Breaking News
ASIC’s new product intervention powers becomes official
by • 5 Apr 2019
A new bill requiring product issuers to ensure products are targeted and offered to the right customers, as well as...READ MORE
Mortgage arrears rate to continue climbing: Moody’s
by • 4 Apr 2019
The home loan delinquency rate has increased year-on-year and is set to continue rising throughout 2019, according to... READ MORE
1 in 2 borrowers facing mortgage hardship
by • 4 Apr 2019
Almost half of borrowers are struggling to meet their home loan repayments, new research from Finder has... READ MORE
Broking industry heads tentatively welcomes Coalition’s budget
by • 4 Apr 2019
Several members of the mortgage broking industry have voiced support of the Coalition government’s budget for 2019-20... READ MORE
ING announces commercial credit policy changes
by • 3 Apr 2019
The non-major lender has announced changes to its commercial credit policy, including a sharp increase to the maximum... READ MORE
Virgin Money partners with aggregator
by • 3 Apr 2019
The non-major lender has announced its partnership with a mortgage aggregator, in a move designed to enhance its... READ MORE
Budget 2019-20 released
by Annie Kane • 2 Apr 2019
The Coalition government has released its budget for 2019-20, which includes an extension and increase in the instant... READ MORE
Pre-budget cash rate decision revealed
by Charbel Kadib • 2 Apr 2019
The RBA has announced its cash rate verdict for April ahead of the release of the federal budget this evening.
READ MOREHousing market plagued by ‘uncertainties’ as downturn continues
by • 2 Apr 2019
The fall in residential property values is “losing steam” but could be reinvigorated by changes in the political... READ MORE
Property slump ‘weighing heavily’ on sentiment
by • 2 Apr 2019
Cost of living pressures have been magnified by the continued fall in dwelling values, with the “wealth effect”... READ MORE
Non-bank updates lending policy
by • 2 Apr 2019
A non-bank lender has announced updates to its serviceability assessment criteria, including changes to requirements... READ MORE
Labor announcement to spark ‘mini surge’ in housing market
by • 1 Apr 2019
The federal Labor opposition has revealed the commencement date for its changes to negative gearing and the capital... READ MORE
Profile: Damian Percy reflects on his legacy
by • 1 Apr 2019
After nearly 20 years with the Bendigo and Adelaide Bank Group, Damian Percy, the former head of strategic... READ MORE
Fixed mortgage rate cuts continue
by • 1 Apr 2019
Macquarie Bank, ME, and HomeStart Finance are the latest lenders to reprice their fixed rate home loan offerings,... READ MORE
ASIC to recover $5.6m from credit intermediaries
by • 1 Apr 2019
Credit intermediaries — such as brokers an aggregators — will need to cover more than $5 million of ASIC’s costs... READ MORE
Aggregator enters joint operation agreement with iSelect
by • 29 Mar 2019
A major aggregator has entered into a joint operation agreement with comparison website iSelect, which aims to benefit... READ MORE
Industry heads reiterate warning of changing remuneration
by • 29 Mar 2019
A panel of representatives from the mortgage and broking industry has noted the complex task of changing broker... READ MORE
Introducer program ‘halved’, ANZ reveals
by • 29 Mar 2019
ANZ CEO Shayne Elliott has revealed that the major bank has halved its network of introducers but has no immediate... READ MORE
Lender adopts ‘stricter’ compliance guidelines
by • 29 Mar 2019
A South Australian-based lender has announced that it will launch a new compliance model designed to ensure that... READ MORE
Trail book scammer jailed
by • 28 Mar 2019
A former banker and mortgage broker has been sentenced to five years in prison for 16 counts of financial deception,... READ MORE
ANZ CEO backs market solution to commission debate
by • 28 Mar 2019
The market can “resolve” the ongoing broker remuneration dispute without government intervention, ANZ CEO Shayne... READ MORE
Brokers would not ‘thrive’ under advice model: NAB
by Annie Kane • 27 Mar 2019
The interim CEO of a major bank has told the House of Representatives that the mortgage broking industry is “not... READ MORE
SME lender appoints new MD
by • 27 Mar 2019
Fintech business lender Spotcap has announced that it has appointed a new MD for Australia and New Zealand to replace... READ MORE
ING reprices home loan offerings
by • 27 Mar 2019
The non-major bank has announced fresh mortgage rate changes, less than two months after hiking its rates by 15 basis... READ MORE
Major bank raises rates on lines of credit
by • 27 Mar 2019
A big four bank has raised interest rates on lines of credit by 45 basis points, raising concerns from some brokers... READ MORE
Investors would suffer if remuneration changes, warns buyer’s agent
by • 27 Mar 2019
Banning trailing commissions and upfront payments would diminish competition in the mortgage market and damage the... READ MORE
Shadow treasurer says government has ‘got it wrong’ on trail
by Annie Kane • 26 Mar 2019
In a clear stance on Labor’s trail position, Chris Bowen MP has said that the government’s response to the banking... READ MORE
Major banks provide update on introducer programs
by • 26 Mar 2019
Following NAB’s announcement that it would cease paying introducers from October this year, The Adviser asked the... READ MORE
Bank’s remediation work hits cash earnings
by and Adrian Flores • 26 Mar 2019
Westpac’s cash earnings for the first half of 2019 will be reduced by an estimated $260 million as the bank continues... READ MORE
New banking group appoints former ING CEO to board
by • 26 Mar 2019
A former CEO of ING Bank, Don Koch, has been appointed to the board of directors of the BNK Banking Corporation,... READ MORE

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