Mortgage and Finance Brokers Breaking News - The Adviser

Broker market share bounces back

by Charbel Kadib • 27 Feb 2020

The share of new loans originated by the broker channel has increased for the first time in six months, new MFAA data... READ MORE

Lender CEO sees bright side of BID

by Charbel Kadib • 27 Feb 2020

The new best interests duty would provide lenders with a greater deal of “comfort” when dealing with the... READ MORE

BOQ updates guarantor policy

by Reporter • 27 Feb 2020

The non-major has revised its guarantor policy in response to provisions in the new banking code of practice. READ MORE

Brokers driving growth through technology

by Hannah Dowling • 27 Feb 2020

A Sydney-based brokerage has experienced a 40 per cent increase in settlement volumes year-on-year, after adopting... READ MORE

Broking is a round-the-clock business, says broker

by Malavika Santhebennur • 27 Feb 2020

Brokers should aim for “round-the-clock” efficiency and return a client’s call within two hours, advises a... READ MORE

ASIC urged to ‘dial back’ BID guidance

by Charbel Kadib • 26 Feb 2020

The regulator has “overreached” in its interpretation of the best interests duty and should “dial back” its... READ MORE

Non-mortgage package products subject to BID: ASIC

by Charbel Kadib • 26 Feb 2020

Brokers will be required to meet their best interests duty obligations when assessing the suitability of other credit... READ MORE

SME lender appoints new sales manager for WA/SA

by Annie Kane • 26 Feb 2020

Working capital lender Scottish Pacific has made a new senior appointment to service commercial finance brokers,... READ MORE

Financial adviser banned for BID breach

by Lachlan Maddock • 26 Feb 2020

ASIC has permanently banned a Queensland-based financial adviser and cancelled the AFSL of Financial Options Pty Ltd. READ MORE

ASIC applauded for BID guidance approach

by Annie Kane • 25 Feb 2020

Several members of industry have applauded the financial services regulator’s draft guidance on the incoming best... READ MORE

Heritage profits down despite loan, deposit growth

by Charbel Kadib • 25 Feb 2020

The customer-owned bank has recorded a 5 per cent decline in its profit after tax despite growth in both loan approvals... READ MORE

YBR signs $120m RMBS deal

by Charbel Kadib • 25 Feb 2020

The financial services group has agreed terms with an Australian bank for a $120-million residential mortgage-backed... READ MORE

Broker calls for finance industry to embrace CSR

by Hannah Dowling • 25 Feb 2020

The principal and founder of Astute Ability Finance Group, Mhairi MacLeod, has renewed her call for further adoption of... READ MORE

ASIC outlines record-keeping obligations for BID compliance

by Charbel Kadib • 24 Feb 2020

The corporate regulator has outlined the documentation it expects mortgage brokers to store as means to demonstrate... READ MORE

AFG profits up despite slip in volumes

by Charbel Kadib • 24 Feb 2020

The mortgage aggregator has reported a 10 per cent earnings increase, despite a $400-million decline in settlements... READ MORE

MyState to bank on FHBs as settlements slip

by Hannah Dowling • 24 Feb 2020

The Tasmania-based bank has reported a 15.4 per cent decrease in its loan settlements in the first half of the 2020... READ MORE

Brokers invited to assess lender performance in new survey

by Michael Johnson • 24 Feb 2020

A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s... READ MORE

Pepper unveils national brand campaign

by Staff Reporter • 24 Feb 2020

The non-bank lender has revealed a multimillion-dollar brand campaign in the form of a parody music video called... READ MORE

Brokers honoured at Better Business Awards WA

by Annie Kane • 21 Feb 2020

The leading brokers, BDMs and loan administrators from Western Australia have been honoured at the Better Business... READ MORE

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