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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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE
HSBC

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE
Peter White

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... READ MORE
Partnership

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... READ MORE

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... READ MORE

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... READ MORE
Andrea McNaughton

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... READ MORE

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... READ MORE
S&P Global Ratings

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... READ MORE

Non-major bank brings in former Westpac consumer bank CEO
by Annie Kane • 6 Jun 2019
BOQ has announced that it will welcome a new managing director and CEO in September, after appointing the former CEO... READ MORE

Treasurer ‘deeply disappointed’ at ANZ and Westpac
by Annie Kane • 6 Jun 2019
Federal Treasurer Josh Frydenberg has said that both government and customers are “deeply disappointed” with two... READ MORE

Macquarie, ING drop rates by 25 bps
by Annie Kane • 6 Jun 2019
Macquarie Bank and ING have become the two latest banks to announce that they will be passing on the RBA’s 25 basis... READ MORE
For sale sign

FHB activity falls despite improvement in affordability
by Charbel Kadib • 6 Jun 2019
Housing affordability pressures have eased but first home buyers have not reaped the rewards, according to new... READ MORE
Connective office

Connective partners with Thinktank to launch new loan suite
by Reporter • 6 Jun 2019
The aggregator and the commercial property lender have joined forces to launch a new finance product for businesses,... READ MORE

Broking industry reacts to cash rate move
by Charbel Kadib • 5 Jun 2019
Senior stakeholders in the broking industry have reacted to the Reserve Bank’s first monetary policy adjustment in... READ MORE
John Kolenda

RBA urged to ‘leave fuel in the tank’
by Charbel Kadib • 5 Jun 2019
The head of a mortgage aggregator has called on the Reserve Bank to refrain from hastily exhausting its monetary policy... READ MORE

Major banks pass on cash rate cut
by Charbel Kadib • 4 Jun 2019
Several lenders, including major banks, have dropped their variable home loan rates in response to the RBA’s monetary... READ MORE
RBA

RBA pulls cash rate trigger
by Charbel Kadib • 4 Jun 2019
The central bank has reduced the official cash rate for the first time since August 2016, with mortgage rate cuts... READ MORE
RBA

Pundits fear banks won’t play ball if RBA cuts
by Charbel Kadib • 4 Jun 2019
Most industry pundits are expecting the RBA to cut the official cash rate later today. However, some observers have... READ MORE