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Court and gavel

Major mortgage class action dropped
by Annie Kane • 13 Dec 2018
A class action lawsuit that was being planned on behalf of “Australian bank customers that have entered into mortgage... READ MORE
AFG

ACCC report highlights need to preserve broker model: AFG
by Charbel Kadib • 13 Dec 2018
It would be “unfathomable” for policymakers to consider regulatory change that would undermine the competitive... READ MORE

Last day to complete the Borrower Experience Survey
by Reporter • 13 Dec 2018
There are just 24 hours left to share and respond to The Adviser’s Borrower Experience Survey undertaken by Momentum... READ MORE

‘Welcome lift’ in loan approvals bucks downward trend
by Reporter • 13 Dec 2018
The October rise in home loan approvals could “signal a reversal” in the market, but tighter credit conditions are... READ MORE
Explaining

ACCC report represents ‘opportunity’ for brokers

by Annie Kane • 12 Dec 2018
A new report into mortgage pricing has shown that a lack of transparency is stifling competition, with the heads of... READ MORE
Mobile phone

New app to supplement brokers’ value
by Reporter • 12 Dec 2018
A fintech has announced the launch of a new financial health app for mortgage brokers to offer their clients under... READ MORE

Virgin Money changes broker remuneration
by Annie Kane • 11 Dec 2018
The non-bank lender has announced that it will update the way it calculates broker commissions from 1 January 2019. READ MORE
Arrow up

Aggregator reports 26% growth post-merger
by Reporter • 11 Dec 2018
Finsure’s loan book grew by 26 per cent year-on-year following its merger with a Western Australian bank. READ MORE
Pen and paper

Major bank announces credit policy changes
by Charbel Kadib • 11 Dec 2018
A big four bank has updated its credit policy to require brokers to provide supporting commentary, which explains... READ MORE

Loan Market adds new lender to panel
by Reporter • 11 Dec 2018
The broking franchise has announced the addition of a new member to its lender panel. READ MORE

Melbourne couple convicted after breaching banning order
by Reporter • 11 Dec 2018
A Victoria-based couple have been fined $5,000 each after being convicted of engaging in credit activities in breach of... READ MORE

Consolidation of lenders to be ‘big theme’ in 2019
by Annie Kane • 10 Dec 2018
Following Macquarie’s announcement that it will cease offering new white-label loans, the joint CEO of a non-bank... READ MORE
handshake

Brokerage announces new appointments
by Reporter • 10 Dec 2018
A national mortgage brokerage has announced the appointment of a new general manager of operations and a new state... READ MORE
Karen Chester

Productivity commissioner becomes new ASIC deputy chair
by Annie Kane • 10 Dec 2018
The government has appointed a new deputy chair to the Australian Securities and Investments Commission following the... READ MORE

Neo-lender appoints first broker head

by Annie Kane • 7 Dec 2018
A digital lender has appointed its first national manager for broker distribution to help develop its broker offering... READ MORE
Australian money

Expenses to be one of 2019’s ‘biggest challenges’: ING
by Annie Kane • 7 Dec 2018
The “operationalisation” of borrower living expenses will be one of industry’s “biggest challenges” next... READ MORE
Whistle

ASIC whistle-blower issues warning to brokers
by Charbel Kadib • 7 Dec 2018
The co-founder and director of a nationally recognised brokerage has issued a warning to his peers after being a... READ MORE
Arrow up

Bank hikes rates, reintroduces home loan fee
by Charbel Kadib • 7 Dec 2018
A regional bank has increased interest rates on its investor loan products and has introduced an establishment fee on... READ MORE

Major bank to change commissions next year
by Annie Kane • 6 Dec 2018
A big four bank has confirmed that it will be changing the way it calculates upfront commissions from next year, in... READ MORE
Brokers

Most brokers would dump CBA if comms go: HashChing
by Reporter • 6 Dec 2018
A majority of brokers would cancel their accreditation or avoid using Commonwealth Bank products if a fees-for-service... READ MORE
amp limited announce group leadership announcement amp logo building

AMP announces group leadership appointment
by Reporter • 6 Dec 2018
The financial services giant has announced the appointment of a group executive to its leadership team. READ MORE

Non-major bank announces new commission structure
by Annie Kane • 5 Dec 2018
Another bank has announced that it will be updating the way it pays broker commissions from 1 January 2019. READ MORE
Investment property

FHB activity underreported with 1 in 3 opting to invest
by Reporter • 5 Dec 2018
First home buyers could be more active than reported in official statistics, with over a third choosing to purchase an... READ MORE

RBA reveals pre-Christmas cash rate

by Tim Neary • 4 Dec 2018
The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a... READ MORE

ASIC bans three convicted brokers
by Reporter • 4 Dec 2018
The corporate regulator has permanently banned three Victorian-based brokers convicted for conspiring to defraud... READ MORE