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Aggregator groups continue fight on behalf of brokers

by • 29 Nov 2018
More aggregators have joined the defence of the broking industry and its current remuneration structure, including...READ MORE

ANZ CEO laments complex ‘408-step’ mortgage process

by • 29 Nov 2018
ANZ CEO Shayne Elliott has conceded that the bank’s complex mortgage application process has contributed to much of... READ MORE

Non-bank capitalises on major bank retreat

by • 29 Nov 2018
The “decreased risk appetite” of major lenders has helped a non-bank achieve $2 billion in settlement growth since... READ MORE

New player launches white-label home loans

by • 29 Nov 2018
A new entrant to the mortgage market has announced the launch of its home loan... READ MORE

Final day to notify ASIC of AFCA membership

by • 29 Nov 2018
A final reminder has been issued to credit representatives and licensees to notify the regulator of their AFCA... READ MORE

Borrowers divided over interest-only home loans

by • 28 Nov 2018
Sentiment regarding the utility of interest-only home loans is split; however, negative sentiment towards interest-only... READ MORE

Major bank’s broker interview guide takes effect

by • 28 Nov 2018
A big four bank has announced that its “broker interview guide”, designed as part of its commitment to responsible... READ MORE

Budget to be handed down before election

by • 27 Nov 2018
The next budget, which is expected to reveal a surplus, is scheduled to be handed down on 2 April and will come before... READ MORE

Introducer program ‘contained’, insists NAB CEO

by • 27 Nov 2018
NAB’s introducer program has again been placed under the spotlight, with the financial services royal commission... READ MORE

Borrowers not ‘stress testing’ their mortgage

by • 27 Nov 2018
Almost 70 per cent of mortgage holders have not stress tested their home loan in preparation for an interest rate hike,... READ MORE

ING announces change to broker remuneration

by • 27 Nov 2018
The non-major bank has become the latest lender to announced that it will change the way it calculates upfront... READ MORE

MyState Bank changes broker comms

by • 26 Nov 2018

MyState Bank has today announced changes to the way its upfront commissions are calculated.

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Brokers urged to ‘take the cause’ to politicians

by • 26 Nov 2018
A seasoned broker has issued a call for brokers to “take action now” and meet with their local MPs and senators... READ MORE

No evidence to back CBA chair’s claims

by Eliot Hastie • 26 Nov 2018
Commonwealth Bank chair Catherine Livingstone insisted that she had challenged the bank’s regulatory report despite... READ MORE

Social responsibility to be embedded in broking courses

by • 26 Nov 2018
A training and education firm has teamed up with a brokerage as it moves to redevelop the corporate social... READ MORE

Bank satisfaction continues downward spiral

by • 26 Nov 2018
The financial services royal commission has continued to drive a fall in bank satisfaction, according to the latest Roy... READ MORE

Mortgage Choice, AFG call out CBA ‘bullying’

by • 23 Nov 2018
The CEOs of Mortgage Choice and AFG have criticised Commonwealth Bank CEO Matt Comyn’s support for remuneration... READ MORE

Bank names new CEO - Nov 2018

by • 23 Nov 2018

A non-major bank will be promoting its current chief customer officer to CEO in April of next year.

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Bank CEO backs brokers and remuneration structure

by • 22 Nov 2018
The CEO of a non-major bank has told the financial services royal commission that brokers provide “genuine... READ MORE

RC suggests it is considering recommendation to ban trail

by Annie Kane • 22 Nov 2018
The senior counsel assisting the royal commission has suggested that the commission is looking to potentially... READ MORE

Westpac refutes remuneration drove car loan misconduct

by • 22 Nov 2018
The CEO of a big four bank has denied suggestions that remuneration arrangements contributed to a decision to approve... READ MORE

MFAA members elect 2 directors

by • 22 Nov 2018

The broker association has appointed two new directors to the MFAA board.

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Genworth renews LMI contract with NAB, appoints new CFO

by Charbel Kadib • 22 Nov 2018
The mortgage insurer has announced that it has renewed its lenders mortgage insurance contract with NAB’s third-party... READ MORE

Open letter to CBA CEO Matt Comyn

by Alex Whitlock • 21 Nov 2018
The director of mortgages at Momentum Media has written an open letter to the CEO of the Commonwealth Bank of... READ MORE

‘Does he take us for mugs?’: Aggregator head blasts Comyn

by • 21 Nov 2018
The head of a major aggregator has refuted claims made by CBA CEO Matt Comyn, and has issued a call to... READ MORE

FHBs drive slump in home loan aspirations

by • 21 Nov 2018
Fewer Australians plan to take out a home loan in the next 12 months, down by 17.7 per cent year-on-year, according to... READ MORE

Demand for margin lending on the rise

by Sarah Simpkins • 21 Nov 2018
Australian investors are increasingly leaning towards borrowing to finance online investments, as found by a report... READ MORE

Industry slams ‘self-serving’ CBA

by Charbel Kadib • 20 Nov 2018
The mortgage broking industry has responded to Commonwealth Bank CEO Matt Comyn’s “anti-competitive” expression... READ MORE

Incentives promote competition between bankers and brokers: CBA

by • 20 Nov 2018
Abolishing financial incentives for frontline staff has created an “unlevel playing field” between frontline bank... READ MORE

Building society to rebrand under regional bank

by • 20 Nov 2018
The Rock, a building society that was bought by a Tasmania-based banking group in 2011, is to rebrand from next... READ MORE
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