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Lender closes branches in all but one state
by Annie Kane • 24 Aug 2020
A non-major bank has announced that it is closing all its branches outside of its home state, as it prioritises the...READ MORE
Loan Market joins calls to retain digital VOI
by Reporter • 24 Aug 2020
The broking group has backed calls for the digital VOI to continue to form part of the lending process beyond the... READ MORE
Digital lender introduces tiered variable rates
by Annie Kane • 21 Aug 2020
Neobank 86 400 has introduced tiered variable rates for borrowers, enabling customers with higher deposits to access... READ MORE
Pandemic drains FHB deposit savings
by Charbel Kadib • 21 Aug 2020
Almost 70 per cent of first home buyers have been forced to suspend their home ownership plans after tapping into their... READ MORE
COVID boosts interest in broker channel
by Reporter • 21 Aug 2020
Over a third of Australians are more likely to seek assistance from a mortgage broker now than prior to the COVID-19... READ MORE
RateCity attacks rate hikes for COVID-19-hit borrowers
by Malavika Santhebennur • 21 Aug 2020
Borrowers who move to an interest-only loan following the expiry of their loan deferral period should not be charged a... READ MORE
Hot Property: The biggest property headlines from the week 17-21...
by reporter • 21 Aug 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 21... READ MORE
SME lender acquires invoice finance platform
by Annie Kane • 20 Aug 2020
CML Group has completed its acquisition of an invoice finance platform, after paying $2.25 million in cash and... READ MORE
ANZ earnings double amid retail boost
by Charbel Kadib • 20 Aug 2020
Above-system mortgage and deposit growth has helped bolster the major bank’s earnings over the third quarter,... READ MORE
Educate Australians on property as an asset class, says Bouris
by Annie Kane • 20 Aug 2020
Mortgage brokers have an opportunity to “own” the space of being educators on property as an asset class, YBR... READ MORE
Why brokers should do a stocktake of their processes
by Malavika Santhebennur • 20 Aug 2020
Victoria-based broker Jonathan Lee explains why it is important for brokers to take stock of their business processes... READ MORE
FHBs helping ‘pick up the slack’ amid COVID drag
by Charbel Kadib • 19 Aug 2020
Continued demand for the First Home Loan Deposit Scheme is a reflection of the market’s resilience to the COVID-19... READ MORE
Over a quarter of businesses ‘knocked back’ by lenders
by Reporter • 19 Aug 2020
One in four businesses grappling with the economic fallout from the COVID-19 pandemic has had their application for... READ MORE
Loan Market grows broker network
by Malavika Santhebennur • 19 Aug 2020
Over 150 brokers joined the Loan Market franchise last financial year, which the group attributed to the BID... READ MORE
COVID-19 sees 50% drop in SME loans requested: Lend
by Annie Kane • 19 Aug 2020
The volume of funds requested by SMEs halved in Q420, according to SME lending platform Lend.
READ MORE
Clawback arrangements under review
by Charbel Kadib • 18 Aug 2020
The Combined Industry Forum is reviewing clawback arrangements within the broker remuneration model, with a... READ MORE
Bank tightens LVR for fixed-rate loans
by Malavika Santhebennur • 18 Aug 2020
Teachers Mutual Bank has reduced the maximum LVR for fixed-rate home loans with LMI, effective 17 August.
READ MORE
Aussie bolsters its broker network
by Reporter • 18 Aug 2020
The major brokerage has expanded its network of brokers and franchisees in the midst of the COVID-19 crisis.
READ MORE
What success looks like for brokers
by Malavika Santhebennur • 18 Aug 2020
From educating clients on their finances to having a strong client base and establishing referrals networks, brokers... READ MORE
RBA backs move to axe stamp duty
by Charbel Kadib • 17 Aug 2020
Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a... READ MORE
Major brokerage appoints new head of recruitment
by Malavika Santhebennur • 17 Aug 2020
A major franchise brokerage has appointed a new head of franchise recruitment, responsible for the growth of the... READ MORE
Two-thirds of brokers write more than mortgages
by reporter • 17 Aug 2020
Approximately two-thirds of brokers are writing other loans for their clients outside of mortgages, according to a new... READ MORE
ASIC issues post-mortgage deferral guidance
by Malavika Santhebennur • 14 Aug 2020
The corporate regulator has outlined its expectations of lenders when loan repayment deferrals offered in light of... READ MORE
Bank lowers DTI cap for FHLDS loans
by Reporter • 14 Aug 2020
A non-major bank has announced that it will reduce the maximum debt-to-income ratio for loans backed by the... READ MORE
Simplicity Loans & Advisory adds national manager
by Malavika Santhebennur • 14 Aug 2020
The brokerage has grown its team by appointing a national manager of partner acquisition for... READ MORE
Hot Property: The biggest property headlines from the week 10-14...
by Reporter • 14 Aug 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 14... READ MORE
SME Guarantee Scheme shortcomings lamented
by Annie Kane • 13 Aug 2020
The head of a finance brokerage has called out the shortcomings of the government’s SME Guarantee Scheme, after... READ MORE
Stimulus measures artificially boosting SMEs
by Malavika Santhebennur • 13 Aug 2020
Policymakers should gradually ease stimulus measures for “zombie” SMEs to prevent a sharp spike in business... READ MORE
Why this broker values word-of-mouth referrals
by Malavika Santhebennur • 13 Aug 2020
Paul Wright, the recently crowned Regional Broker of the Year, explains what he thinks is the mark of good customer... READ MORE
New SMS bot soft-launches for brokers
by Annie Kane • 13 Aug 2020
Broker-oriented fintech firm Effi has launched a new SMS tool that automatically sends broker clients follow-up text... READ MORE
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