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Treasury seeks to extend BID to all credit assistance providers

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 –... READ MORE
Open banking expected to ease income and expense verification

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... READ MORE
Major banks slash interest rates

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... READ MORE
Non-bank completes $55m capital raise

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... READ MORE
How property demand is shifting amid COVID-19

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... READ MORE
ING updates assessment criteria

ING updates assessment criteria
by reporter • 4 Nov 2020
The non-major bank has announced changes to its residential mortgage underwriting guidelines for applications received... READ MORE
RBA announces November cash rate decision

RBA announces November cash rate decision
by Annie Kane • 3 Nov 2020
The Reserve Bank has announced its cash rate decision for the month of November, moving in line with market... READ MORE
Aussie John retires

Aussie John retires
by Annie Kane • 3 Nov 2020
The founder and chairman of mortgage brokerage Aussie, John Symond, has announced his retirement. READ MORE
Owner-occupier approvals at historical highs: ABS

Owner-occupier approvals at record highs: ABS
by Malavika Santhebennur • 3 Nov 2020
Owner-occupier housing loan commitments are at record-high levels, driven by low interest rates and incentives such as... READ MORE
Australia Post to refer customers to loan platform

Australia Post to refer customers to loan platform
by Annie Kane • 3 Nov 2020
Australia Post will this week start referring customers requiring business finance to lending platform Valiant Finance,... READ MORE
Suncorp to offer phase two of SME support

Suncorp launches new SME support
by Malavika Santhebennur • 3 Nov 2020
The non-major bank has rolled out new support for SMEs through the second phase of the Coronavirus SME Guarantee... READ MORE
BMM joins AFG panel

BMM joins AFG panel
by Annie Kane • 2 Nov 2020
The mortgage lender has joined Australian Finance Group’s lender panel, enabling the aggregator’s 3,000 broker... READ MORE
CBA fined for lending to problem gambler

CBA fined for lending to problem gambler
by Reporter • 2 Nov 2020
The Commonwealth Bank has been fined for breaching responsible lending laws, after it was found to have issued credit... READ MORE
Mortgage Choice adds neobank to panel

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. READ MORE
NSW mortgage broker banned

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... READ MORE
Former Plenti executive joins CoreLogic

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... READ MORE
Hot Property: The biggest property headlines from the week 26-30 October

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... READ MORE
Loan Market to onboard 250 support staff

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... READ MORE
ING announces new CEO

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... READ MORE
Broker breaches guidance expected in ‘early 2021’

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... READ MORE
A fifth of brokers unfazed by responsible lending changes: survey

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... READ MORE
How this broker uses online tools to educate her clients

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... READ MORE
BOQ eases expense validation policy

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... READ MORE
Uno pilots new broker referral model

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... READ MORE
Moneytech joins SME Guarantee Scheme panel

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. READ MORE