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ASIC

ASIC issues penalty warning to brokers
by Reporter • 28 Feb 2019
The corporate regulator has reminded brokers to submit their industry funding invoices prior to the due date to avoid... READ MORE
malcolm withers pepper money launching into commercial real estate

Pepper to launch into commercial real estate space
by Annie Kane • 27 Feb 2019
Pepper Money has announced that it will be officially launching into commercial real estate lending in the coming weeks... READ MORE
Scales of Justice

Labor proposes new bank levy to fund financial rights lawyers
by Annie Kane • 27 Feb 2019
The Australian Labor Party has announced that it will introduce a new levy on ASX100-listed banks to hire more... READ MORE

Brokerage launches free video campaign for broker use
by Annie Kane • 27 Feb 2019
A leading WA brokerage is offering brokers the use of a free, non-branded video campaign that champions the broker... READ MORE

Lender expands team as it eyes national expansion
by Ezekiel MacNevin • 27 Feb 2019
Better Choice Home Loans has announced that it has made several new appointments, including a new business development... READ MORE
mobile technology apple iphone cellphone half of australians battling financial stress

Half of Australians are battling financial stress, research reveals
by Ezekiel MacNevin • 27 Feb 2019
A recent report has revealed that more than 50 per cent of Australians are stressed about their finances, with nearly... READ MORE
Josh Frydenberg

Treasurer reiterates support of brokers
by Annie Kane • 26 Feb 2019
Treasurer Josh Frydenberg has said that the Liberal Party “[stands] on the side of mortgage brokers” and revealed... READ MORE
Cory Bernardi

Australian Conservatives voice support for broker channel
by Charbel Kadib • 26 Feb 2019
Senate crossbencher Cory Bernardi is the latest policymaker to caution against reform that would undermine the... READ MORE
Peter Lock

Banks welcome Labor’s ‘sensible’ broker policy
by Reporter • 26 Feb 2019
The Labor opposition’s shift away from a borrower-pays broker remuneration model has been welcomed by non-major... READ MORE
NAB

NAB implements changes to mortgage application process
by Reporter • 26 Feb 2019
The major bank has announced changes to its home loan application process to further assist brokers in “delivering... READ MORE
business announcing to group of businessman alp borrower pays remuneration model

Industry reacts to Labor’s policy revision

by Charbel Kadib • 25 Feb 2019
The mortgage broking industry has welcomed the Australian Labor Party’s commitment not to implement a borrower-pays... READ MORE

RBA governor mulls remuneration alternatives
by Tas Bindi • 25 Feb 2019
The governor of the RBA has cautiously told senators that, “in principle”, Australia could move to a borrower-pays... READ MORE
AFG

AFG profits stable amid mixed lending result
by Charbel Kadib • 25 Feb 2019
The mortgage aggregator has reported a stable net profit of $16.7 million, despite a 7 per cent fall in... READ MORE
australian dollars 50 alp broker remuneration policy

ALP announces broker remuneration policy

by Annie Kane • 22 Feb 2019
The Labor Party has officially announced its policy response to the broker remuneration recommendations from the royal... READ MORE
Susan Mitchell

Mortgage Choice CEO slams ‘destructive’ lender-pays flat-fee model
by Charbel Kadib • 22 Feb 2019
Mortgage Choice CEO Susan Mitchell has rejected suggestions that the industry should look to a lender-paid flat-fee... READ MORE
Better Business Awards 2019

Queensland broking industry honoured
by Annie Kane • 22 Feb 2019
The leading brokers, business development managers and support staff in Queensland have been recognised at the Better... READ MORE
Ben Kingsley

Industry veteran backs best interests duty
by Reporter • 22 Feb 2019
A leading broker has praised Commissioner Hayne’s recommendation to introduce a best interests duty for brokers,... READ MORE
Philip Gaetjens

Treasury flags broker reform risk ahead of Labor response
by Charbel Kadib • 21 Feb 2019
Policymakers should ensure that broker reforms do not “damage” the pro-competitive role of the industry, Treasury... READ MORE
man holding miniature yellow house in palms 90 day mortgage arrears

Over 90-day mortgage arrears hit record-high
by Reporter • 21 Feb 2019
Home loan delinquencies have increased nationwide, with mortgages more than 90 days in arrears rising to a record high,... READ MORE

AFCA to consider historical cases from July
by Reporter • 21 Feb 2019
AFCA will start considering historical disputes dating back to 2008 from the start of the next financial year. READ MORE
Parliament house

Parliament greenlights whistleblower law
by Reporter • 21 Feb 2019
A bill designed to enshrine whistleblower protections for the reporting of misconduct in the corporate, financial and... READ MORE
gold coins on a gold scale businessman holding coins fee for service equitable model

Fee-for-service not an ‘equitable’ model
by Tas Bindi • 20 Feb 2019
It’s currently inconceivable that a fee-for-service model could be implemented in an “equitable” way across the... READ MORE
Heritage Bank

Non-major warns of banning broker commissions
by Annie Kane • 20 Feb 2019
A Queensland-based bank has publicly defended broker commissions, adding that it does not support “increasing the... READ MORE
Bank of Sydney

Lender launches new mortgage products
by Ezekiel MacNevin • 20 Feb 2019
The Bank of Sydney has launched a new basic mortgage product for owner-occupiers, with a similar property investment... READ MORE

Broker review of lending market launches
by Reporter • 20 Feb 2019
A major survey of the lending space has launched, calling on brokers to assess the performance of Australia’s... READ MORE