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Breaking News
‘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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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ASIC takes action against mortgage professionals
by Reporter • 15 Jul 2019
The corporate regulator revealed that it has cancelled two financial services licences, one due to the absence of...
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RBA flags ‘overhang effect’ of rising mortgage debt
by Charbel Kadib • 12 Jul 2019
New research from the Reserve Bank has highlighted the link between mortgage debt and household spending amid debate...
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Westpac cuts fixed rates by up to 70bps
by Reporter • 12 Jul 2019
The major bank has reduced fixed rates across its owner-occupied and investment home loan offerings.
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Credit demand to bounce following pre-election lull
by Reporter • 12 Jul 2019
Demand for housing finance has dripped to a 10-year low, but analysts are expecting the market to flip as the...
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YBR sells investment service as it focuses on mortgages
by Annie Kane • 12 Jul 2019
Yellow Brick Road has sold its stake in wealth investment service Smarter Money Investments as it continues its...
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Major bank suffers blow in broker space
by Charbel Kadib • 11 Jul 2019
A big four bank’s share of the third-party channel has dwindled over the past 12 months, with the lender experiencing...
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