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Breaking News
Strong year forecast for asset finance
by Malavika Santhebennur • 4 Feb 2020
Aggregator Connective Asset Finance is foreseeing strong growth in 2020 as it expects demand out of NSW and Victoria to...
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Non-bank lender to ramp up broker partnerships
by Hannah Dowling • 3 Feb 2020
Mortgageport has announced that it intends to expand its partnerships with brokers, starting off by offering First Home...
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FAST welcomes Judo Bank to its panel
by reporter • 3 Feb 2020
Aggregation company FAST has added SME lender Judo Bank to its panel, welcoming the lender’s agility and service...
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Non-majors begin offering FHLDS loans
by Annie Kane • 3 Feb 2020
The remaining 7,000 places for the First Home Loan Deposit Scheme are now open, as the non-major lenders begin...
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Government proposes new ACL obligations
by Charbel Kadib • 31 Jan 2020
The government is consulting on a new bill designed to impose additional information-sharing obligations on credit...
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Average loan sizes jump in tandem with home values
by Charbel Kadib • 31 Jan 2020
The rebound in residential property prices has triggered increases of up to 9.3 per cent to the average size of a...
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Newcastle Permanent raises rates on OO IO loans
by Malavika Santhebennur • 31 Jan 2020
The building society has announced that it is increasing interest rates across a couple of its home loan packages.
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Warning issued over supply chain finance mining
by Hannah Dowling • 31 Jan 2020
The small business ombudsman has issued a warning to big businesses abusing supply chain finance products to manipulate...
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ANZ Research revises property price forecasts
by Reporter • 31 Jan 2020
The research group has “revised up” its forecasts for home value growth over the coming year to reflect the recent...
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Loan Market appoints Westpac group head to leadership team
by Hannah Dowling • 30 Jan 2020
The major brokerage has appointed Westpac’s former head of strategy and business performance (mortgage distribution),...
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CBA commits more resources to SME lending
by Hannah Dowling • 30 Jan 2020
The major bank has introduced new initiatives to help small businesses access finance, including hiring more dedicated...
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First-tier lenders regaining appetite for commercial loans
by Reporter • 30 Jan 2020
Mainstream lenders are increasingly coming to the table to service commercial clients following a prolonged period of...
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Non-major announces bushfire relief measures
by Malavika Santhebennur • 30 Jan 2020
Macquarie Bank has announced measures to provide immediate financial relief to clients who have been impacted by the...
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Non-majors take majority share of investor loans
by Charbel Kadib • 29 Jan 2020
For the first time in recorded history, more than half of broker-originated investment home loans have been lodged with...
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Prospa joins PLAN Australia panel
by Annie Kane • 29 Jan 2020
PLAN Australia has welcomed SME lender Prospa to its panel, enabling PLAN members to offer their clients Prospa’s...
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Mortgage Choice veteran joins Purple Circle
by Charbel Kadib • 29 Jan 2020
The boutique aggregator has announced the appointment of Mortgage Choice’s former head of lending operations.
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Salesforce to keynote Better Business Summit 2020
by reporter • 29 Jan 2020
The leading specialist in client relationship management, Salesforce, is set to reveal the future trends in customer...
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Mortgage Choice CEO weighs in on FHB scheme
by Hannah Dowling • 28 Jan 2020
The chief executive of the major brokerage criticised the “disappointing” reach of the government’s FHLDS,...
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Bank drops mortgage rates by up to 125 bps
by Charbel Kadib • 28 Jan 2020
A non-major has slashed home loan rates across both its owner-occupied and investment products.
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AFCA launches bushfire hotline
by Malavika Santhebennur • 28 Jan 2020
The financial ombudsman has launched a hotline for those impacted by bushfires and facing disputes with claims.
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Loan Market expands paperless technology use
by Hannah Dowling • 28 Jan 2020
The major brokerage has taken steps to develop “paperless” offices through investment in digital tools within its...
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CBA slips up in broker space as peers recover
by Charbel Kadib • 24 Jan 2020
Australia’s largest home lender has lost ground in the broker channel to its big four rivals, according to new...
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Non-major bank consolidates lending process
by Malavika Santhebennur • 24 Jan 2020
Non-major bank Suncorp has announced that it is removing certain manual processes in its lending application process...
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Brokers urged to act fast on FHB scheme
by Hannah Dowling • 24 Jan 2020
With the non-majors set to start offering loans for the government’s First Home Loan Deposit Scheme from 1 February,...
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Major bank slashes investor rates by up to 50 bps
by Charbel Kadib • 23 Jan 2020
A big four bank has announced reductions to investor home loan rates, applying to both new and existing customers.
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