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Mutual bank drops interest rates
by Annie Kane • 23 Jul 2019
Teachers Mutual Bank has announced that it will drop its variable interest rates by up to 25 basis points for new and... READ MORE
Resimac

Resimac bolsters third-party team
by Reporter • 23 Jul 2019
The non-bank has announced the appointment of four BDMs and the introduction of a new relationship management team, in... READ MORE
Susan Mitchell

Mortgage Choice CEO backs clawback reforms

by Charbel Kadib • 22 Jul 2019
The brokerage CEO has called for a “more even sharing” of the loss incurred by brokers and lenders when a borrower... READ MORE
ING Building

ING cuts commercial mortgage rates
by Reporter • 22 Jul 2019
The non-major has announced that it has reduced variable rates across its commercial mortgage products. READ MORE

Major bank reduces savings rates
by reporter • 22 Jul 2019
Westpac has become the third major bank to reduce its savings rates following the RBA’s July cash rate decision, with... READ MORE

NAB announces new CEO
by Annie Kane • 19 Jul 2019
National Australia Bank has appointed the CEO of Royal Bank of Scotland as its new group chief executive officer and... READ MORE
Peter White and Mike Felton

‘Stick to what you know’: Associations hit back at CHOICE
by Charbel Kadib • 19 Jul 2019
The FBAA and MFAA have slammed consumer group CHOICE for its “disturbing lack of understanding” of the broking... READ MORE
RateSetter

Peer-to-peer lender joins AFG panel
by Hannah Dowling • 19 Jul 2019
RateSetter has joined the panel of aggregation company AFG, giving brokers access to its personal loan and car finance... READ MORE

Mortgagors more confident in FHB opportunities
by Hannah Dowling • 19 Jul 2019
Ninety-one per cent of mortgagors believe the Great Australian Dream of home ownership is more achievable for first... READ MORE
86 400

Neobank to focus fully on brokers
by Annie Kane • 18 Jul 2019
Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and will look... READ MORE
APRA

Financial system is ‘more resilient’ thanks to APRA, finds review
by Annie Kane • 18 Jul 2019
APRA’s “rigorous and effective” intervention and management of the “growing risks” in mortgages have helped... READ MORE

Outlook strengthens for house prices and rents, finds NAB
by Annie Kane • 18 Jul 2019
While current property sentiment among property professionals remains negative, future expectations are for improved... READ MORE
S&P Global

Arrears to ‘stabilise’ in response to rate relief
by Reporter • 18 Jul 2019
Home loan delinquencies have declined and are expected to further “stabilise” off the back of interest rate cuts... READ MORE

SME lender joins FAST panel
by Hannah Dowling • 18 Jul 2019
OnDeck Australia has become the latest non-bank lender to join the aggregator’s panel, enabling broker members to... READ MORE

Aggregator launches white label loan suite
by Annie Kane • 17 Jul 2019
Connective has officially launched its suite of white label loan products and brought in a new team of BDMs to support... READ MORE
Macquarie building

Macquarie adds construction features to mortgage products
by Charbel Kadib • 17 Jul 2019
The non-major lender has informed brokers that it will be introducing new construction features to its home loan... READ MORE

Treasurer ‘optimistic’ on economic future
by Annie Kane • 17 Jul 2019
Despite noting challenges in housing, Treasurer Josh Frydenberg has said that he is “optimistic” about... READ MORE
Family in front of their house

How this broker writes family pledge loans
by Hannah Dowling • 17 Jul 2019
No-deposit home loans are on the rise, with parents increasingly looking to support their children on the home buying... READ MORE
Aussie

Aussie urges ASIC to enshrine consumer obligations
by Charbel Kadib • 16 Jul 2019
Brokers who exercise due diligence should “in no way be liable” if they fail to detect misleading information... READ MORE

RBA reveals FHB deposit scheme calculations
by Annie Kane • 16 Jul 2019
The Reserve Bank of Australia has released internal emails that include analysis of the government’s new First Home... READ MORE

New lender joins Mortgage Choice’s panel
by Reporter • 16 Jul 2019
The franchise group has added a new lender to its panel as part of its ongoing strategy to provide its broker network... READ MORE
New role

Interim GM commences role at Astute Ability
by Reporter • 16 Jul 2019
The new interim general manager of Astute Ability Finance Group, Michael Trencher, has commenced his role at the... READ MORE
Mike Felton, Peter White and Anna Bligh

Common approach agreed on financial abuse requirements
by Annie Kane • 15 Jul 2019
The banking and broking industries have agreed on a “common approach to identifying the signs of financial abuse in a... READ MORE
Bank of Sydney, Pepper Money, Heritage Bank

Lenders continue to cut rates
by Annie Kane • 15 Jul 2019
Bank of Sydney, Heritage Bank and Pepper Money have announced rate reductions following the RBA's July cash rate... READ MORE
ASIC

ASIC cancels non-compliant credit licences
by Reporter • 15 Jul 2019
The corporate regulator has suspended and cancelled the credit licences of financial services businesses that have not... READ MORE