Mortgage and Finance Brokers Breaking News - The Adviser

CEO rejects ‘one size fits all’ clawback push

by Charbel Kadib • 18 Nov 2019

The chief executive of a non-bank lender has dismissed calls for a uniformed reduction to the clawback period for... READ MORE

Owner-occupiers spur improvement in arrears

by Reporter • 18 Nov 2019

National home loan delinquencies have improved, with only three states reporting arrears increases, according to the... READ MORE

We’re not to blame for slower processing times: ASIC

by Charbel Kadib • 15 Nov 2019

There is no evidence to suggest that ASIC’s responsible lending guidance has increased processing times and rejection... READ MORE

First home buyer activity spikes ahead of deposit scheme

by Malavika Santhebennur • 15 Nov 2019

Data released by Aussie Home Loans has revealed an increase in both first home buyer enquiries and applications during... READ MORE

Brokers help bolster Liberty’s bottom line

by Charbel Kadib • 15 Nov 2019

The non-bank has released its results for the 2019 financial year, reporting a $2.5-billion increase in its loan... READ MORE

Victorian brokerage merges operations with UFinancial

by Hannah Dowling • 15 Nov 2019

Melbourne-based brokerage eSelect has merged operations with financial services provider UFinancial as part of a new... READ MORE

Queensland leads in business lending in FY19

by Malavika Santhebennur • 14 Nov 2019

Broker-introduced commercial loans jumped significantly in Queensland in FY19 compared with all other states, according... READ MORE

Westpac updates owner-occupied lending policy

by Charbel Kadib • 14 Nov 2019

The major bank has revised its mortgage lending policy to allow owner-occupied loans to be secured against investment... READ MORE

Consolidated Operations and CML Group to merge

by Annie Kane • 13 Nov 2019

Australia’s largest equipment finance broking company and the debtor finance specialist have announced that they... READ MORE

CEO of CBA spin-off to step down

by Charbel Kadib • 13 Nov 2019

CBA has announced that the chief executive of NewCo, its spin-off established to demerge the bank’s wealth and... READ MORE

Non-banks doubled commercial settlements in FY19

by Annie Kane • 13 Nov 2019

Non-bank lenders settled 112 per cent more broker-introduced commercial loans in FY19 than they did the year before as... READ MORE

Genworth revises serviceability calculator

by Reporter • 13 Nov 2019

The mortgage insurer has updated its serviceability calculator to reflect a lower interest rate floor. READ MORE

FBAA calls for credit policy overhaul

by Reporter • 13 Nov 2019

The industry association has called on lenders to revise their lending practices, which threaten to undermine efforts... READ MORE

Pickle Money in trademark dispute with Pepper

by Charbel Kadib • 13 Nov 2019

Multinational non-bank lender Pepper has accused the new entrant of breaching its trademark, less than two months after... READ MORE

Neobank launches home loan offerings

by Charbel Kadib • 12 Nov 2019

Newly licensed neobank 86 400 has officially entered the mortgage market, launching a suite of home loan products... READ MORE

ASIC sheds light on upcoming RG 209 guidance

by Annie Kane • 12 Nov 2019

Updated guidance and examples of responsible lending for RG 209 will be released by ASIC “before the end of the... READ MORE

Mortgage Choice appoints chief advice officer

by Malavika Santhebennur • 12 Nov 2019

The broking franchise group has made an appointment to its financial planning division, taking over the wealth side of... READ MORE

Lender launches new broker portal

by Malavika Santhebennur • 12 Nov 2019

La Trobe Financial has released a new broker portal that aims to “give more control to brokers”, minimise errors... READ MORE

ASIC bans WA broker - Nov 2019

by Reporter • 11 Nov 2019

The corporate regulator has banned a Western Australia-based broker and cancelled the ACL of his brokerage after... READ MORE

AFG prices $500m RMBS

by Reporter • 11 Nov 2019

The aggregator has successfully priced its second RMBS in 2019. READ MORE

AFCA bolsters leadership team

by Hannah Dowling • 11 Nov 2019

AFCA has created a new leadership position in order to tackle systemic issues within the financial sector. READ MORE

ASIC to release guidance around best interests duty

by Annie Kane • 8 Nov 2019

A senior manager at ASIC has confirmed that the regulator will launch a public consultation on its draft guidance... READ MORE

AFCA reveals broker share of customer complaints

by Hannah Dowling • 8 Nov 2019

AFCA’s new online comparison tool has revealed that brokers make up only a small pool of total complaints filed over... READ MORE

Broker volume softens hit to NAB’s mortgage book

by Charbel Kadib • 8 Nov 2019

A $4.1-billion increase in the value of NAB’s on-balance sheet loans originated by the third-party channel has helped... READ MORE