Breaking News

Lend expands partner panel
by Annie Kane • 18 May 2020
Small-business lending platform Lend has expanded its panel of partners, as the fintech looks to help brokers service... READ MORE
Loan Market

PwC audits Loan Market ahead of BID
by Hannah Dowling • 18 May 2020
The major brokerage has announced that it engaged a third-party company, PwC, to complete an audit of its systems and... READ MORE

Brokers reveal remote-working strategies
by Reporter • 18 May 2020
Brokers have outlined the tools and strategies they’ve embedded in their businesses in response to social distancing... READ MORE
David Hyman

Lendi CEO ‘disappointed’ by BID delay
by Annie Kane • 15 May 2020
The CEO of online broking platform Lendi has said that he is “disappointed” at the delay of the implementation... READ MORE

AFG completes institutional piece of equity raise
by Malavika Santhebennur • 15 May 2020
The aggregator has raised over $46 million across the placement and the institutional component of the entitlement... READ MORE
Documents

Advantedge to cease lending to ‘non-core segments’
by Charbel Kadib • 15 May 2020
The wholesale funder has overhauled its offering in a bid to “simplify” its product and service proposition. READ MORE

‘Serious’ challenges ahead for housing demand: CoreLogic
by Malavika Santhebennur • 15 May 2020
While restrictions have eased around auctions and inspections, it would take time for housing market demand to... READ MORE
ScotPac and CML merger off the table

ScotPac and CML merger off the table
by Annie Kane • 14 May 2020
Scottish Pacific will pay $1 million in costs to debtor finance specialist CML Group after the two parties agreed to... READ MORE
AFG

AFG announces $60m equity raise
by Malavika Santhebennur • 14 May 2020
The aggregator is raising $60 million to boost its capital position in the current economic environment. READ MORE

CBA received 144,000 mortgage deferral requests
by Annie Kane • 14 May 2020
The major bank has received repayment deferral requests on more than 144,000 home loans, 71,000 business loans... READ MORE
Nerida Conisbee

Supply/demand imbalance stabilising property market
by Malavika Santhebennur • 14 May 2020
The chief economist at REA Group has observed that the property market has remained largely stable despite the... READ MORE

AFG-Connective merger decision expected next month
by Annie Kane • 13 May 2020
The ACCC has set the date for its decision on the merger of aggregation groups Connective and AFG. READ MORE
LoanDolphin merges with Joust

LoanDolphin merges with Joust
by Annie Kane • 13 May 2020
Brokers and lenders will be able to bid on more loans being put up for reverse auction after LoanDolphin and Joust... READ MORE
Aussie eyes expansion

Aussie eyes expansion, launches recruitment campaign
by Hannah Dowling • 13 May 2020
Aussie Home Loans has officially launched its campaign to expand its franchise network and recruit 200 new mortgage... READ MORE

SMEs missing out on government concessions
by Hannah Dowling • 13 May 2020
Approximately three-quarters of small businesses are overlooking the government’s $150,000 asset write-off scheme,... READ MORE

Industry awaits ‘missing piece’ of BID puzzle
by Charbel Kadib • 12 May 2020
Aggregators have welcomed ASIC’s decision to defer implementation of the best interests duty, which was at risk of... READ MORE

ME Bank to appear in ‘urgent’ parliamentary hearing
by Annie Kane • 12 May 2020
The standing committee on economics is holding an “urgent public hearing” this week to question ME Bank about its... READ MORE
BOQ tightens home lending policy

BOQ tightens home lending policy

by Malavika Santhebennur • 12 May 2020
The non-major bank has amended its home loan policy to reflect the financial impacts of COVID-19 on customers. READ MORE

COBA releases FHLDS figures
by reporter • 12 May 2020
More than 1,000 First Home Loan Deposit Scheme borrowers have purchased a property with a loan from customer-owned... READ MORE

Australian Broking Awards 2020 launches
by Annie Kane • 11 May 2020
The 10th annual Australian Broking Awards has officially opened for submissions, with winners to be announced at our... READ MORE

Big 4 out of favour with the public
by Hannah Dowling • 11 May 2020
Australia’s four major banks are trailing smaller lenders in the eyes of Australians, according to a new survey... READ MORE

ASIC delays BID implementation
by Charbel Kadib • 8 May 2020
The corporate regulator has announced that the introduction of the best interests duty will be pushed back to 2021 to... READ MORE

Royal commission implementation delayed
by Annie Kane • 8 May 2020
The federal government has announced a six-month deferral of royal commission commitments for unlegislated... READ MORE

Bank backs down on redraw policy
by Charbel Kadib • 8 May 2020
A non-major has scrapped its controversial redraw policy following widespread, cross-industry criticism. READ MORE

APRA relaxes mortgage serviceability guidance
by Charbel Kadib • 8 May 2020
The prudential regulator has eased its responsible lending guidance around the changing of loan terms for existing... READ MORE