Mortgage and Finance Brokers Breaking News - The Adviser

Westpac releases response plan to AUSTRAC issues

by Annie Kane • 26 Nov 2019

The big four bank has released its response plan to the AML/CTF issues raised by AUSTRAC, which includes the... READ MORE

RateSetter joins FAST’s lender panel

by Malavika Santhebennur • 26 Nov 2019

The peer-to-peer lender has joined FAST’s panel of lenders, the latest aggregator panel it has joined since... READ MORE

Loan Market partners with 100% LVR lender

by Hannah Dowling • 26 Nov 2019

The broking franchise has welcomed a new lender to its panel, which specialises in low or no-deposit home loans for... READ MORE

Macquarie to revise upfront commission model

by Charbel Kadib • 25 Nov 2019

The non-major will change the way it calculates upfront commissions paid to brokers in a bid to “standardise” the... READ MORE

AFG, Connective merger delayed

by Charbel Kadib • 25 Nov 2019

The finalisation of AFG’s merger with Connective has been delayed, with court proceedings progressing at a... READ MORE

Major bank launches new pre-qualification tool

by Malavika Santhebennur • 25 Nov 2019

The big four bank has announced that it will replace ANZ Toolkit, warning that old data will not be automatically moved... READ MORE

Wisr loan book hits $150m

by Hannah Dowling • 25 Nov 2019

The neo-lender has announced that its loan originations has surpassed $150 million, with its annual origination run... READ MORE

Associations back broker separation reforms

by Charbel Kadib • 22 Nov 2019

Both industry associations have called for “greater transparency” in broker separation letters issued by lenders to... READ MORE

MFAA welcomes new board members

by Annie Kane • 22 Nov 2019

Two brokers have become the newest directors elected to the Mortgage & Finance Association of Australia board. READ MORE

Major mortgage borrower survey launches

by Annie Kane • 22 Nov 2019

A major mortgagor survey has launched, aiming to highlight the experiences of borrowers through the retail and... READ MORE

Better Business Awards entries close today

by reporter • 22 Nov 2019

Today marks the final day in which entries for The Adviser’s state-based awards program, the Better Business Awards... READ MORE

Broking industry losing female brokers

by Annie Kane • 21 Nov 2019

There are 100 fewer female brokers in industry than there were a year ago, according to a new MFAA report, suggesting... READ MORE

Bankwest cuts variable home loan rates

by Charbel Kadib • 21 Nov 2019

The lender has dropped variable mortgage rates by up to 18 bps across its owner-occupied and investment home loan... READ MORE

Demand stalls for fixed rates

by Hannah Dowling • 21 Nov 2019

New mortgage customers continue to be less inclined to fix their mortgage rates, according to new data released by... READ MORE

FBAA appoints new board member and state presidents

by Hannah Dowling • 21 Nov 2019

The broking association has announced its board members for 2020 team and appointed two new state presidents. READ MORE

Expenditure benchmarks ‘ripe for further guidance’: ASIC

by Annie Kane • 20 Nov 2019

The use and regard to expenditure benchmarks is “an area that is ripe for further guidance from ASIC”, and will be... READ MORE

Broker calls for FHB deposit scheme caps to be lifted

by Hannah Dowling • 20 Nov 2019

A Sydney-based broker has raised concerns about the effectiveness of the price caps in the federal government’s First... READ MORE

COG appoints new executive director

by Malavika Santhebennur • 20 Nov 2019

Equipment finance broking company Consolidated Operations Group has announced the appointment of Mark Crain as an... READ MORE

Former NAB branch manager sentenced for loan fraud

by Annie Kane • 19 Nov 2019

A former Western Sydney NAB branch manager has been sentenced to 12 months imprisonment – to be served by way of... READ MORE

‘Interest rate gap’ sending broker volumes to non-majors

by Malavika Santhebennur • 19 Nov 2019

Mortgage brokers are increasingly choosing non-major banks, with a survey showing that four in 10 brokers have written... READ MORE

NAB launches new service for broker-introduced SME customers

by Charbel Kadib • 19 Nov 2019

The major bank has announced the launch of a new service designed to bolster its proposition for broker-introduced SME... READ MORE

N1H secures $22m to fund commercial lending ambitions

by Reporter • 19 Nov 2019

The ASX-listed group has announced that it has raised over $22 million in capital to fund its commercial lending... READ MORE

Lender appoints new CEO - Nov 2019

by Charbel Kadib • 18 Nov 2019

A specialist lender has announced the appointment of a new chief executive to guide it through its next phase of... READ MORE

Big bank CEOs deny ‘loyalty tax’ accusations