Mortgage and Finance Brokers Breaking News - The Adviser

Lender to cull credit products from offering

by Reporter • 9 Sep 2020

A non-major bank has announced that it will withdraw its line of credit and interest in advance products. READ MORE

Program launched to raise dementia awareness

by Reporter • 9 Sep 2020

Financial services professionals have been urged to participate in a new program designed to improve awareness of the... READ MORE

Half of deferrals to be reviewed in coming weeks

by Reporter • 8 Sep 2020

Approximately 450,000 borrowers are approaching the expiry of their deferral arrangements, which are set to be reviewed... READ MORE

YBR to buy back up to 28 million shares

by Reporter • 8 Sep 2020

The third-party mortgage business has announced that it will undertake an on-market buyback of almost 9 per cent of its... READ MORE

15k customers unable to restart repayments: ANZ

by Sarah Kendall • 8 Sep 2020

ANZ has estimated that around 15,000 of its mortgage customers may not ever be able to resume repayments, due to... READ MORE

Loan Market and NextGen.Net deepen partnership

by reporter • 8 Sep 2020

The aggregation group has relaunched its MyCRM solution with a deeper integration with ApplyOnline to reduce pain... READ MORE

CBA setting aside $6.4bn for credit losses

by Annie Kane • 7 Sep 2020

Matt Comyn, the CEO of CBA, has revealed that the bank is holding a total of $6.4 billion for future credit losses off... READ MORE

Wisr launches vehicle lending product

by Malavika Santhebennur • 7 Sep 2020

The fintech lender has announced the launch of a secured vehicle finance product, which will be available through... READ MORE

ANZ changes rental income sharing rules

by Reporter • 7 Sep 2020

The big four bank has revised its serviceability policy, changing the way it assesses rental income and expenses for... READ MORE

CoreLogic hires new head of financial services solutions

by Annie Kane • 7 Sep 2020

CoreLogic has appointed the former head of underwriting risk of Genworth as its new head of financial services... READ MORE

‘Fully functional’ BID ‘critical’ ahead of trail review

by Charbel Kadib • 4 Sep 2020

The best interests duty will be a “powerful ally” in the broking industry’s corner when it defends the utility of... READ MORE

ASBFEO calls for revenue-contingent loans

by Annie Kane • 4 Sep 2020

The small business ombudsman is calling for a government-funded revenue-contingent loan for SMEs following poor take-up... READ MORE

Loan Market grows compliance team

by Malavika Santhebennur • 4 Sep 2020

The major brokerage has made two additions to its compliance division ahead of the implementation of best interests... READ MORE

Auswide book grows as broker flows increase

by Annie Kane • 4 Sep 2020

The non-major lender’s loan book grew by 4.3 per cent to just over $3 billion in FY20, driven by strong broker flows... READ MORE

Hot Property: The biggest property headlines from the week 31...

by reporter • 4 Sep 2020

The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 4... READ MORE

ANZ applications peaked at $1.2bn a day

by Annie Kane • 3 Sep 2020

The CEO of ANZ has revealed that the bank saw its application levels surge to $1.2 billion a day earlier this year,... READ MORE

Clive Kirkpatrick joins FBAA board

by Malavika Santhebennur • 3 Sep 2020

The industry association has appointed the former YBR GM of distribution to its board, effective immediately. READ MORE

Why this broker values education on financial wellness

by Malavika Santhebennur • 3 Sep 2020

Mikaela Patterson, the recent winner of the Wellness Advocate of the Year award, explains what pushed her to start a... READ MORE

Brokers charged for forgery, misleading statements

by Reporter • 3 Sep 2020

ASIC has laid separate charges against two brokers who have been accused of forging documents and submitting false... READ MORE

La Trobe Financial releases three new loan products

by Annie Kane • 2 Sep 2020

The non-bank lender has launched three new products, including a bridging loan, a loan for non-residents and one... READ MORE

QBE chief steps down

by Lachlan Maddock • 2 Sep 2020

The CEO of QBE Insurance Group has stepped down following an investigation into his workplace communications and... READ MORE

New broker review and marketing solution launched

by Malavika Santhebennur • 2 Sep 2020

A real estate agent ratings and statistics website has launched a similar ratings and digital marketing solution for... READ MORE

Borrowers urged to ‘take action’ and shop around

by Reporter • 2 Sep 2020

Mortgage-holders have been encouraged to “get on the front foot” and search for better deal ahead of the expiry of... READ MORE

Brokers dominate FHLDS originations

by Charbel Kadib • 1 Sep 2020

The third-party channel originated the lion’s share of FHLDS placements during the first phase of the program, new... READ MORE

Breaking News

Non-bank cuts rate, offers deferred repayments