Mortgage and Finance Brokers Breaking News - The Adviser

ASIC reveals barriers to accessing financial advice

by Adrian Flores • 27 Aug 2019

High cost, distrust of financial advisers and difficulty engaging with the industry are among the barriers preventing... READ MORE

Best interests duty ‘reflects customer expectations’: Treasurer

by Charbel Kadib • 26 Aug 2019

Treasurer Josh Frydenberg has backed the federal government’s newly proposed best interests duty on mortgage brokers,... READ MORE

Broker share continues its rising trajectory

by Annie Kane • 26 Aug 2019

The mortgage broker channel has recorded its highest ever residential home loan market share for the April-June 2019... READ MORE

AFG volumes down 11% amid ‘unprecedented’ headwinds

by Charbel Kadib • 26 Aug 2019

The diversified third-party mortgage business has released its full-year results, recording a drop in settlements... READ MORE

ING shakes up pre-approval process

by Reporter • 26 Aug 2019

The non-major lender has announced changes to its pre-approval assessment process in response to weaker conversion... READ MORE

HomeStart reduces fixed rates by up to 50 basis points

by Reporter • 26 Aug 2019

HomeStart Finance has announced fixed rate reductions on a range of home loans. READ MORE

NAB to ‘carefully assess’ ASIC allegations

by Annie Kane • 23 Aug 2019

The major bank has said that it is taking ASIC’s legal action “seriously” and will now “carefully assess”... READ MORE

Mortgage Choice reports 29% fall in commissions revenue

by Charbel Kadib • 23 Aug 2019

The broking franchise group has released its full-year results, reporting a $2.1-billion hit to its mortgage volumes. READ MORE

AFG adds new SME lender to panel

by Reporter • 23 Aug 2019

Major aggregator AFG has announced the addition of a new small-business lender to its panel. READ MORE

New finance careers hub tipped to attract top broking talent

by reporter • 23 Aug 2019

A new platform created for people seeking a career in mortgage broking has been launched to help channel new talent to... READ MORE

Lender expands loan terms and limit

by Annie Kane • 23 Aug 2019

Non-bank lender Lumi has announced that it has doubled its loan limits and increased its loan terms by six months to... READ MORE

How brokers of the future will harness data

by Annie Kane • 22 Aug 2019

Mortgage brokers that harness their data and succeed at embracing open banking will be more successful and have longer... READ MORE

NAB bats for brokers in ASIC hearing

by Charbel Kadib • 22 Aug 2019

The big four bank has highlighted the contribution of the broker channel in fostering loan quality and strengthening... READ MORE

Lendi backs move to expand broker powers

by Charbel Kadib • 22 Aug 2019

The online broking platform has expressed support for a revision to ASIC’s responsible lending guidance that would... READ MORE

Former NAB branch manager pleads guilty to fraud

by Annie Kane • 21 Aug 2019

A former NAB branch manager has pleaded guilty to one count of “intention to defraud by false or misleading... READ MORE

Complainants ‘very unclear’ about broker duties: AFCA

by Charbel Kadib • 21 Aug 2019

AFCA has told ASIC that the role of a mortgage broker is “not very well understood” among consumers who issue... READ MORE

Lack of clarity on loan requirements ‘eating into profitability’

by Tas Bindi • 21 Aug 2019

Lack of clarity on loan requirements against the backdrop of increased lender and regulatory scrutiny is “eating into... READ MORE

‘The age of the regulator’: Compliance to get harder

by Tas Bindi • 21 Aug 2019

New research has shown that there is little expectation that the “regulatory pendulum will have swung back by 2025”... READ MORE

Harmoney names new CEO

by Reporter • 21 Aug 2019

Australasian marketplace lender Harmoney has announced the appointment of a new chief executive to drive growth in... READ MORE

‘We need surety’: Aggregators double down on clarity call

by Charbel Kadib • 20 Aug 2019

Broking groups have presented a unified front in their appearance before ASIC, calling for a standardised approach to... READ MORE

Remuneration changes, best interests duty to be finalised this year

by Tas Bindi • 20 Aug 2019

The government will introduce broker remuneration reforms and a new best interests duty by the end of 2019, according... READ MORE

Open banking is ‘representative’ of broker goals

by Annie Kane • 20 Aug 2019

The broking industry should be embracing open banking, as its themes and end goals “exactly align” with the end... READ MORE

Westpac introduces discount for low LVR loans

by Reporter • 20 Aug 2019

Westpac has introduced a discount for mortgagors with a loan-to-value ratio of up 70 per cent. READ MORE

Broking groups to appear before ASIC

by Charbel Kadib • 19 Aug 2019

Three broking groups have been called to appear before the corporate regulator in its second round of public hearings,... READ MORE