Breaking News
MFAA backs ‘entirely appropriate’ APRA reforms
by • 9 Jul 2019
The association has expressed its support for the prudential regulator’s changes to home loan serviceability...READ MORE
Non-majors lower mortgage rates
by • 9 Jul 2019
AMP Bank and Bendigo Bank are among the latest lenders to reduce their home loan rates following the Reserve Bank’s... READ MORE
Industry ‘close’ to finalising financial abuse statement
by • 9 Jul 2019
The mortgage broking industry is reportedly “close to finalising the wording of a broker statement around... READ MORE
Aussie recruits more women than men for the first time
by • 9 Jul 2019
The major brokerage has announced that it has recruited more female mortgage brokers than male ones for the first time... READ MORE
ASIC urged to ‘codify’ broker obligations
by • 8 Jul 2019
ASIC has been urged to enshrine “strong, consumer-focused” requirements for brokers in its responsible lending... READ MORE
Pepper prices inaugural asset finance securitisation
by • 8 Jul 2019
Non-bank lender Pepper has priced its inaugural term transaction of asset finance receivables under a newly created... READ MORE
Heritage completes real-time payments rollout
by • 8 Jul 2019
The community-owned bank is one of the latest to complete its rollout of instant payments via the New Payments... READ MORE
Australia’s leading brokers honoured at ABAs 2019
by • 5 Jul 2019
The leading players in the broking industry have been named at The Adviser’s Australian Broking Awards... READ MORE
Brokers covered for financial abuse declaration: PI insurer
by • 5 Jul 2019
Specialist Finance Group has said the issue around financial abuse declarations has taken a “major step” forward... READ MORE
Mortgage rate cuts continue
by • 5 Jul 2019
Macquarie and Bankwest are among several more lenders to announce mortgage rate cuts in response to the Reserve... READ MORE
Lenders should be given verification priority: 86 400
by • 5 Jul 2019
Lenders should be able to rely on their own verification checks if a “discrepancy” is identified from the... READ MORE
Heartland secures $250m funding facility
by • 5 Jul 2019
Heartland Group Holdings has announced that it has further diversified its local funding base by securing a $250... READ MORE
Aggregators call for new approaches to responsible lending
by • 4 Jul 2019
Broking groups have joined the industry associations in calling for greater clarity around responsible lending... READ MORE
Non-majors begin releasing rate cut decisions
by • 4 Jul 2019
ING, Suncorp and ME have announced their rate changes following the RBA meeting, but have not passed the full reduction... READ MORE
Credit crackdown to offset boost from rate cuts
by • 4 Jul 2019
“Highly restrictive” conditions in the lending landscape remain the “overriding issue” inhibiting access to... READ MORE
Resimac acquires stake in Positive Group
by • 3 Jul 2019
Non-bank mortgage lender Resimac Group Ltd has acquired a $3-million stake in SA-based financial services fintech... READ MORE
Broking industry tentatively welcomes rate cut
by • 3 Jul 2019
Several representatives from the mortgage broking industry have welcomed the central bank’s decision to further... READ MORE
Lenders respond to RBA move with mortgage rate cuts
by • 3 Jul 2019
The mortgage market has responded to the Reserve Bank’s second consecutive cut to the official cash rate, with... READ MORE
Westpac group updates fixed rate prepayment threshold
by • 3 Jul 2019
Westpac and its subsidiaries will increase the fixed rate prepayment threshold by $20,000 from next... READ MORE
Cash rate slashed to new low
by Charbel Kadib • 2 Jul 2019
The Reserve Bank has cut the official cash rate for the second month in a row, with focus now shifting to the response... READ MORE
Associations call for ‘clarity’ on expense verification
by • 2 Jul 2019
The MFAA and the FBAA have called on ASIC to provide the mortgage industry with greater guidance surrounding expense... READ MORE
Brokers expect at least one more RBA rate cut
by • 2 Jul 2019
A new survey of brokers has revealed a unanimous view that the Reserve Bank will cut the official cash rate at least... READ MORE
Newly appointed lender CEO affirms broker support
by • 2 Jul 2019
The new CEO of Newcastle Permanent, Bernadette Inglis, has officially commenced in her new role and outlined her... READ MORE
Revised pensioner loans scheme comes into effect
by • 2 Jul 2019
The revised Pension Loans Scheme, intended to provide an income boost to a greater number of retirees, is now in... READ MORE
Big four diverge in mortgage market
by • 1 Jul 2019
The major banks have reported mixed results in the home lending space, with one lender slipping deeper into negative... READ MORE
Value of brokers showcased in new TV series
by • 1 Jul 2019
The valuable role that mortgage brokers play in helping consumers save for and secure a mortgage has been highlighted... READ MORE
Wealth and mortgage debt both edge higher
by • 1 Jul 2019
Household wealth edged higher in the March quarter, but declining house prices meant mortgage debt also creeped up,... READ MORE
BOQ slashes fixed rates to new lows
by • 1 Jul 2019
The non-major has announced rate reductions across its fixed home loan offerings ahead of the Reserve Bank’s next... READ MORE
Banking code obligations could ‘bankrupt’ brokers
by • 28 Jun 2019
Broking industry stakeholders have come out in force to oppose “unfair” credit policy changes introduced as part of... READ MORE
ASIC to host new set of public hearings
by • 28 Jun 2019
The corporate regulator will host public hearings attended by banks and industry stakeholders to discuss changes to its... READ MORE

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