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Breaking News
Brokers urged to embrace car finance space
by Reporter • 25 Jun 2019
An aggregator has called on brokers to capitalise on the growing demand for broking services in the car financing...
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Analysis uncovers ‘surprising’ spike in high-LVR lending
by Charbel Kadib • 24 Jun 2019
The share of new loans approved with an LVR greater than 80 per cent has increased, despite continued tightening in...
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Banks charged $1.17bn in home loan fees
by Annie Kane • 24 Jun 2019
More than a quarter of the $4.19 billion dollars of bank fees charged to customers last year were related to home...
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P2P lender drops car loan rates
by Annie Kane • 24 Jun 2019
Peer-to-peer lender RateSetter has announced that it has dropped rates on new car loans by 85 basis points, following...
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Brokerage to extend reach in Sydney market
by Reporter • 24 Jun 2019
A brokerage based in Sydney’s eastern suburbs has announced its expansion into greater Sydney with the help of a real...
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Banks to begin rolling out financial abuse requirements
by Annie Kane • 21 Jun 2019
Several banks have begun advising brokers of impending updates that will require the industry to look out for financial...
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Finalists revealed for Women in Finance 2019
by Reporter • 21 Jun 2019
The Adviser, together with principal partner AMP Bank, is proud to announce this year’s finalists for the 2019 Women...
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Broker rating site removes pre-generated broker profiles
by Annie Kane • 21 Jun 2019
The founder of broker rating website Brokermatch has said that it will be removing all the “placeholder” profiles...
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Mortgage Choice director retires
by Reporter • 21 Jun 2019
The broking franchise has announced the retirement of a long-serving board director.
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Broker market share hits new record-high
by Charbel Kadib • 20 Jun 2019
The broker channel has hit new heights, recording its highest ever share of the home loan market.
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Proprietary channel conceded territory to brokers
by Charbel Kadib • 20 Jun 2019
The share of new home loans originated by the third-party channel has spiked against a backdrop of a 16.4 per cent fall...
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Westpac appoints new CEO of business division
by Reporter • 20 Jun 2019
The major bank has appointed a CEO to head-up its new business division.
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Royal commission reinforced what GFC exposed: Laker
by Tas Bindi • 20 Jun 2019
A decade later, the royal commission came to the same conclusion that was reached during the GFC about the impact of...
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Loan management platform launches $1m equity raise
by Reporter • 20 Jun 2019
Loan management platform Credi has opened a $1 million equity crowdfund on Equitise in a bid to enable everyday...
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New broker rating site to launch
by Annie Kane • 19 Jun 2019
Brokers are being called on to review and verify their online profiles on a new website that is set to launch, which...
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Major brokerage allows brokers to retain personal brand
by Annie Kane • 19 Jun 2019
Loan Market has launched a new scheme that will enable “quality businesses with scale” to join the brokerage while...
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ASIC approves rules to extend AFCA’s reach
by Reporter • 19 Jun 2019
New legacy rules, designed to expand AFCA’s jurisdiction, have been approved by the corporate regulator.
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ME slashes rates by up to 31bps
by Reporter • 19 Jun 2019
The non-major has repriced its owner-occupied and investment home loan offerings, with one product priced with the...
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More details emerge behind HashChing exodus
by Annie Kane • 18 Jun 2019
As mortgage marketplace HashChing goes through a seismic change and looks to branch into new areas of focus, more...
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Gateway Bank cuts mortgage rates
by Reporter • 18 Jun 2019
Gateway has cut rates across all of its variable owner-occupied and investment home loans, which will apply to both new...
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Rise in mortgage delinquencies forecast to continue
by Reporter • 18 Jun 2019
High household debt, declining house prices and the automatic conversion of interest-only loans will continue to drive...
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NAB updates lending policy to comply with new banking code
by Reporter • 18 Jun 2019
The major bank has revised its lending policy in accordance with provisions outlined under the new Banking Code of...
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Doubts cast over utility of FHB loan scheme
by Charbel Kadib • 17 Jun 2019
It is “unlikely” that the federal government’s first home buyer scheme will achieve its objective of improving...
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TMB drops variable mortgage rates
by Charbel Kadib • 17 Jun 2019
The mutual bank has passed on the full 25bps cut from the RBA to its variable mortgage rate customers.
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Law firm slams ‘inequitable’ AFCA reforms
by Reporter • 17 Jun 2019
Reforms to extend AFCA’s jurisdiction are “inequitable” and “inconsistent”, according to a Queensland-based...
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