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Compensation scheme should apply to brokers: AFCA
by Malavika Santhebennur • 6 Feb 2020
AFCA has stressed the need for CSLR obligations to apply across the financial services industry, including mortgage...READ MORE
Lender launches loan with repayment-free term
by Charbel Kadib • 6 Feb 2020
Non-bank lender Latitude Financial has rolled out a new personal loan offering with a repayment-free window.
READ MORE
Bank tweaks income verification policy
by Malavika Santhebennur • 6 Feb 2020
A non-major bank has updated its income verification policies to “keep pace” with the changing landscape of... READ MORE
Cash rate still heading south despite upbeat RBA: AMP
by Charbel Kadib • 6 Feb 2020
The Reserve Bank will proceed with its monetary policy easing strategy despite maintaining a “surprisingly”... READ MORE
New draft legislation tentatively welcomed
by Annie Kane • 5 Feb 2020
The FBAA and MFAA have tentatively welcomed new draft legislation, particularly in relation to improving broker... READ MORE
CBA-owned fintech unveils small-business app
by Malavika Santhebennur • 5 Feb 2020
A fintech firm fully owned by the Commonwealth Bank has released a mobile app for small businesses, which collates... READ MORE
Mortgage requirements intimidate first home buyers
by Lyall Russell • 5 Feb 2020
Although property prices continue to increase, it is not the critical barrier for first home buyers, the Housing... READ MORE
First cash rate decision of 2020 revealed
by Hannah Dowling • 4 Feb 2020
The Reserve Bank has announced its cash rate decision for the month of February, the first rate decision made for... READ MORE
Government to bring in new misconduct procedures for brokers
by Annie Kane • 4 Feb 2020
New draft legislation has been released that aims to bring into effect new obligations for credit licensees around... READ MORE
Prospa expands Queensland team
by Hannah Dowling • 4 Feb 2020
The non-bank lender has announced two new appointments to its Queensland team, including a new state... READ MORE
Commercial brokerage expands to NZ
by Hannah Dowling • 4 Feb 2020
Financial services group and commercial brokerage FlexiCommercial, a division of FlexiGroup, has launched into the... READ MORE
Strong year forecast for asset finance
by Malavika Santhebennur • 4 Feb 2020
Aggregator Connective Asset Finance is foreseeing strong growth in 2020 as it expects demand out of NSW and Victoria to... READ MORE
Non-bank lender to ramp up broker partnerships
by Hannah Dowling • 3 Feb 2020
Mortgageport has announced that it intends to expand its partnerships with brokers, starting off by offering First Home... READ MORE
FAST welcomes Judo Bank to its panel
by reporter • 3 Feb 2020
Aggregation company FAST has added SME lender Judo Bank to its panel, welcoming the lender’s agility and service... READ MORE
Non-majors begin offering FHLDS loans
by Annie Kane • 3 Feb 2020
The remaining 7,000 places for the First Home Loan Deposit Scheme are now open, as the non-major lenders begin... READ MORE
Government proposes new ACL obligations
by Charbel Kadib • 31 Jan 2020
The government is consulting on a new bill designed to impose additional information-sharing obligations on credit... READ MORE
Average loan sizes jump in tandem with home values
by Charbel Kadib • 31 Jan 2020
The rebound in residential property prices has triggered increases of up to 9.3 per cent to the average size of a... READ MORE
Newcastle Permanent raises rates on OO IO loans
by Malavika Santhebennur • 31 Jan 2020
The building society has announced that it is increasing interest rates across a couple of its home loan... READ MORE
Warning issued over supply chain finance mining
by Hannah Dowling • 31 Jan 2020
The small business ombudsman has issued a warning to big businesses abusing supply chain finance products to manipulate... READ MORE
ANZ Research revises property price forecasts
by Reporter • 31 Jan 2020
The research group has “revised up” its forecasts for home value growth over the coming year to reflect the recent... READ MORE
Loan Market appoints Westpac group head to leadership team
by Hannah Dowling • 30 Jan 2020
The major brokerage has appointed Westpac’s former head of strategy and business performance (mortgage distribution),... READ MORE
CBA commits more resources to SME lending
by Hannah Dowling • 30 Jan 2020
The major bank has introduced new initiatives to help small businesses access finance, including hiring more dedicated... READ MORE
First-tier lenders regaining appetite for commercial loans
by Reporter • 30 Jan 2020
Mainstream lenders are increasingly coming to the table to service commercial clients following a prolonged period of... READ MORE
Non-major announces bushfire relief measures
by Malavika Santhebennur • 30 Jan 2020
Macquarie Bank has announced measures to provide immediate financial relief to clients who have been impacted by the... READ MORE
Non-majors take majority share of investor loans
by Charbel Kadib • 29 Jan 2020
For the first time in recorded history, more than half of broker-originated investment home loans have been lodged with... READ MORE
Prospa joins PLAN Australia panel
by Annie Kane • 29 Jan 2020
PLAN Australia has welcomed SME lender Prospa to its panel, enabling PLAN members to offer their clients Prospa’s... READ MORE
Mortgage Choice veteran joins Purple Circle
by Charbel Kadib • 29 Jan 2020
The boutique aggregator has announced the appointment of Mortgage Choice’s former head of lending operations.
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Salesforce to keynote Better Business Summit 2020
by reporter • 29 Jan 2020
The leading specialist in client relationship management, Salesforce, is set to reveal the future trends in customer... READ MORE
Mortgage Choice CEO weighs in on FHB scheme
by Hannah Dowling • 28 Jan 2020
The chief executive of the major brokerage criticised the “disappointing” reach of the government’s FHLDS,... READ MORE
Bank drops mortgage rates by up to 125 bps
by Charbel Kadib • 28 Jan 2020
A non-major has slashed home loan rates across both its owner-occupied and investment products.
READ MORE
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