Mortgage and Finance Brokers Breaking News - The Adviser

Breaking News

SFG appoints new state manager

by Hannah Dowling • 8 Jun 2020

Mortgage aggregator Specialist Finance Group has announced the appointment of Hannah Carter as its new state manager...READ MORE

‘Don’t rush in’: Risks of new housing scheme flagged

by Charbel Kadib • 5 Jun 2020

Broker support is critical for borrowers looking to capitalise on the government’s new housing grants, Aussie Home... READ MORE

AFG welcomes specialist lender to its panel

by Hannah Dowling • 5 Jun 2020

The aggregator has welcomed specialty asset finance lender Australian Motorcycle & Marine Finance (AMMF) to AFG... READ MORE

Finsure expands third-party team, appoints new BDMs

by Reporter • 5 Jun 2020

The mortgage aggregator has announced the appointment of new business development managers for NSW and... READ MORE

Brokers diversify income as EOFY looms

by Hannah Dowling • 5 Jun 2020

Brokers are “racing” to diversify their income ahead of EOFY, including the expansion into asset financing,... READ MORE

Brokers wrote half of FHLDS loans

by Hannah Dowling • 4 Jun 2020

The latest figures for the FHLDS suggest that brokers assisted in up to 50 per cent of placements within the scheme, as... READ MORE

Low repayment loan for brokers launches

by Annie Kane • 4 Jun 2020

Specialist lender TrailBlazer Finance has launched a new low repayment loan for mortgage brokers and financial... READ MORE

PLAN bolsters lending panel

by Hannah Dowling • 4 Jun 2020

The aggregator has announced the addition of Better Choice Home Loans to its lending... READ MORE

How prioritising relationships pays off for this broker

by Malavika Santhebennur • 4 Jun 2020

Strong relationships with clients, staff and referral partners have helped this brokerage grow and succeed.

Major bank overhauls assessment process

by Charbel Kadib • 3 Jun 2020

A big four bank has bolstered its assessment team and will prioritise “sensitive” loan applications to address a... READ MORE

Industry reacts to cash rate decision

by Hannah Dowling • 3 Jun 2020

The Reserve Bank of Australia has announced its decision to leave the official cash rate unchanged at 0.25 per cent... READ MORE

Ignorance of extended asset write-off a boon for brokers

by reporter • 3 Jun 2020

More than a third of SMEs are unaware of the extended instant asset write-off, which represents a “key opportunity”... READ MORE

RBA maintains status quo amid calls to consider cuts

by Charbel Kadib • 2 Jun 2020

The central bank has held the cash rate at its effective lower bound but has been urged to consider negative interest... READ MORE

CBA announces interest-only lifeline

by Annie Kane • 2 Jun 2020

The bank has become the second major lender to offer customers the option to switch to interest-only repayments, or... READ MORE

Brokers cite refinancing as key profit driver

by Annie Kane • 2 Jun 2020

The vast majority of brokers believe that refinancing clients is “the best chance for mortgage brokers to have a... READ MORE

Mortgage-holders explore refinancing amid COVID-19

by Malavika Santhebennur • 2 Jun 2020

New research has revealed that the majority of mortgage-holders believe now is a good time to refinance their home but... READ MORE

Funding offered for SME financial wellbeing projects

by reporter • 2 Jun 2020

A major bank’s investment vehicle is offering $150,000 to entrepreneurs with projects that could improve the... READ MORE

Major brokerage appoints new GM of distribution

by Annie Kane • 1 Jun 2020

Mortgage Choice has announced that Citi’s former head of banking and wealth management distribution has replaced... READ MORE

ANZ extends business loan terms

by Hannah Dowling • 1 Jun 2020

The major bank has announced that it will extend the maximum loan term on business loans under $1 million to 30... READ MORE

Credit growth stunted by dive in business lending

by Charbel Kadib • 1 Jun 2020

Credit growth has waned as a result of a sharp drop-off in business lending activity following last month’s high, the... READ MORE

Court rules against bank for ‘unfair’ loan terms

by Reporter • 29 May 2020

The Federal Court has declared a number of loan contracts entered into by a lender “void” after finding that the... READ MORE

RBA, APRA sing different tune on serviceability buffers

by Charbel Kadib • 29 May 2020

APRA chair Wayne Byres has dismissed the need for a cut to the buffer rate for mortgage serviceability assessments,... READ MORE

Remodelled FHB scheme cops backlash

by Hannah Dowling • 29 May 2020

From 1 July, all applications for the FHLDS will require a Notice of Assessment for the 2019-20 financial year, a... READ MORE

Building society employs video VOI process

by Malavika Santhebennur • 29 May 2020

Newcastle Permanent has introduced a new process to enable verification of identity to be completed through a video... READ MORE

Property investors remain confident despite COVID-19: PIPA

by Hannah Dowling • 29 May 2020

Almost three-quarters of property investors remain confident in the housing market’s short-term prospects despite the... READ MORE

Cashback offers driving new consumer behaviour

by Annie Kane • 28 May 2020

More borrowers are looking at refinancing to take advantage of short-term gains such as immediate cash flow rather than... READ MORE

FBAA warns against volume-based incentives

by Malavika Santhebennur • 28 May 2020

The Finance Brokers Association of Australia has urged lenders to cease favouring brokers based on loan volumes before... READ MORE

Why COVID-19 broking trends are here to stay

by Malavika Santhebennur • 28 May 2020

Loan Market executive chairman Sam White has commended brokers for adopting digital home loan processes quickly during... READ MORE

Lending officer sentenced for giving misleading information

by Annie Kane • 27 May 2020

A former lending officer has been sentenced in court after pleading guilty to five charges of giving misleading... READ MORE

VOI rule changes postponed due to COVID