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Breaking News
ASIC levy to cost broking industry over $10m
by Annie Kane • 15 Jun 2020
The cost of regulating credit intermediaries in 2019-20 is estimated to be $10.1 million, according to ASIC, a 53 per...
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Mortgage Choice axed from All Ords
by Charbel Kadib • 15 Jun 2020
The brokerage is set to be removed from the All Ordinaries index following a review from the ASX.
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Submissions open for 2020 Women in Finance Awards
by reporter • 15 Jun 2020
The Adviser, in partnership with AMP Bank, is proud to announce the launch of this year’s Women in Finance Awards.
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Associations welcome ASIC BID update
by Annie Kane • 12 Jun 2020
The FBAA and MFAA have both welcomed the news that ASIC will soon publish a new regulatory guide on how to comply with...
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NAB, Westpac lose broker business
by Charbel Kadib • 12 Jun 2020
A deterioration in the major bank’s assessments processes has coincided with a decline in their share of mortgage...
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Lockdown triggering more retirement conversations
by Annie Kane • 12 Jun 2020
More brokers are looking to retire or semi-retire after spending more time at home due to the COVID-19 social...
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AOFM to invest $90m in Prospa warehouse
by Hannah Dowling • 12 Jun 2020
The Australian Office of Financial Management has approved a maximum investment of $90 million into a Prospa Group...
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Hot Property: The biggest property headlines from the week that was
by Staff Reporter • 12 Jun 2020
The weekly round-up of the biggest news stories from across Momentum Media’s property titles.
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New BID guidance imminent
by Annie Kane • 11 Jun 2020
ASIC has revealed that it will soon publish its regulatory guide for mortgage brokers on how it will assess compliance...
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CBA faces class action over credit insurance
by Annie Kane • 11 Jun 2020
A class action has been filed against Commonwealth Bank in relation to allegations that the major bank sold its...
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Lender lifts fixed mortgage rates
by Reporter • 11 Jun 2020
A non-major lender has announced fixed-rate increases across both its owner-occupied and investment home loans.
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New non-resident loan product launched
by Hannah Dowling • 11 Jun 2020
Better Choice Home Loans has announced the launch of a new mortgage product for non-residents wishing to purchase a...
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Why this broker outsources her social media tasks
by Malavika Santhebennur • 11 Jun 2020
SA/NT Finance Broker of the Year, Monica Wandel of SA Finance Hub, explains why she outsources her social media...
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Major brokerage sees ‘influx’ of HomeBuilder enquiries
by Hannah Dowling • 10 Jun 2020
Aussie Home Loans has reported an “influx” in enquiries over the last week, following the announcement of the...
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NSW launches $36m project to tackle homelessness
by Annie Kane • 10 Jun 2020
NSW state government has launched its largest housing response dedicated to rough sleepers, providing $36 million into...
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Broker market share hit by ‘blowout’ in turnaround times
by Charbel Kadib • 9 Jun 2020
A spike in processing times for mortgage applications has contributed to a decline in the share of broker-originated...
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Government extends instant asset write-off deadline
by Annie Kane • 9 Jun 2020
The federal Treasurer has extended the $150,000 instant asset write-off scheme by six months to help businesses buy new...
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Deferral customers prematurely resuming repayments: ANZ
by Charbel Kadib • 9 Jun 2020
One in three mortgage deferral customers has opted to recommence paying down their debt ahead of the expiry of their...
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SMEs most likely to turn to brokers for buying assets
by reporter • 9 Jun 2020
While SMEs look to brokers for help with their finances, research shows that this is particularly the case with buying...
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AFG completes equity raise
by Reporter • 9 Jun 2020
The mortgage aggregator has completed the final phase of a $60-million equity raise aimed at strengthening its...
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Real estate marketplace partners with broker channel
by Hannah Dowling • 9 Jun 2020
Real estate marketplace ListingLoop.com.au has launched a new referral program that will see brokers provide clients...
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Industry CEOs to participate in Vinnies Sleepout
by Annie Kane • 8 Jun 2020
Several CEOs and heads of finance companies operating in the broker channel will be taking part in the Vinnies CEO...
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Brokers identify market hotspots
by Hannah Dowling • 8 Jun 2020
In the era of COVID-19 and record-low interest rates, Aussie Home Loans brokers have highlighted key localities where...
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SFG appoints new state manager
by Hannah Dowling • 8 Jun 2020
Mortgage aggregator Specialist Finance Group has announced the appointment of Hannah Carter as its new state manager...
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‘Don’t rush in’: Risks of new housing scheme flagged
by Charbel Kadib • 5 Jun 2020
Broker support is critical for borrowers looking to capitalise on the government’s new housing grants, Aussie Home...
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