Breaking News
Brokers encouraged to seize data opportunities
by • 20 Sep 2019
Head of Choice Aggregation Stephen Moore has encouraged brokers to capitalise on industry momentum by embracing new...READ MORE
Brokers have their say on serviceability changes
by • 20 Sep 2019
Several leading brokers have suggested that APRA’s recent changes to home loan serviceability guidelines will result... READ MORE
Government urged to invest budget underspend on housing
by • 20 Sep 2019
The government is being urged to invest more in social and affordable housing after Treasury revealed a “return to... READ MORE
Advantedge updates credit policy
by • 20 Sep 2019
The white label funder has announced changes to its home lending policy to ensure that it “continues lending... READ MORE
Aggregator head laments bank response to rem reform
by • 19 Sep 2019
The head of a major aggregator has flagged issues associated with the conflicting methods used by lenders to calculate... READ MORE
ME mortgage book grows 7%, market share increases
by • 19 Sep 2019
The broker channel helped the non-major bank grow its home loan portfolio by 7.3 per cent in the 2019 financial year,... READ MORE
Big 4 expected to demand clarity from ASIC
by Sarah Simpkins • 19 Sep 2019
Former YBR head Tim Brown has become the latest industry representative to warn that hazy guidelines around responsible... READ MORE
New commercial loans portal launches
by • 19 Sep 2019
A new commercial loans portal, Marketplace.finance, has launched, which enables accredited referrers such as brokers to... READ MORE
Conversion rates increase despite credit crackdown
by • 18 Sep 2019
An increasing number of loans lodged by brokers are progressing to settlement, despite increased scrutiny on mortgage... READ MORE
Identity theft ring responsible for multimillion-dollar fraud
by • 18 Sep 2019
ASIC and the AFP have begun court proceedings against suspected members of an online fraud syndicate that allegedly... READ MORE
How brokers can help support SME clients grow
by • 18 Sep 2019
Helping SME clients secure finance is one aspect of a finance broker’s business, but understanding when and how to... READ MORE
Banks ‘ready and open’ to lend to SMEs
by • 18 Sep 2019
ABA CEO Anna Bligh has urged small-business owners to seek credit, amid new research reporting loan approval rates of... READ MORE
Prime home loan arrears fell in July
by • 17 Sep 2019
Australian prime home loan arrears fell in July in all states except NSW and South Australia, but they remain above... READ MORE
Non-majors update expense validation process
by • 17 Sep 2019
BOQ and Heritage have both made updates to their processes for expense validation, effective... READ MORE
Mutual bank updates serviceability calculator
by • 17 Sep 2019
As of today, Teachers Mutual Bank will make changes to its loan origination servicing calculator, which will require... READ MORE
NAB announces support team for vulnerable customers
by • 17 Sep 2019
The big bank has responded to the ABA’s new Banking Code of Practice with the introduction of its Customer Support... READ MORE
Pepper launches mortgage offering in NZ
by • 16 Sep 2019
Non-bank lender Pepper Money has launched mortgage lending operations in New Zealand, offering advisers in New Zealand... READ MORE
Fewer mortgage brokers writing commercial loans
by • 16 Sep 2019
Contrary to industry expectations, the MFAA has reported a decline in the number of commercial loans written by... READ MORE
SME lender buys Eclipx Commercial
by • 16 Sep 2019
SME lender Grow Asset Finance has purchased Eclipx Commercial for $14.6 million, as Eclipx divests its assets to reduce... READ MORE
Prospa launches education initiative
by • 16 Sep 2019
The SME lender has launched a new, interactive education program to assist brokers transition into SME... READ MORE
Broker commissions slide to historic low
by • 13 Sep 2019
The average annual commission earned by a broker has slipped to a record low, according to new MFAA research, which... READ MORE
New law would give ASIC greater banning powers
by • 13 Sep 2019
A consultation has launched for new legislation that would broaden the financial services regulator’s powers so it... READ MORE
TMB reveals ethical short-term deposits
by • 13 Sep 2019
The bank has announced that all future wholesale short-term deposits have been ethically certified, the latest TMB... READ MORE
CUA appoints new CEO
by Annie Kane • 12 Sep 2019
The credit union has announced that it will promote its chief sales officer to CEO on 1 November... READ MORE
ASIC to release loan fraud report next month
by • 12 Sep 2019
The financial services regulator has revealed that it is to release a major publication on loan fraud next month, which... READ MORE
How to ask R U OK?
by • 12 Sep 2019
R U OK? Day non-executive director Graeme Cowan shares his tips and strategies for starting the mental health... READ MORE
Adelaide Bank cuts fixed rates by up to 60 bps
by • 12 Sep 2019
The non-major has reduced fixed rates across its owner-occupied and investment home loan products offered exclusively... READ MORE
Purple Circle welcomes 100% LVR lender to its panel
by • 12 Sep 2019
The aggregator has welcomed Granite Home Loans to its panel, giving its brokers access to no-deposit home loans for... READ MORE
Bank bracing for ‘busy’ season through broker channel
by • 11 Sep 2019
A non-major bank is preparing for an anticipated spike in home loan volumes over the coming months by bolstering its... READ MORE
ASIC to prolong HEM dispute with Westpac
by • 11 Sep 2019
The corporate regulator will contest the Federal Court’s decision to dismiss its responsible lending case against... READ MORE

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