Mortgage and Finance Brokers Breaking News - The Adviser

AFG state manager joins Loan Market

by Reporter • 30 Sep 2019

Loan Market has announced that AFG’s NSW state manager has joined its ranks as director of growth. READ MORE

ACCC calls for stronger protections in banking code

by Sarah Simpkins • 30 Sep 2019

The Australian Competition and Consumers Commission has criticised the proposed changes to the Banking Code of... READ MORE

New vulnerability training rolled out to brokers

by Annie Kane • 27 Sep 2019

A new training module that aims to help brokers identify customers experiencing financial abuse or other areas of... READ MORE

Aussie backs Treasurer in fight for sober lending

by Charbel Kadib • 27 Sep 2019

The broking franchise group has joined Treasurer Josh Frydenberg in calling for a loosening in the purse strings of... READ MORE

Brokers urged to educate accountants on SME lending

by Annie Kane • 27 Sep 2019

A leading finance broker has said that it is incumbent on brokers to educate accountants on the range of SME finance... READ MORE

Wealth business buys majority stake in fintech lender

by Malavika Santhebannur • 27 Sep 2019

Global wealth manager Skybound Capital has invested $20 million in WA personal lender Fair Go Finance after buying a... READ MORE

‘Massive opportunity’ for brokers in SME lending

by Hannah Dowling • 26 Sep 2019

Brokers and other advisers are “losing ground” in the SME advice space, which represents a “massive... READ MORE

Lender reports 70% growth in broker loans

by Hannah Dowling • 26 Sep 2019

Online SME lender OnDeck has seen a 70 per cent increase in broker-originated loans in the last year, following an... READ MORE

NAB revamps business bank, bolsters broker team

by Charbel Kadib • 26 Sep 2019

The major bank has announced its plans to expand its business and private bank, which includes the strengthening of its... READ MORE

Brokers the ‘priority’ for new lender

by Charbel Kadib • 25 Sep 2019

A new entrant in the lending space is banking on the broker channel as its primary point of distribution for its credit... READ MORE

Big 4 bank cuts rates by up to 90 bps

by Hannah Dowling • 25 Sep 2019

A major bank has announced mortgage rate reductions of up to 90 bps for both owner-occupiers and investors. READ MORE

Virgin Money revises verification requirements

by Reporter • 25 Sep 2019

The lender has announced a number of changes to its home lending policy, which include a softening of its expense... READ MORE

Loan Market launches new marketing program

by Reporter • 25 Sep 2019

The broking franchise group has unveiled a new marketing automation program. READ MORE

SMEs funding growth through non-bank lenders

by Hannah Dowling • 25 Sep 2019

The proportion of Australian SMEs that plan to fund their business growth via their main bank has halved in the past... READ MORE

TMB CEO lauds ‘fantastic’ broker service

by Charbel Kadib • 24 Sep 2019

The chief executive of the mutual bank has noted the contribution of the broker channel in helping the lender deliver... READ MORE

Climate change raising risk for mortgagors

by Hannah Dowling • 24 Sep 2019

The increased frequency of natural disasters is raising risks for home loans and house prices in Australia, and is... READ MORE

ANZ finalises SME business sale in PNG

by Hannah Dowling • 24 Sep 2019

The major bank has finalised the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina... READ MORE

Major bank drops serviceability floor rate

by Annie Kane • 23 Sep 2019

Westpac is dropping its floor rate for home loans next week, which will impact the serviceability assessment rates used... READ MORE

Net of offset policies should ‘mirror’ clawback provisions

by Charbel Kadib • 23 Sep 2019

Loan Market head Sam White has joined the call for a more equitable application of net of offset reforms that better... READ MORE

NAB reveals commencement date of new CEO

by Charbel Kadib • 23 Sep 2019

The major bank has announced the start date for its incoming CEO Ross McEwan. READ MORE

Big banks provide 100% CCR data

by Hannah Dowling • 23 Sep 2019

The big four banks have provided 100 per cent of the required eligible account information ahead of the deadline,... READ MORE

Asset finance lender acquired for $260m

by Annie Kane • 20 Sep 2019

Equipment finance lender Axsesstoday, which had been placed into administration, has been bought by an affiliate of... READ MORE

Brokers encouraged to seize data opportunities

by Charbel Kadib • 20 Sep 2019

Head of Choice Aggregation Stephen Moore has encouraged brokers to capitalise on industry momentum by embracing new... READ MORE

Brokers have their say on serviceability changes

by Hannah Dowling • 20 Sep 2019

Several leading brokers have suggested that APRA’s recent changes to home loan serviceability guidelines will result... READ MORE