Mortgage and Finance Brokers Breaking News - The Adviser

NAB tightens lodgement standards to reduce lags

by Charbel Kadib • 16 Jun 2020

The major bank has announced a number of changes to its submission standards for loan applications in a bid to... READ MORE

Auction volumes, clearance rates see growth

by Malavika Santhebennur • 16 Jun 2020

Both auction volumes and clearance rates increased over the past week, closing the gap on the previous corresponding... READ MORE

New commission-based charity initiative launched

by Reporter • 16 Jun 2020

A Brisbane-based mortgage brokerage has announced that it would donate a share of its upfront commission to support... READ MORE

Brokerage issues warning over rent relief exclusion

by Hannah Dowling • 16 Jun 2020

“Thousands” of SMEs facing financial difficulties amid COVID-19 may not be covered by the government’s Mandatory... READ MORE

ASIC levy to cost broking industry over $10m

by Annie Kane • 15 Jun 2020

The cost of regulating credit intermediaries in 2019-20 is estimated to be $10.1 million, according to ASIC, a 53 per... READ MORE

Mortgage Choice axed from All Ords

by Charbel Kadib • 15 Jun 2020

The brokerage is set to be removed from the All Ordinaries index following a review from the ASX. READ MORE

Submissions open for 2020 Women in Finance Awards

by reporter • 15 Jun 2020

The Adviser, in partnership with AMP Bank, is proud to announce the launch of this year’s Women in Finance Awards. READ MORE

Associations welcome ASIC BID update

by Annie Kane • 12 Jun 2020

The FBAA and MFAA have both welcomed the news that ASIC will soon publish a new regulatory guide on how to comply with... READ MORE

NAB, Westpac lose broker business

by Charbel Kadib • 12 Jun 2020

A deterioration in the major bank’s assessments processes has coincided with a decline in their share of mortgage... READ MORE

Lockdown triggering more retirement conversations

by Annie Kane • 12 Jun 2020

More brokers are looking to retire or semi-retire after spending more time at home due to the COVID-19 social... READ MORE

AOFM to invest $90m in Prospa warehouse

by Hannah Dowling • 12 Jun 2020

The Australian Office of Financial Management has approved a maximum investment of $90 million into a Prospa Group... READ MORE

Hot Property: The biggest property headlines from the week that was

by Staff Reporter • 12 Jun 2020

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

New BID guidance imminent

by Annie Kane • 11 Jun 2020

ASIC has revealed that it will soon publish its regulatory guide for mortgage brokers on how it will assess compliance... READ MORE

CBA faces class action over credit insurance

by Annie Kane • 11 Jun 2020

A class action has been filed against Commonwealth Bank in relation to allegations that the major bank sold its... READ MORE

Lender lifts fixed mortgage rates

by Reporter • 11 Jun 2020

A non-major lender has announced fixed-rate increases across both its owner-occupied and investment home loans. READ MORE

New non-resident loan product launched

by Hannah Dowling • 11 Jun 2020

Better Choice Home Loans has announced the launch of a new mortgage product for non-residents wishing to purchase a... READ MORE

Why this broker outsources her social media tasks

by Malavika Santhebennur • 11 Jun 2020

SA/NT Finance Broker of the Year, Monica Wandel of SA Finance Hub, explains why she outsources her social media... READ MORE

Major brokerage sees ‘influx’ of HomeBuilder enquiries

by Hannah Dowling • 10 Jun 2020

Aussie Home Loans has reported an “influx” in enquiries over the last week, following the announcement of the... READ MORE

NSW launches $36m project to tackle homelessness

by Annie Kane • 10 Jun 2020

NSW state government has launched its largest housing response dedicated to rough sleepers, providing $36 million into... READ MORE

Broker market share hit by ‘blowout’ in turnaround times

by Charbel Kadib • 9 Jun 2020

A spike in processing times for mortgage applications has contributed to a decline in the share of broker-originated... READ MORE

Government extends instant asset write-off deadline

by Annie Kane • 9 Jun 2020

The federal Treasurer has extended the $150,000 instant asset write-off scheme by six months to help businesses buy new... READ MORE

Deferral customers prematurely resuming repayments: ANZ