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Breaking News
Major brokerage appoints state manager
by Malavika Santhebennur • 1 Sep 2020
Mortgage Choice has appointed a new state manager for Victoria/Tasmania after the departure of former state manager Max...
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Broker petitions banks to digitise mortgage process
by Annie Kane • 1 Sep 2020
A Victoria-based broker has launched a petition for banks to digitise home loan contracts and standardise the ID...
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Choice reports record settlements in July
by Malavika Santhebennur • 1 Sep 2020
Choice Aggregation Services brokers settled a record amount of loans in July, buoyed by high demand for refinancing...
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PLAN launches two new white label brands
by reporter • 1 Sep 2020
The aggregator has launched two new white label brands, run in partnership with Pepper Money.
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Calls mount for HomeBuilder reform
by Annie Kane • 31 Aug 2020
There are growing concerns that the utility of the HomeBuilder scheme is being undermined as the current structure is...
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AFG earnings buoyed by broker output
by Charbel Kadib • 31 Aug 2020
Strong broker-originated settlement growth has underpinned a 15 per cent increase in the diversified mortgage...
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Clawback changes to take effect 1 January: Treasury
by Annie Kane • 31 Aug 2020
The federal Treasury has confirmed that the proposed changes to broker clawback arrangements are expected to take...
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Mortgage Choice earnings hit by new rem model
by Charbel Kadib • 28 Aug 2020
An increase in commissions paid to the group’s broker network has driven a 16 per cent slide in earnings, offset by a...
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ANZ, CBA launch online business lending platforms
by Annie Kane • 28 Aug 2020
Both ANZ and CBA have launched new online lending platforms for business loans that claim to conditionally approve...
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Frank Ganis joins listed brokerage group
by Malavika Santhebennur • 28 Aug 2020
The former Yellow Brick Road CEO will join the board of an ASX-listed brokerage and financial services group.
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Alternative lender joins AFG panel
by Malavika Santhebennur • 28 Aug 2020
A fintech SME lender has joined AFG’s panel of specialist finance providers.
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Hot Property: The biggest property headlines from the week 24-28...
by reporter • 28 Aug 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 28...
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More clarity needed over clawback recoupment
by Annie Kane • 27 Aug 2020
The head of a major aggregation group has called for more guidance around whether the ban on clawback recoupment will...
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Broker market share hits annual high
by Charbel Kadib • 27 Aug 2020
The value of broker-originated home loans has bounced back after declining in the months preceding the economic fallout...
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BID could boost broker market share: Choice
by Malavika Santhebennur • 27 Aug 2020
The best interests duty could significantly increase the market share of brokers writing loans in the next three years,...
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FBAA urges lenders to move to digital docs
by Malavika Santhebennur • 26 Aug 2020
The FBAA has said it is “farcical” for lenders to still be posting loan documents to brokers, and is urging banks...
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Brokers urged to help SMEs brace for ‘D-day’
by Reporter • 26 Aug 2020
Brokers have been encouraged to prepare for the resumption of debt obligations following the expiry of COVID-related...
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Non-bank launches loan product for self-employed
by Malavika Santhebennur • 26 Aug 2020
Better Choice Home Loans has launched a new home loan product for self-employed borrowers with no risk fee or LMI.
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Brokerage awarded B Corp certification
by Malavika Santhebennur • 26 Aug 2020
A Sydney-based brokerage is the first specialist finance brokerage to have been given a B Corporation certification.
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Borrowers turn to government stimulus to pay mortgage
by Annie Kane • 25 Aug 2020
An increasing number of people are using government stimulus payments to pay their mortgages or rent, according to new...
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ANZ extends cashback offer deadlines
by Malavika Santhebennur • 25 Aug 2020
The major bank has extended cashback and drawdown deadlines for borrowers lodging applications to refinance their home...
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Advice remediation bill exceeds $1bn
by Reporter • 25 Aug 2020
Banks and financial services institutions have incurred over $1 billion in remediation charges associated with the...
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Remote working to shift property price trends
by Malavika Santhebennur • 25 Aug 2020
The best performing areas in terms of property prices could change as remote working will make living outside the...
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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...
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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...
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