Mortgage and Finance Brokers Breaking News - The Adviser

Settlement spike brightens Mortgage Choice result

by Charbel Kadib • 21 Feb 2020

The broking franchise has reported a sharp slide in its underlying earnings, offset by strong home loan settlement... READ MORE

Brokers feeling ‘optimistic’ for 2020

by Hannah Dowling • 21 Feb 2020

The vast majority of brokers feel positively about the property market and the subsequent outcomes for their business... READ MORE

ASIC releases draft BID guidance

by Charbel Kadib • 20 Feb 2020

The corporate regulator has published its long-awaited guidance on the obligations of mortgage brokers under the newly... READ MORE

ANZ laments broker retreat, anticipates subdued growth

by Charbel Kadib • 20 Feb 2020

The big four bank is anticipating subdued settlement growth in the coming year, weighed down by weaker volumes via the... READ MORE

Macquarie revises serviceability measures

by Malavika Santhebennur • 20 Feb 2020

The non-major has announced that it is revising its maximum acceptable debt-to-income measure for high loan-to-value... READ MORE

Don’t be everything to everyone, urges broker

by Malavika Santhebennur • 20 Feb 2020

Stapleton Finance founder Gayle Stapleton has suggested that broker focus on a niche rather than trying to be all... READ MORE

More brokers join franchise in wake of BID

by Hannah Dowling • 20 Feb 2020

Several brokerages joined the Loan Market franchise in January, an influx the group has attributed to new legislation. READ MORE

Aussie to undergo major tech overhaul this year

by Annie Kane • 19 Feb 2020

The major brokerage has revealed that it is overhauling its broker and customer-facing tools this year, as it looks to... READ MORE

Brokers lose out to branches in FHB scheme

by Hannah Dowling • 19 Feb 2020

Brokers introduced just under 30 per cent of all loans in the government-backed First Home Loan Deposit Scheme,... READ MORE

Online lender appoints new NSW/ACT BDM

by Malavika Santhebennur • 19 Feb 2020

SME lender OnDeck Australia has appointed former Rugby Sevens captain and broker Nick Reily to the newly created role... READ MORE

Lender to consider ‘lifestyle changes’ in serviceability test

by Reporter • 19 Feb 2020

Demonstrable commitments from prospective borrowers to adjust their spending ahead of a home loan application will be... READ MORE

Brokers beef up Bendigo’s mortgage book

by Charbel Kadib • 18 Feb 2020

The non-major has released its half-year results, reporting above-system home lending growth, mostly driven by the... READ MORE

Banjo expands into broker space

by Annie Kane • 18 Feb 2020

SME fintech Banjo is ramping up its offering to brokers with new products and new aggregator partnerships this year, as... READ MORE

Mutual bank joins SFG panel

by Hannah Dowling • 18 Feb 2020

Specialist Finance Group has announced the addition of MOVE Bank to its lender panel, giving SFG brokers access to the... READ MORE

Heritage lowers fixed rates for investors

by Hannah Dowling • 18 Feb 2020

The non-major bank has announced cuts of up to 30 basis points across investor fixed-rate products, as well as the... READ MORE

Robo-advice, AI flagged as major threats to broker proposition

by Charbel Kadib • 17 Feb 2020

Mortgage industry representatives have named robo-advice and artificial intelligence as emerging threats to the broker... READ MORE

Clawback system ‘needs to change’

by Hannah Dowling • 17 Feb 2020

The clawback system, as solidified in new legislation, is “completely unfair” on brokers says Sydney-based broker... READ MORE

Westpac integrates CCR, updates loan process

by Malavika Santhebennur • 17 Feb 2020

Westpac Group has announced it is updating its consumer credit policy to use comprehensive credit reporting (CCR)... READ MORE

GetCapital announces product relaunch to fill market void

by Hannah Dowling • 17 Feb 2020

Non-bank lender GetCapital has relaunched its business overdraft product, available via the broker distribution... READ MORE

Connective backs merger utility amid ACCC doubts

by Charbel Kadib • 14 Feb 2020

The proposed merger with AFG will deliver “great outcomes” for brokers and their customers, Connective director... READ MORE

Finsure reports record Q2 settlements

by Malavika Santhebennur • 14 Feb 2020

The mortgage aggregator has posted record settlements for the second quarter of the 2020 financial year, and grown its... READ MORE

FHB scheme applicant trends revealed

by Hannah Dowling • 14 Feb 2020

Details of the first applicants taking part in the government’s First Home Loan Deposit Scheme have been revealed by... READ MORE

Leading SA/NT brokers celebrated at the Better Business Awards 2020

by Annie Kane • 14 Feb 2020

Brokers, BDMs and loan administrators from South Australia and the Northern Territory have been honoured at the Better... READ MORE

BID won’t change strategy; Aussie remains in limbo: Comyn

by Charbel Kadib • 13 Feb 2020

The Commonwealth Bank CEO does not expect the passage of the Best Interests Duty Bill to materially alter the bank’s... READ MORE