Mortgage and Finance Brokers Breaking News - The Adviser

Westpac earnings plunge, mortgage book thins

by Charbel Kadib • 5 May 2020

A 70 per cent slide in the major bank’s cash earnings has been compounded by a contraction in its residential... READ MORE

New broker commission software launches

by reporter • 5 May 2020

Industry SaaS provider Escientia has released a new software that aims to simplify and streamline mortgage broker... READ MORE

Bank ceases lending for off-the-plan purchases

by Reporter • 4 May 2020

A non-major lender has announced that it will no longer issue credit for off-the-plan property purchases and has... READ MORE

Non-bank extends broker channel presence

by Annie Kane • 4 May 2020

Brighten Home Loans has joined the lender panel of Vow Financial, its first aggregator partnership, as the non-bank... READ MORE

Mortgage Choice rebrands wealth business

by Reporter • 4 May 2020

The financial services group has officially rebranded its wealth division as part of a broader transformation... READ MORE

The ATO and ASBFEO reveal how JobKeeper affects business

by reporter • 4 May 2020

The Australian Taxation Office, the ASBFEO and Reckon are joining our sister title, My Business, in a free, live and... READ MORE

ANZ ‘cleans up’ turnaround times, volumes surge

by Charbel Kadib • 1 May 2020

The major bank’s home loan volumes have spiked over the past six weeks despite the slide in housing market... READ MORE

Brokers drove 80% of FHLDS applications for bank

by Annie Kane • 1 May 2020

The vast majority of applications for the First Home Loan Deposit Scheme submitted to a WA-based bank came through... READ MORE

AFCA slammed with complaints as hardship requests soar

by Sarah Kendell • 1 May 2020

The financial services industry ombudsman has received over 450 complaints so far relating to consumer treatment by... READ MORE

Bank to automatically move borrowers to new products

by Annie Kane • 30 Apr 2020

A non-major bank has announced that it will automatically switch customers on legacy mortgages to new products... READ MORE

Big 4 unfazed by sharper pricing from non-majors

by Charbel Kadib • 30 Apr 2020

Lower home loan rates offered by smaller lenders had no bearing on the big four’s pricing decisions, the ACCC has... READ MORE

New online learning centre for brokers launches

by reporter • 30 Apr 2020

The Adviser has launched a brand new e-learning centre, The Knowledge Centre, to help brokers earn CPD points and... READ MORE

How this broker manages a 10-person team

by Hannah Dowling • 30 Apr 2020

Recently crowned SA/NT Broker of the Year and Best Residential Broker at the Better Business Awards 2020, Adelaide... READ MORE

Aussie launches stay-at-home ad campaign

by Malavika Santhebennur • 30 Apr 2020

The major brokerage has announced a new home advertising campaign and the integration with a mortgage origination... READ MORE

Treasury calls for ‘greater transparency’ in home loans

by Annie Kane • 29 Apr 2020

The federal Treasury has welcomed the release of the ACCC Home Loan Price Inquiry, stating that the findings... READ MORE

Westpac tightens screws on LMI, income verification

by Reporter • 29 Apr 2020

The major bank has amended its residential lending policy to reflect changes in its economic outlook amid the ongoing... READ MORE

NAB secures $3bn in capital

by Hannah Dowling • 29 Apr 2020

The major bank has successfully secured $3 billion in capital from domestic and overseas investors in a share placement... READ MORE

JobKeeper claims deadline extended

by Reporter • 29 Apr 2020

The claims period for the JobKeeper payment has been extended by the federal government. READ MORE

Mortgage slump adds to NAB’s earnings woes

by Charbel Kadib • 28 Apr 2020

A home lending portfolio contraction has been overshadowed by a 156.8 per cent spike in NAB’s credit impairment costs... READ MORE

Gateway partners with cloud software provider

by Malavika Santhebennur • 28 Apr 2020

The non-major lender has partnered with a cloud-based software solutions provider to offer brokers a loan origination... READ MORE

Profit stopped banks from passing on full rate cuts: ACCC

by Annie Kane • 27 Apr 2020

Recovering profit is “central” to the major banks’ decisions not to always pass on the full RBA rate cut, the... READ MORE

Firstmac to acquire brokerage

by Charbel Kadib • 27 Apr 2020

The non-bank lender is in the process of acquiring a brokerage in a bid to diversify its lending business. READ MORE

Loan relief to disguise ‘true’ credit impact of COVID-19: S&P