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Breaking News
Commissions to stay but change is ‘constant’
by Charbel Kadib • 23 May 2019
The Coalition’s surprise victory may have reinstalled certainty over broker remuneration, but change is...
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Financial industry must be inclusive: ASIC
by Reporter • 23 May 2019
ASIC chair James Shipton has called for financial institutions to make the industry more inclusive to all parts of the...
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More people could access mortgages under proposed APRA changes
by Annie Kane • 22 May 2019
APRA’s newly announced proposal to allow banks to set their own serviceability floors when assessing residential...
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Arrears movements remain ‘mixed’ across Australia
by Tas Bindi • 22 May 2019
Movements in prime mortgage arrears were mixed across Australia, with the ACT the only region to record a fall in...
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Coalition urged to deliver on pre-election SME commitments
by Reporter • 22 May 2019
Australia’s small business ombudsman is reminding the re-elected Coalition government to “follow through” on the...
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Pepper Money extends reach in New Zealand
by Ezekiel MacNevin • 22 May 2019
Astute NZ has signed a white-label agreement with non-bank lender Pepper Money to offer a range of eight mortgage...
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‘Now is not the time to rest on our laurels,’ say association...
by Annie Kane • 21 May 2019
The leaders of the MFAA and FBAA have both welcomed the Coalition government’s re-election to power, but said that...
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Aggregator heads welcome election result, set sights on the future
by Annie Kane • 21 May 2019
Several leading representatives of the aggregation and broking groups have welcomed the outcome of the federal...
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Boutique aggregator appoints new head
by Charbel Kadib • 21 May 2019
A mortgage aggregator based in NSW has announced the appointment of a new head, who has committed to delivering a new...
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SME lender eyes growth after raising $8m
by Reporter • 21 May 2019
Non-bank lender Lumi has successfully completed an $8-million funding round to support its growth ambitions in the...
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Lenders put fixed rates on cutting board as demand slows
by Tas Bindi • 20 May 2019
More lenders have joined the fixed rate cut party amid declining demand.
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NAB reduces revenue threshold for QuickBiz loans
by Reporter • 20 May 2019
The major bank has reduced the minimum annual turnover limit for QuickBiz applications to make loans and overdrafts...
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Election 2019: What it means for brokers
by Annie Kane • 18 May 2019
The results of the federal election are in – but what does it mean for the broking industry? We unpack the key policy...
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YBR overhauls company, CEO to step down
by Annie Kane • 17 May 2019
Yellow Brick Road Holdings Limited has announced that it will create a “much simpler business” by disposing of its...
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Election Eve: Voters to determine the future of broker rem
by Charbel Kadib • 17 May 2019
The trajectory of broker remuneration reform is set to be determined tomorrow when voters take to the polls, with...
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Resimac introduces building cladding restrictions
by Tas Bindi • 17 May 2019
The non-bank lender has announced that a unit or apartment in buildings with non-compliant cladding will not be...
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ASIC consults on new complaints-handling rules
by Tas Bindi • 17 May 2019
The corporate regulator is seeking feedback on its newly proposed internal dispute resolution rules on how financial...
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Prospa confirms IPO, expects to list next month
by Annie Kane • 16 May 2019
Online SME lender Prospa has officially announced its initial public offering and said it expects to list on the ASX...
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Leading brokers urge peers to take action
by Annie Kane • 16 May 2019
ALIC’s Mark Davis and 1st Street’s Jeremy Fisher are among the leading brokers urging the industry to “fight for...
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Flurry of fixed rate cuts continues
by Reporter • 16 May 2019
Three banks have joined the fixed rate cutting trend as wholesale funding cost pressures ease.
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BOQ launches digital platform to improve turnaround times
by Reporter • 16 May 2019
The regional bank has expanded its service offering for mortgage brokers in a bid to improve turnaround times and...
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All brokers should ‘look into’ wealth advice, suggests broker
by Annie Kane • 16 May 2019
A leading Queensland-based broker has become a licensed wealth adviser and launched a financial planning service to his...
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Major bank broker flows diverge
by Charbel Kadib • 15 May 2019
The major banks have reported mixed results regarding the share of home loans originated through the broker channel.
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Brokers urged to help SMEs face election headwinds
by Ezekiel MacNevin • 15 May 2019
SME lenders are calling on brokers to help small businesses access finance to help them grow their business through...
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Most consumers ‘overestimate’ their financial knowledge
by Tas Bindi • 15 May 2019
Only 4 per cent of consumers are “justifiably confident” in their financial literacy, with the majority failing to...
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