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Loan Market announces foreign currency partnership
by Hannah Dowling • 12 Feb 2020
The franchise brokerage has announced a new partnership, which will provide Loan Market brokers with access to... READ MORE

Timing and application of new misconduct rules questioned
by Annie Kane • 11 Feb 2020
Further concerns have been raised regarding new exposure draft legislation that will bring in new reference check and... READ MORE

ASBFEO calls for 30-day payment terms for SMEs
by Hannah Dowling • 11 Feb 2020
Introducing a mandatory supplier payment code, an industry-wide 30-day payment term and a “consistent small business... READ MORE
Aggregator appoints Queensland director

Major brokerage appoints new Queensland director
by Malavika Santhebennur • 11 Feb 2020
A former state relationship manager at the Commonwealth Bank of Australia has joined Loan Market as state director... READ MORE
Banks relax valuation policies

Banks relax valuation policies
by Malavika Santhebennur • 11 Feb 2020
Major bank ANZ and non-major bank Gateway have loosened their credit and valuation policies. READ MORE

Associations call for further guidance on BID
by Annie Kane • 10 Feb 2020
Association heads have welcomed the passage of the best interests duty through Parliament but outlined that further... READ MORE

Aggregators welcome passage of BID
by Annie Kane • 10 Feb 2020
Several aggregator heads have marked the passage of the Financial Sector Reform (Hayne Royal Commission Response –... READ MORE

Mortgage Choice partners with Pepper on new white label
by Hannah Dowling • 10 Feb 2020
The major brokerage has announced the launch of a specialist lending white label product suite, created in partnership... READ MORE

Loanbid eyes expansion amid platform growth
by Hannah Dowling • 10 Feb 2020
The online home loan-bidding platform is expected to announce its intention to expand its offering into business loans,... READ MORE

Smartline to become face of REA broker business
by Annie Kane • 7 Feb 2020
Realestate.com.au Home Loans will no longer represent REA Group’s broking business, with a rebranded Smartline... READ MORE

New lending service rolled out for brokers

by Charbel Kadib • 7 Feb 2020
A fintech lender has launched a new home-lending service aimed at simplifying the underwriting process for brokers. READ MORE
ING

Lender pulls investment product
by Charbel Kadib • 7 Feb 2020
A non-major has announced the withdrawal of an investment product due to “low demand” from customers. READ MORE
Andy Cusworth

Australian Invoice Finance appoints new state BDM
by Malavika Santhebennur • 7 Feb 2020
The cash flow finance provider has appointed a Queensland BDM to boost sales in the state. READ MORE

Best Interests Duty Bill formally passed
by Annie Kane and Charbel Kadib • 6 Feb 2020
The bill containing the best interests duty for mortgage brokers has officially passed both houses, after being read... READ MORE
Compensation scheme

Compensation scheme should apply to brokers: AFCA
by Malavika Santhebennur • 6 Feb 2020
AFCA has stressed the need for CSLR obligations to apply across the financial services industry, including mortgage... READ MORE
Latitude launches loan with repayment free term

Lender launches loan with repayment-free term
by Charbel Kadib • 6 Feb 2020
Non-bank lender Latitude Financial has rolled out a new personal loan offering with a repayment-free window. READ MORE
ME tweaks income verification policy

Bank tweaks income verification policy

by Malavika Santhebennur • 6 Feb 2020
A non-major bank has updated its income verification policies to “keep pace” with the changing landscape of... READ MORE
Shane Oliver

Cash rate still heading south despite upbeat RBA: AMP
by Charbel Kadib • 6 Feb 2020
The Reserve Bank will proceed with its monetary policy easing strategy despite maintaining a “surprisingly”... READ MORE
New draft legislation tentatively welcomed

New draft legislation tentatively welcomed
by Annie Kane • 5 Feb 2020
The FBAA and MFAA have tentatively welcomed new draft legislation, particularly in relation to improving broker... READ MORE
small business app

CBA-owned fintech unveils small-business app
by Malavika Santhebennur • 5 Feb 2020
A fintech firm fully owned by the Commonwealth Bank has released a mobile app for small businesses, which collates... READ MORE
Mortgage requirements

Mortgage requirements intimidate first home buyers
by Lyall Russell • 5 Feb 2020
Although property prices continue to increase, it is not the critical barrier for first home buyers, the Housing... READ MORE

First cash rate decision of 2020 revealed
by Hannah Dowling • 4 Feb 2020
The Reserve Bank has announced its cash rate decision for the month of February, the first rate decision made for... READ MORE

Government to bring in new misconduct procedures for brokers
by Annie Kane • 4 Feb 2020
New draft legislation has been released that aims to bring into effect new obligations for credit licensees around... READ MORE
Prospa expands Queensland team

Prospa expands Queensland team
by Hannah Dowling • 4 Feb 2020
The non-bank lender has announced two new appointments to its Queensland team, including a new state manager. READ MORE
Commercial brokerage expands to NZ

Commercial brokerage expands to NZ
by Hannah Dowling • 4 Feb 2020
Financial services group and commercial brokerage FlexiCommercial, a division of FlexiGroup, has launched into the... READ MORE