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Charting a course to broking for aspiring women

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... READ MORE
MFAA welcomes ‘appropriate’ BID changes

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... READ MORE
Pepper extends trail policy for COVID-19 loans

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... READ MORE
ScotPac looks to expand product line

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,... READ MORE
BID extension ‘the right thing to do’: FBAA

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... READ MORE
Connective launches online broker forum

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. READ MORE
Finance broker pleads guilty to making false statements

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... READ MORE
‘Unconscionable’ for majors to fail to pass on rate: FBAA

‘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... READ MORE
ME Bank announces rate cuts

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,... READ MORE
Hot Property: The biggest property headlines from the week 2-6 November

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... READ MORE
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