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Breaking News
Law firm slams ‘inequitable’ AFCA reforms
by Reporter • 17 Jun 2019
Reforms to extend AFCA’s jurisdiction are “inequitable” and “inconsistent”, according to a Queensland-based...
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A psychologist’s top tips on building client relationships
by Ezekiel MacNevin • 17 Jun 2019
The key ingredients to a healthy broker-client relationship include creating common ground, showing authenticity and,...
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Brokerage lands $20bn in deals as Asian markets rebound
by Tas Bindi • 14 Jun 2019
A NSW-based commercial broker has a $20 billion pipeline of transactions across Asia, and is partnering with...
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HomeStart announces mortgage rate cut
by Reporter • 14 Jun 2019
The high-LVR lender has cut its standard variable mortgage rate, becoming the latest lender to reprice its offering...
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$2bn SME fund risky for taxpayers: Productivity Commission
by Tas Bindi • 14 Jun 2019
The federal government’s $2 billion small-business fund creates risk for taxpayers, the Productivity Commission has...
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BOQ revises home lending policy
by Reporter • 14 Jun 2019
The regional bank has made a number of changes to its mortgage lending policy, which include measures to both ease...
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APRA finalises BEAR obligations for smaller ADIs
by Tas Bindi • 13 Jun 2019
The prudential regulator has made its decision on how the BEAR applies to variable remuneration arrangements for small...
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Non-bank CEO awarded Order of Australia medal
by Annie Kane • 13 Jun 2019
The president and CEO of non-bank lender La Trobe Financial, Greg O’Neill, has been awarded the Medal of the Order of...
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MyState announces 'equitable' rate cut
by Reporter • 13 Jun 2019
The non-major lender has opted to protect its “much larger” deposit customer base by choosing not to pass on the...
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HashChing executive team departs, new CEO steps in
by Annie Kane • 12 Jun 2019
The founder and the executive team of online mortgage marketplace HashChing have all left the company, with a new...
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High-LVR lender falls short of full 25bps cut
by Reporter • 12 Jun 2019
A Western Australia-based lender has slashed its variable mortgage rates in response to the Reserve Bank’s cut to the...
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Swiss SME lender enters Australia
by Reporter • 12 Jun 2019
A Switzerland-headquartered alternative lender is expanding into Australia, its first international market, with an...
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Prospa officially floats on the ASX
by Annie Kane • 11 Jun 2019
SME lender Prospa has rung the bell at the Australian Securities Exchange as it officially lists on the stock...
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Major aggregator restructures executive team
by Annie Kane • 11 Jun 2019
AFG has restructured its executive team and consolidated the executive accountability for all residential mortgage...
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HSBC outperforms peers on mortgage growth
by Tas Bindi • 11 Jun 2019
HSBC’s residential mortgage book grew by $500 million in April, representing the largest growth among the non-major...
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Brokers reveal their government wish list
by Tas Bindi • 11 Jun 2019
Brokers breathed a sigh of relief when the Coalition was re-elected by the Australian public, knowing that their...
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Loan Market adds new lender to panel - Jun 2019
by Reporter • 11 Jun 2019
The broking group has welcomed a new lender to its panel, which it said would provide its brokers with access to new...
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Top tips on helping SMEs in the new financial year
by Reporter • 11 Jun 2019
Brokers have an important role to play in helping SMEs stay in good financial shape in the 2020 financial year, a...
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Association head named in Queen’s honours list
by Annie Kane • 10 Jun 2019
The managing director of the Finance Brokers Association of Australia, Peter White, has been appointed as a Member of...
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N1H announces partnership to boost capital-raising capacity
by Reporter • 10 Jun 2019
The financial and property services firm has announced forming a partnership with a Chinese advisory firm to “further...
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Nearly a third of SMEs struggle with finance
by Ezekiel MacNevin • 10 Jun 2019
Three-quarters of small businesses are struggling with business management, with 30 per cent saying they are...
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Non-major banks pass on full rate cut
by Annie Kane • 7 Jun 2019
Non-major lenders AMP Bank, Citi and ME Bank are among the lenders to reduce standard variable interest rates by 25...
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Borrowers flocking to brokers following mortgage rate slashes
by Charbel Kadib • 7 Jun 2019
Broking groups have reported a spike in borrower enquiries following the Reserve Bank’s decision to slash the cash...
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Two more lenders pass on full rate cut
by Annie Kane • 7 Jun 2019
A non-major bank and a credit union have both announced that they will reduce standard variable interest rates by 25...
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Mortgage portfolio ‘deteriorating’ as credit crunch persists
by Reporter • 7 Jun 2019
Delinquencies underlying Australia’s residential mortgage portfolio are continuing to climb as tighter lending...
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