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Breaking News
Mortgage Choice adds neobank to panel
by Malavika Santhebennur • 2 Nov 2020
The major brokerage is offering its brokers access to the digital bank through its lender panel.
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NSW mortgage broker banned
by Malavika Santhebennur • 30 Oct 2020
An NSW mortgage broker has been banned from engaging in credit activities for five years and had her ACL cancelled for...
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Mark Woolnough joins CoreLogic exec team
by Malavika Santhebennur • 30 Oct 2020
Former Plenti and ING executive Mark Woolnough has been appointed to CoreLogic’s executive team in a newly created...
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Hot Property: The biggest property headlines from the week 26-30...
by Reporter • 30 Oct 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending...
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Loan Market to onboard 250 support staff
by Annie Kane • 30 Oct 2020
An additional 250 support staff are expected to join Loan Market over the next 12 months to help support growth amid...
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ING announces new CEO
by Annie Kane • 29 Oct 2020
The non-major bank has announced that it has appointed a new CEO, following the promotion and relocation of its...
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Broker breaches guidance expected in ‘early 2021’
by Annie Kane • 29 Oct 2020
ASIC will release a new regulatory guide on the application of the incoming law on ACL breach reporting for...
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A fifth of brokers unfazed by responsible lending changes: survey
by Malavika Santhebennur • 29 Oct 2020
Almost one in five mortgage brokers does not believe the proposed changes to responsible lending laws would make a...
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How this broker uses online tools to educate her clients
by Malavika Santhebennur • 29 Oct 2020
From creating videos to recording podcasts, the newly crowned Mortgage and Finance Broker of the Year at the Women in...
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BOQ eases expense validation policy
by Reporter • 29 Oct 2020
The non-major bank has announced changes to its living expense validation process, which include a reduction in the...
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Uno pilots new broker referral model
by Annie Kane • 28 Oct 2020
Online mortgage platform uno has launched its first partnership with external brokers, referring uno customers to nMB...
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Moneytech joins SME Guarantee Scheme panel
by Malavika Santhebennur • 28 Oct 2020
The business finance lender has been appointed by Treasury to participate in phase two of the SME Guarantee Scheme.
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NAB joins affordable housing cooperative
by Reporter • 28 Oct 2020
The major bank has announced its membership in the Constellation Project, an organisation committed to reducing...
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Bank overhauls rem model, reduces upfront commissions
by Reporter • 27 Oct 2020
A non-major lender has announced a raft of changes to its broker remuneration structure, including a reduction to...
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Westpac rolls out new offer for mortgage guarantors
by Reporter • 27 Oct 2020
The major bank has launched a new term deposit offer for guarantors providing security for a home loan.
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Lenders blitz mortgage market with cashbacks
by Reporter • 27 Oct 2020
The number of lenders promoting cashback offers has more than doubled since the onset of the COVID-19 crisis, enticing...
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Property remains the go-to option for investors
by Malavika Santhebennur • 27 Oct 2020
Over a quarter of the population believe now is the best time to climb the property ladder, while almost half view...
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ASIC deputy chair Crennan resigns
by Annie Kane • 26 Oct 2020
ASIC deputy chair Daniel Crennan QC has resigned from his role following Friday’s revelations that the regulator may...
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RAMS to move to ‘simplified’ business model
by Annie Kane • 26 Oct 2020
The Westpac-owned brand will officially become a single-brand mortgage lender from next month, only offering RAMS...
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WA extends home building grant construction deadline
by Annie Kane • 26 Oct 2020
The WA government has extended the deadline for when construction must start on new homes bought with the Building...
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Loan Market ramps up audit program ahead of BID
by Reporter • 26 Oct 2020
The aggregator has restructured its audit process, announcing it will conduct “health checks” in preparation for...
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ASIC chair 'steps aside' over relocation expenses
by Annie Kane • 23 Oct 2020
The chairman of the financial services regulator has "stepped aside" from his position, effective immediately.
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Fewer businesses defer loan repayments: ABS
by Malavika Santhebennur • 23 Oct 2020
The number of businesses reporting that they were deferring loan repayments dropped substantially in October, with...
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ING, Citi reduce investor rates
by Annie Kane • 23 Oct 2020
The two non-major banks have announced that they are reducing interest rates on a range of new-to-bank investor loan...
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Angle Finance gears up for broker-driven growth
by Reporter • 23 Oct 2020
The asset finance business is banking on the broker channel to achieve its growth ambitions as it resets its focus...
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