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NAB

White label revenue at risk, warns NAB
by Charbel Kadib • 10 Dec 2019
Revenue earned by aggregators and mortgage managers on white label home loan products may be deemed “conflicted... READ MORE

ABA welcomes new RG 209 guidance
by Annie Kane • 10 Dec 2019
The Australian Banking Association has welcomed the new guidance on responsible lending, stating that it is an... READ MORE

What the new responsible lending guidance means for brokers
by Annie Kane • 9 Dec 2019
The financial services regulator has released its updated guidance on responsible lending obligations, which includes a... READ MORE
Warning

CIF flags risks to commissions on top-up loans
by Charbel Kadib • 9 Dec 2019
Commissions paid to brokers on top-up loans may be deemed “conflicted remuneration” under the current drafting of... READ MORE

NZ brokers should prepare for best interests duty
by Annie Kane • 9 Dec 2019
Brokers operating in New Zealand need to prepare for the potential introduction of a best interests duty in New... READ MORE
AFG

AFG introduces ‘appropriate’ home loan protocol
by Hannah Dowling • 9 Dec 2019
The mortgage aggregator has introduced a new process for loan applications that requires both brokers and consumer to... READ MORE
Online learning

New business finance training program launches
by Annie Kane • 9 Dec 2019
A former broker has teamed up with a training specialist to launch a new business finance certification program that... READ MORE
marketplace

Broker launches online lending marketplace
by Malavika Santhebennur • 6 Dec 2019
A former commerical broker has launched a new private property online lending marketplace that enables real estate... READ MORE
Anita Lyndsey

AFG appoints WA sales manager
by Malavika Santhebennur • 6 Dec 2019
Mortgage aggregator AFG has appointed Anita Lindsay to the role of sales manager for Western Australia. READ MORE
Prospa

Brokers urged to help ‘stressed’ SMEs
by Hannah Dowling • 6 Dec 2019
Non-bank SME lender Prospa has again highlighted the opportunity that the holiday season brings for brokers to assist... READ MORE

Lender to pull externally funded loans

by Charbel Kadib • 5 Dec 2019
A lender has announced that it will no longer offer credit products funded by third parties. READ MORE

Industry united in push for clawback overhaul
by Charbel Kadib • 5 Dec 2019
The broking industry has doubled down on its push to revise existing clawback arrangements, with one industry... READ MORE

Brokers share their lender experiences in new initiative
by Annie Kane • 5 Dec 2019
A new knowledge-sharing initiative that asks brokers to share the experiences they have with lenders in order to... READ MORE

TMB announces fixed rate changes
by Hannah Dowling • 5 Dec 2019
The mutual bank has announced reductions of up to 102 basis points on fixed rates for new borrowers, with some products... READ MORE
S&P Global

Mortgage arrears fall, to remain low: S&P
by Reporter • 5 Dec 2019
Home loan delinquencies declined over the past quarter and are set to continue falling in response to rate cuts,... READ MORE

Advisers slam 'totally impractical' broking reform agenda

by Charbel Kadib • 4 Dec 2019
A financial advisers association has issued a strong warning against the premature implementation of best interests... READ MORE

‘Easing’ credit conditions trigger fall in broker market share
by Charbel Kadib • 4 Dec 2019
Broker market share slipped over the past quarter, which, according to the MFAA, coincided with an easing in credit... READ MORE

Aussie welcomes new state manager
by Hannah Dowling • 4 Dec 2019
The major brokerage has announced the appointment of a new state manager for Queensland, effective immediately. READ MORE

Pre-Christmas cash rate revealed
by Charbel Kadib • 3 Dec 2019
The central bank has announced its final cash rate decision for 2019, following its monthly monetary policy board... READ MORE
AFCA

Best interests duty should apply to all products: AFCA
by Charbel Kadib • 3 Dec 2019
The best interests duty should be extended to “all financial products and services recommended by a mortgage... READ MORE
ANZ

ANZ waives LMI for high-earning professionals
by Hannah Dowling • 3 Dec 2019
The major bank has announced a new policy that will enable accountants and lawyers to access 90 per cent LVR mortgages... READ MORE
Virgin Money

Virgin Money drops fixed rates
by Hannah Dowling • 3 Dec 2019
The non-bank lender has lowered fixed rates by 10 bps across owner-occupier principal and interest products. READ MORE
Handshake

International broking federation welcomes new member
by Reporter • 3 Dec 2019
An Irish broking industry association has been welcomed as a new member of the International Mortgage Brokers... READ MORE
Mark Haron, Peter White, Sam White, andMike Felton

Industry to continue engagement on best interests duty
by Annie Kane • 2 Dec 2019
Several industry heads have suggested that more engagement is needed to ensure that the new best interests obligation... READ MORE
Court gavel

Ex-CBA employee found not guilty
by Hannah Dowling • 2 Dec 2019
A former CBA employee has been found not guilty of conspiracy to commit fraud against the major bank, following a... READ MORE