Mortgage and Finance Brokers Breaking News - The Adviser

Genworth revises serviceability calculator

by Reporter • 13 Nov 2019

The mortgage insurer has updated its serviceability calculator to reflect a lower interest rate floor. READ MORE

FBAA calls for credit policy overhaul

by Reporter • 13 Nov 2019

The industry association has called on lenders to revise their lending practices, which threaten to undermine efforts... READ MORE

Pickle Money in trademark dispute with Pepper

by Charbel Kadib • 13 Nov 2019

Multinational non-bank lender Pepper has accused the new entrant of breaching its trademark, less than two months after... READ MORE

Neobank launches home loan offerings

by Charbel Kadib • 12 Nov 2019

Newly licensed neobank 86 400 has officially entered the mortgage market, launching a suite of home loan products... READ MORE

ASIC sheds light on upcoming RG 209 guidance

by Annie Kane • 12 Nov 2019

Updated guidance and examples of responsible lending for RG 209 will be released by ASIC “before the end of the... READ MORE

Mortgage Choice appoints chief advice officer

by Malavika Santhebennur • 12 Nov 2019

The broking franchise group has made an appointment to its financial planning division, taking over the wealth side of... READ MORE

Lender launches new broker portal

by Malavika Santhebennur • 12 Nov 2019

La Trobe Financial has released a new broker portal that aims to “give more control to brokers”, minimise errors... READ MORE

ASIC bans WA broker - Nov 2019

by Reporter • 11 Nov 2019

The corporate regulator has banned a Western Australia-based broker and cancelled the ACL of his brokerage after... READ MORE

AFG prices $500m RMBS

by Reporter • 11 Nov 2019

The aggregator has successfully priced its second RMBS in 2019. READ MORE

AFCA bolsters leadership team

by Hannah Dowling • 11 Nov 2019

AFCA has created a new leadership position in order to tackle systemic issues within the financial sector. READ MORE

ASIC to release guidance around best interests duty

by Annie Kane • 8 Nov 2019

A senior manager at ASIC has confirmed that the regulator will launch a public consultation on its draft guidance... READ MORE

AFCA reveals broker share of customer complaints

by Hannah Dowling • 8 Nov 2019

AFCA’s new online comparison tool has revealed that brokers make up only a small pool of total complaints filed over... READ MORE

Broker volume softens hit to NAB’s mortgage book

by Charbel Kadib • 8 Nov 2019

A $4.1-billion increase in the value of NAB’s on-balance sheet loans originated by the third-party channel has helped... READ MORE

Finsure reports volume spike, launches new CRM

by Reporter • 8 Nov 2019

The mortgage aggregator has kicked off the 2020 financial year with record settlement growth and the launch of a new... READ MORE

SME lender acquired by CML Group

by Annie Kane • 7 Nov 2019

Non-bank debtor finance specialist CML Group has officially completed its acquisition of asset and working capital... READ MORE

Lender withdraws mortgage pre-approval process

by Charbel Kadib • 7 Nov 2019

A non-major bank has announced that it will no longer accept pre-approval applications from mortgage customers. READ MORE

Major bank revises HEM calculator for investors

by Charbel Kadib • 7 Nov 2019

The major bank has changed the way in which it determines HEM bands for customers, in a move which it has claimed... READ MORE

BOQ expands third-party team

by Hannah Dowling • 7 Nov 2019

The non-major bank has welcomed two new additions to its broker support team this week. READ MORE

Suncorp lowers fixed rates

by Hannah Dowling • 7 Nov 2019

The non-major has lowered fixed rates by up to 40 basis points for residential lending, effective 8 November. READ MORE

Bluestone replaces suite, breaks into prime

by Annie Kane • 6 Nov 2019

The non-bank lender has replaced its entire product suite with four products and announced its official move into prime... READ MORE

Auswide suspends mortgage pre-approvals

by Charbel Kadib • 6 Nov 2019

The non-major has ceased accepting pre-approval applications until further notice. READ MORE

Loan market expands lender panel

by Hannah Dowling • 6 Nov 2019

The major brokerage has introduced a new lender to its panel, partnering with a non-major lender to bring its total... READ MORE

Cup-day cash rate revealed

by Charbel Kadib • 5 Nov 2019

The Reserve Bank has announced its cash rate decision for the month of November. READ MORE

Bank merger officially comes into effect

by Annie Kane • 5 Nov 2019

Two member-owned institutions have officially merged after receiving regulatory approval, creating one of the largest... READ MORE