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Breaking News
Millions of AFG shares offloaded by founders
by Charbel Kadib • 28 Nov 2019
Two AFG co-founders and directors have reduced their stake in the aggregator, selling approximately 11 million shares...
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Business Growth Fund officially launches
by Annie Kane • 28 Nov 2019
The Business Growth Fund has officially been established, with the big four banks all committing $100 million to help...
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BOQ softens lending verification requirements
by Malavika Santhebennur • 28 Nov 2019
The non-major bank has announced changes to its home and personal lending policy, including removal of LVR restrictions...
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Short-term lender hits $1bn milestone
by Annie Kane • 28 Nov 2019
Specialist short-term secured asset lender Assetline Capital has surpassed $1 billion in loan originations and is...
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First lender for FHB deposit scheme announced
by Hannah Dowling • 27 Nov 2019
The NHFIC has announced one of the two major banks to be appointed to the lending panel for the federal government’s...
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Chum Darvall to step down from Resimac’s board
by Malavika Santhebennur • 27 Nov 2019
The mortgage lender’s independent non-executive chairman, Chum Darvall, has announced that he will step down from the...
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Broker reaps rewards of customer service focus
by Hannah Dowling • 27 Nov 2019
Belinda Caesar, a Buyers Choice broker and business owner, has been growing her business organically for four years....
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Westpac overhauls leadership team
by Annie Kane • 26 Nov 2019
Westpac CEO Brian Hartzer is to step down, alongside other board changes, following Westpac’s AUSTRAC scandal.
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Aussie hits back at CHOICE attack
by Charbel Kadib • 26 Nov 2019
The major brokerage has rejected the consumer group’s claim that Aussie is a “sales outpost” for the Commonwealth...
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Westpac releases response plan to AUSTRAC issues
by Annie Kane • 26 Nov 2019
The big four bank has released its response plan to the AML/CTF issues raised by AUSTRAC, which includes the...
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RateSetter joins FAST’s lender panel
by Malavika Santhebennur • 26 Nov 2019
The peer-to-peer lender has joined FAST’s panel of lenders, the latest aggregator panel it has joined since...
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Loan Market partners with 100% LVR lender
by Hannah Dowling • 26 Nov 2019
The broking franchise has welcomed a new lender to its panel, which specialises in low or no-deposit home loans for...
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Macquarie to revise upfront commission model
by Charbel Kadib • 25 Nov 2019
The non-major will change the way it calculates upfront commissions paid to brokers in a bid to “standardise” the...
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AFG, Connective merger delayed
by Charbel Kadib • 25 Nov 2019
The finalisation of AFG’s merger with Connective has been delayed, with court proceedings progressing at a...
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Major bank launches new pre-qualification tool
by Malavika Santhebennur • 25 Nov 2019
The big four bank has announced that it will replace ANZ Toolkit, warning that old data will not be automatically moved...
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Wisr loan book hits $150m
by Hannah Dowling • 25 Nov 2019
The neo-lender has announced that its loan originations has surpassed $150 million, with its annual origination run...
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Associations back broker separation reforms
by Charbel Kadib • 22 Nov 2019
Both industry associations have called for “greater transparency” in broker separation letters issued by lenders to...
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MFAA welcomes new board members
by Annie Kane • 22 Nov 2019
Two brokers have become the newest directors elected to the Mortgage & Finance Association of Australia board.
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Major mortgage borrower survey launches
by Annie Kane • 22 Nov 2019
A major mortgagor survey has launched, aiming to highlight the experiences of borrowers through the retail and...
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Better Business Awards entries close today
by reporter • 22 Nov 2019
Today marks the final day in which entries for The Adviser’s state-based awards program, the Better Business Awards...
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Broking industry losing female brokers
by Annie Kane • 21 Nov 2019
There are 100 fewer female brokers in industry than there were a year ago, according to a new MFAA report, suggesting...
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Bankwest cuts variable home loan rates
by Charbel Kadib • 21 Nov 2019
The lender has dropped variable mortgage rates by up to 18 bps across its owner-occupied and investment home loan...
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Demand stalls for fixed rates
by Hannah Dowling • 21 Nov 2019
New mortgage customers continue to be less inclined to fix their mortgage rates, according to new data released by...
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FBAA appoints new board member and state presidents
by Hannah Dowling • 21 Nov 2019
The broking association has announced its board members for 2020 team and appointed two new state presidents.
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Expenditure benchmarks ‘ripe for further guidance’: ASIC
by Annie Kane • 20 Nov 2019
The use and regard to expenditure benchmarks is “an area that is ripe for further guidance from ASIC”, and will be...
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