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Breaking News
2021: The year of aggregation consolidation?
by Annie Kane • 13 Nov 2020
ANALYSIS: With Loan Market looking to acquire NAB’s aggregation businesses, it seems that consolidation of the groups...
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New Broker Academy 2020: Day 1 round-up
by Annie Kane • 13 Nov 2020
New and prospective brokers tuned in to hear how to build a successful brokerage at the first day of the New Broker...
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Hot Property: The biggest property headlines from the week 9-13...
by Reporter • 13 Nov 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 13...
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Loan Market to buy NABregators
by Malavika Santhebennur • 12 Nov 2020
Loan Market is to purchase NAB’s aggregation groups as the bank continues its “simplification” strategy.
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Neobank releases ‘lowest variable rate’ to broker channel
by reporter • 12 Nov 2020
86 400 is launching a new home loan product that is said to have the “lowest ongoing variable rate” available to...
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Demand for business credit recovering: Equifax
by Annie Kane • 12 Nov 2020
Applications for business credit continue to recover as states ease out of lockdown and SMEs take advantage of tax...
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Housing sentiment rebounds, worries ease: ME Bank
by Malavika Santhebennur • 12 Nov 2020
There is renewed optimism about the property market, while fewer people are worried about paying back their home loan...
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Treasury to make unfair contract terms unlawful
by Annie Kane • 11 Nov 2020
The federal government is to develop exposure draft legislation that will make it unlawful to have unfair contract...
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ASIC updates proposed product intervention order
by Annie Kane • 11 Nov 2020
A consultation has launched on proposed changes to ASIC’s industry-wide product intervention order for continuing...
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SME Broker Bootcamp opens for registrations
by reporter • 11 Nov 2020
The SME Broker Bootcamp 2020, taking place as a virtual, live-streamed event this year, is now open for...
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Charting a course to broking for aspiring women
by Malavika Santhebennur • 11 Nov 2020
WOMEN IN FINANCE MONTH: Mortgage Choice CEO Susan Mitchell outlines why mortgage broking is an attractive career...
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MFAA welcomes ‘appropriate’ BID changes
by Annie Kane • 10 Nov 2020
The MFAA has welcomed the consumer credit reforms and the extension of BID to all brokers, which it says will help...
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Pepper extends trail policy for COVID-19 loans
by Malavika Santhebennur • 10 Nov 2020
The non-bank lender has announced that it has extended its commitment on trail commission payments to brokers for...
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ScotPac looks to expand product line
by Annie Kane • 10 Nov 2020
The non-bank is looking to work closely with brokers as it expands its product suite under its rebranded offering,...
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BID extension ‘the right thing to do’: FBAA
by Annie Kane • 9 Nov 2020
The managing director of the FBAA has tentatively welcomed the Treasury’s proposed extension of the best interests...
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Connective launches online broker forum
by Malavika Santhebennur • 9 Nov 2020
The aggregator has launched a new online community that will allow lenders to communicate with brokers.
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Finance broker pleads guilty to making false statements
by Malavika Santhebennur • 9 Nov 2020
An NSW mortgage broker has pleaded guilty to knowingly making false statements in relation to his ACL compliance...
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‘Unconscionable’ for majors to fail to pass on rate: FBAA
by reporter • 6 Nov 2020
The managing director of the Finance Brokers Association of Australia has challenged the major banks for failing to...
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Non-majors announce rate cuts
by Malavika Santhebennur • 6 Nov 2020
ME bank has announced that it will pass on the full RBA rate cut to all existing variable rate home loan borrowers,...
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Hot Property: The biggest property headlines from the week 2-6...
by Reporter • 6 Nov 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 6...
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Treasury seeks to extend BID to all credit assistance providers
by Annie Kane • 5 Nov 2020
The federal government is consulting on extending the best interests duty to all credit assistance providers –...
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Open banking expected to ease income and expense verification
by Annie Kane • 5 Nov 2020
Streamlining the lending process through income and expense verification has been cited by industry as the most popular...
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Major banks slash interest rates
by Malavika Santhebennur • 5 Nov 2020
The big four banks have announced cuts to small business and home loan rates after the RBA slashed the official cash...
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Non-bank completes $55m capital raise
by Annie Kane • 5 Nov 2020
Non-bank lender Semper has extended its capitalised interest period for commercial transactions over $2 million, after...
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How property demand is shifting amid COVID-19
by Malavika Santhebennur • 4 Nov 2020
Working remotely during the COVID-19 crisis, as well as an ageing population, has changed the nature of property...
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