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Breaking News
US fintech to acquire OnDeck
by Annie Kane • 30 Jul 2020
US financial services technology company Enova has announced that it is to acquire SME lender OnDeck in a transaction...
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ACT launches HomeBuilder registration process
by Malavika Santhebennur • 30 Jul 2020
The ACT government has launched a two-step process for those wishing to access the new HomeBuilder grants, as more...
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Australian households comfortable about their finances
by Cameron Micallef and Annie Kane • 30 Jul 2020
Government lifelines, including the JobKeeper and JobSeeker payments, are having an impact, with more Australians...
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How this broker creates a happy workplace
by Malavika Santhebennur • 30 Jul 2020
Ensuring staff feel valued, allowing flexible working patterns and providing small rewards for good work are key to a...
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Westpac to onshore jobs to improve processing lags
by Annie Kane • 29 Jul 2020
The major bank has said that it will onshore 1,000 jobs following “challenging conditions for home lending processing...
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Wisr reports 92% surge in loan originations
by Reporter • 29 Jul 2020
A spike in loan originations has contributed to an 18 per cent increase in the fintech’s operating revenue, its...
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CBA fintech launches app for first-time SMEs
by Malavika Santhebennur • 29 Jul 2020
A CBA-owned fintech has launched an app for SMEs to start their business, along with a cash incentive for SMEs that...
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Federal court winds up illegal investment scheme
by Lachlan Maddock • 29 Jul 2020
The Federal Court has made orders to wind up an unregistered managed investment scheme after its operators were found...
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CML to acquire invoice finance lender
by Annie Kane • 28 Jul 2020
CML Group has entered into a binding agreement to purchase Skippr Invoice Finance in its latest plans to expand its...
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Home buyer appetite remains strong
by Malavika Santhebennur • 28 Jul 2020
Sydney and Melbourne have returned strong clearance rates (excluding withdrawn properties), indicating homes are still...
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YBR reports settlement, book growth
by Reporter • 28 Jul 2020
The diversified mortgage business has closed the 2020 financial year with an increase in home loan settlements.
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Government urged to simplify advice regulation
by Miranda Brownlee • 28 Jul 2020
An industry association has called on the government to simplify the regulatory framework for financial advice, with...
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NSW abolishes stamp duty for FHB homes under $800k
by Annie Kane • 27 Jul 2020
The NSW state government has abolished stamp duty for first home buyers purchasing new homes under $800,000, a move...
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Major bank introduces new serviceability probe
by Charbel Kadib • 27 Jul 2020
Brokers will now be required to document their clients’ post-retirement mortgage repayment plans, with a big four...
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Business lending volumes bounce
by Reporter • 27 Jul 2020
Treasurer Josh Frydenberg has reported a sharp increase in the flow of business credit from the big four banks over the...
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Younger cohort slammed with COVID-19 job loss
by Malavika Santhebennur • 27 Jul 2020
Younger Australians have been most affected by the economic crisis of COVID-19, with almost half losing their jobs or...
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Treasurer details severity of COVID headwinds
by Charbel Kadib • 24 Jul 2020
The budget deficit has surged to unprecedented levels, and the unemployment rate is set to hit a record high,...
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AFG prices largest RMBS transaction to date
by Malavika Santhebennur • 24 Jul 2020
The aggregation group has successfully priced its largest RMBS transaction to date, totalling $700 million.
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Hot Property: The biggest property headlines from the week 20-24 July...
by reporter • 24 Jul 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 24...
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Amfin welcomes new head of sales and BDM
by reporter • 24 Jul 2020
The asset finance specialist has appointed Paul Murray as its new head of sales and expanded its business development...
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Heritage appoints head of business to spearhead expansion
by Reporter • 23 Jul 2020
The mutual bank has revamped its business division as part of a plan to “quadruple” its business portfolio and...
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AFG brings on digital mortgage lender
by Annie Kane • 23 Jul 2020
The major aggregation group has signed a strategic partnership with 86 400 to give its brokers access to the...
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Aussie partners with Salesforce
by Malavika Santhebennur • 23 Jul 2020
Aussie has partnered with Salesforce as part of its ongoing “digital transformation” for its broker network.
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Why this broker values strong accountant relationships
by Malavika Santhebennur • 23 Jul 2020
The recently crowned Broker of the Year stresses the importance of building trust with referral partners and clients to...
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FBAA head urges lenders to resolve processing lags
by Charbel Kadib • 22 Jul 2020
Turnaround times, VOI processes and form standardisation have been flagged by FBAA managing director Peter White as...
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