Mortgage and Finance Brokers Breaking News - The Adviser

Aggregator renews compliance push ahead of BID

by Hannah Dowling • 27 Mar 2020

Finsure has announced that it will be renewing its focus on compliance measures as the deadline for best interests duty... READ MORE

Early adoption of technology key in crisis

Leading broker reveals how he is working remotely

by Malavika Santhebennur • 27 Mar 2020

A South Australia-based broker explains how equipping his brokerage with technological tools well in advance of the... READ MORE

SMEs given resources to tackle COVID-19 stress

by Malavika Santhebennur • 27 Mar 2020

My Business Health, a web portal established by the ASBFEO for small-business owners, has created a dedicated section... READ MORE

More lenders confirm COVID-19 trail payments

by Annie Kane • 26 Mar 2020

The Westpac group, Auswide Bank and Adelaide Bank have confirmed that they will continue to pay trail to brokers whose... READ MORE

Former CBA specialist joins Loan Market

by Hannah Dowling • 26 Mar 2020

Loan Market has announced the appointment of Michael Zavelberg to the role of head of business improvement, in support... READ MORE

Auctions and open house inspections banned

by reporter • 25 Mar 2020

Prime Minister Scott Morrison has issued a crackdown on public auctions and open house inspections. READ MORE

Banks should partner with fintechs on SME loans: Lumi

by Annie Kane • 25 Mar 2020

Unsecured lender Lumi is calling on government and the banking community to partner with fintechs in a move to “avoid... READ MORE

AFCA to ‘modify’ approach to dispute resolution

by Charbel Kadib • 25 Mar 2020

AFCA will alter its approach to dispute resolution to reflect government and regulatory responses to the coronavirus... READ MORE

Asset finance platform offers brokers free marketing

by Hannah Dowling • 25 Mar 2020

Personal and asset finance platform Nodifi is offering complimentary digital marketing materials to mortgage brokers to... READ MORE

Pepper confirms trail stance for COVID-19 loans

by Annie Kane • 24 Mar 2020

Pepper Money has become the first lender to publicly announce its position on trail commission payments to brokers for... READ MORE

Non-majors announce loan relief packages

by Charbel Kadib • 24 Mar 2020

Several non-major lenders have announced relief measures for consumers affected by the coronavirus outbreak, which... READ MORE

Responsible lending exemption issued

by Annie Kane • 24 Mar 2020

The government is providing lenders with an exemption from responsible lending obligations for a period of six months... READ MORE

Lenders to announce COVID-19 trail policy

by Annie Kane • 23 Mar 2020

The banks have said they are “conscious that brokers are small businesses [and will] require support”, and will be ... READ MORE

Senior NAB exec to step down

by Charbel Kadib • 23 Mar 2020

The major bank has announced the departure of another senior executive, just weeks after confirming the resignation of... READ MORE

‘More help’ issued for SMEs and sole traders

by Annie Kane • 23 Mar 2020

The government has released a second support package to “cushion the blow” of the coronavirus on the economy,... READ MORE

TMB lowers serviceability, fixed rates

by Hannah Dowling • 23 Mar 2020

TMB Ltd has lowered its interest rate floor for home loan serviceability assessments, as well as announced rate cuts... READ MORE

ANZ announces policy changes

by Hannah Dowling • 23 Mar 2020

The major bank has announced changes to its genuine savings policy for FHBs, as well as extended its tax return... READ MORE

Big banks offer mortgage repayment relief

by Charbel Kadib • 20 Mar 2020

The major banks have outlined how they are supporting those affected by the coronavirus pandemic and its economic... READ MORE

Brokers urged to help SMEs through COVID-19

by Hannah Dowling • 20 Mar 2020

SME lenders are calling on brokers to educate their SME clients on how to take full advantage of the government’s new... READ MORE

Banks move to adopt remote loan writing and VOI process

by Malavika Santhebennur • 20 Mar 2020

With society increasingly adopting social distancing as the COVID-19 pandemic continues, several lenders... READ MORE

RBA, government to provide lenders with billions for SMEs

by Annie Kane • 19 Mar 2020

The central bank and federal government are establishing new multibillion-dollar initiatives to enable lenders to... READ MORE

RBA pulls emergency lever

by Charbel Kadib • 19 Mar 2020

The central bank has announced an emergency cut to the official cash rate to further stimulate the domestic economy as... READ MORE

ASBFEO calls on PM to help sole traders

by Hannah Dowling • 19 Mar 2020

The small business ombudsman has called upon the Prime Minister to expand the small-business stimulus package to... READ MORE

CUA lending volumes take hit in ‘conscious’ move

by Malavika Santhebennur • 19 Mar 2020

The value of new loans issued by the credit union dropped by almost 36 per cent in the first half of FY20, the lender... READ MORE