Mortgage and Finance Brokers Breaking News - The Adviser

Labor ‘sticks to their guns’ on broker commissions

by Annie Kane • 5 Apr 2019

The CEO of a mortgage neo-lender met with shadow treasurer Chris Bowen this week, suggesting that Labor is “sticking... READ MORE

Bankwest launches valuation tool for brokers

by Charbel Kadib • 5 Apr 2019

The lender has announced the launch of a new tool designed to simplify the valuation process for brokers and their... READ MORE

ASIC’s new product intervention powers becomes official

by Tas Bindi • 5 Apr 2019

A new bill requiring product issuers to ensure products are targeted and offered to the right customers, as well as... READ MORE

Mortgage arrears rate to continue climbing: Moody’s

by Charbel Kadib • 4 Apr 2019

The home loan delinquency rate has increased year-on-year and is set to continue rising throughout 2019, according to... READ MORE

1 in 2 borrowers facing mortgage hardship

by Reporter • 4 Apr 2019

Almost half of borrowers are struggling to meet their home loan repayments, new research from Finder has revealed. READ MORE

Broking industry heads tentatively welcomes Coalition’s budget

by Annie Kane • 4 Apr 2019

Several members of the mortgage broking industry have voiced support of the Coalition government’s budget for 2019-20... READ MORE

ING announces commercial credit policy changes

by Charbel Kadib • 3 Apr 2019

The non-major lender has announced changes to its commercial credit policy, including a sharp increase to the maximum... READ MORE

Virgin Money partners with aggregator

by Reporter • 3 Apr 2019

The non-major lender has announced its partnership with a mortgage aggregator, in a move designed to enhance its... READ MORE

house of parliament night canberra budget 2019 2020 released government instant asset write off

Budget 2019-20 released

by Annie Kane • 2 Apr 2019

The Coalition government has released its budget for 2019-20, which includes an extension and increase in the instant... READ MORE

Pre-budget cash rate decision revealed

by Charbel Kadib • 2 Apr 2019

The RBA has announced its cash rate verdict for April ahead of the release of the federal budget this evening. READ MORE

Housing market plagued by ‘uncertainties’ as downturn continues

by Charbel Kadib • 2 Apr 2019

The fall in residential property values is “losing steam” but could be reinvigorated by changes in the political... READ MORE

Property slump ‘weighing heavily’ on sentiment

by Reporter • 2 Apr 2019

Cost of living pressures have been magnified by the continued fall in dwelling values, with the “wealth effect”... READ MORE

Non-bank updates lending policy

by Reporter • 2 Apr 2019

A non-bank lender has announced updates to its serviceability assessment criteria, including changes to requirements... READ MORE

chris bowen shadow treasurer alp change to negative gearing capital gains tax mini surge housing market

Labor announcement to spark ‘mini surge’ in housing market

by Charbel Kadib • 1 Apr 2019

The federal Labor opposition has revealed the commencement date for its changes to negative gearing and the capital... READ MORE

Profile: Damian Percy reflects on his legacy

by Annie Kane • 1 Apr 2019

After nearly 20 years with the Bendigo and Adelaide Bank Group, Damian Percy, the former head of strategic... READ MORE

Fixed mortgage rate cuts continue

by Reporter • 1 Apr 2019

Macquarie Bank, ME, and HomeStart Finance are the latest lenders to reprice their fixed rate home loan offerings,... READ MORE

ASIC to recover $5.6m from credit intermediaries

by Annie Kane • 1 Apr 2019

Credit intermediaries — such as brokers an aggregators — will need to cover more than $5 million of ASIC’s costs... READ MORE

Aggregator enters joint operation agreement with iSelect

by Annie Kane • 29 Mar 2019

A major aggregator has entered into a joint operation agreement with comparison website iSelect, which aims to benefit... READ MORE

Industry heads reiterate warning of changing remuneration

by Annie Kane • 29 Mar 2019

A panel of representatives from the mortgage and broking industry has noted the complex task of changing broker... READ MORE

Introducer program ‘halved’, ANZ reveals

by Charbel Kadib • 29 Mar 2019

ANZ CEO Shayne Elliott has revealed that the major bank has halved its network of introducers but has no immediate... READ MORE

Lender adopts ‘stricter’ compliance guidelines

by Reporter • 29 Mar 2019

A South Australian-based lender has announced that it will launch a new compliance model designed to ensure that... READ MORE

Trail book scammer jailed

by Annie Kane • 28 Mar 2019

A former banker and mortgage broker has been sentenced to five years in prison for 16 counts of financial deception,... READ MORE

ANZ CEO backs market solution to commission debate

by Charbel Kadib • 28 Mar 2019

The market can “resolve” the ongoing broker remuneration dispute without government intervention, ANZ CEO Shayne... READ MORE

Brokers would not ‘thrive’ under advice model: NAB

by Annie Kane • 27 Mar 2019

The interim CEO of a major bank has told the House of Representatives that the mortgage broking industry is “not... READ MORE