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Breaking News
Westpac revises credit policy
by Reporter • 26 Apr 2019
The major bank has made changes to its consumer credit policy, which will come into effect this weekend.
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Goals, attitude and discipline ‘key’ to withstanding tough times
by Reporter • 26 Apr 2019
Setting goals, thinking positively and being disciplined are key to achieving and sustaining business success,...
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Newly licensed bank affirms commitment to broker channel
by Charbel Kadib • 24 Apr 2019
A challenger bank has been granted a full banking licence by the prudential regulator, which it has said would bolster...
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Common sense ‘missing’ in loan application scrutiny
by Tas Bindi • 24 Apr 2019
Overbearing and persnickety reviews of loan applications have, at times, been “contrary to the spirit of the royal...
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Coalition commits $100m to new SME fund
by Reporter • 24 Apr 2019
The Morrison government has committed to establishing an SME growth fund, designed to provide “high growth...
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Fixed rate demand slips ahead of rate cuts
by Reporter • 24 Apr 2019
Borrower demand for fixed rate home loans dropped in March, but rate cuts announced over the past few weeks could...
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Remuneration changes won’t spark broker exodus
by Reporter • 23 Apr 2019
The head of third party at a non-major lender is confident that potential remuneration changes won’t push brokers out...
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Virgin Money announces rate cuts
by Charbel Kadib • 23 Apr 2019
The non-major lender has decreased its fixed mortgage rates by up to 40 basis points.
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Former ANZ director appointed CEO of SME lender
by Reporter • 23 Apr 2019
FE Investments Group has named a former director at ANZ Bank as its new chief executive.
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Labor urged to be ‘careful’ with LRBA changes
by Reporter • 23 Apr 2019
The possibility of a Labor government banning LRBAs could be a cause for concern for commercial property lenders like...
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ALP showing ‘willingness’ to discuss commissions
by Charbel Kadib • 18 Apr 2019
The federal Labor opposition’s position on broker remuneration is not “fixed” but it is yet to be sold on...
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FBAA director to lead broker federation as chair
by Tas Bindi • 18 Apr 2019
The head of the FBAA has been elected as the chair of a recently established cross-border organisation aimed at...
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SME lender officially launches equipment finance loan
by Annie Kane • 18 Apr 2019
OnDeck has officially launched its new equipment finance loan for small businesses, as it urges brokers to help small...
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Brokers rate non-major as the best performing bank
by Annie Kane • 17 Apr 2019
Brokers have rated a non-major bank as the top performing ADI in the mortgage broker market, ahead of the big four,...
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Bank CEO backs deferred upfront model
by Annie Kane • 17 Apr 2019
The CEO of a non-major bank has said that any changes to broker remuneration need to consider the “sustainability”...
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Challenger bank unfazed by broker uncertainty
by Charbel Kadib • 17 Apr 2019
A neobank plans to “forge ahead” with its broker strategy and expand its distribution network despite continued...
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Banks urged to cut interest rates
by Reporter • 17 Apr 2019
The Finance Brokers Association of Australia has welcomed moves by several major banks to reduce fixed interest rates,...
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Refinancers saving thousands on mortgage repayments
by Reporter • 17 Apr 2019
Borrowers who have opted to refinance are saving an average of 66 basis points on their home loan interest rate,...
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Brokers helping SME clients a ‘win-win’
by Annie Kane • 16 Apr 2019
The CEO of SME lender OnDeck has encouraged brokers to embrace fintechs and diversify into SME lending, as new research...
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Brokers will be ‘critical strategic partner’ for new bank
by Annie Kane • 16 Apr 2019
SME lender Judo Capital has said that brokers will continue to be a “critical strategic partner” once it officially...
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Submissions open for Australian Broking Awards 2019
by The Adviser • 16 Apr 2019
Submissions are now open for the 2019 Australian Broking Awards, the prestigious annual event that highlights the...
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Mortgage brokers urged to ride the ‘energy wave’
by Reporter • 16 Apr 2019
There is an “enormous opportunity” for mortgage brokers to expand into the energy sector, according to an asset...
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Neo-lender banks on brokers with new partnership
by Charbel Kadib • 15 Apr 2019
A new entrant in the lending space has partnered with a mortgage aggregator to secure a national distribution network...
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APRA to take on new responsibilities
by Eliot Hastie • 15 Apr 2019
APRA is ready to take on new responsibilities and adopt a broader focus in their activities, according to an...
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YBR makes progress on $300m securitisation initiative
by Charbel Kadib • 15 Apr 2019
The third-party mortgage and advice business is one step closer to securing a $300 million RMBS warehouse facility...
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