recently, driven by a robust... READ MORE

‘Excessive’ loan discharge terms slammed

by Malavika Santhebennur • 23 Apr 2021

A Brisbane-based brokerage has called out the major banks for “holding customers to ransom” with excessive terms of... READ MORE

Hot Property: The biggest property headlines from the week 19-23 April

by Reporter • 23 Apr 2021

The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ended 23... READ MORE

Major brokerage launches direct-to-consumer offering

by Annie Kane • 22 Apr 2021

A major brokerage has launched its first online direct-to-consumer digital lending product in partnership with... READ MORE

BOQ joins Aussie panel

by Annie Kane • 22 Apr 2021

The non-major lender has signed onto the lender panel of major brokerage Aussie, with brokers able to offer the loans... READ MORE

Loan Market relaunches white label product

by Reporter • 22 Apr 2021

The major brokerage has announced that it has relaunched its Go Edge white label product, through which brokers have... READ MORE

How this broker found the right mentor

by Malavika Santhebennur • 22 Apr 2021

The KW Lending Solutions director underscored the importance of mentorship for brokers, and highlighted the challenges... READ MORE

Major banks reveal major issue of abusive transactions

by Annie Kane • 21 Apr 2021

The big four banks have acknowledged that more needs to be done on abusive transactions, after identifying more... READ MORE

Buying 86 400 will fire up competition: Ross McEwan

by Sarah Simpkins • 21 Apr 2021

The chief of the big four bank has denied that the 86 400 takeover will kill industry competition, insisting the deal... READ MORE

NAB offers $2k grants to Cyclone Seroja victims