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Breaking News
Former REA Group executive joins FlexiGroup
by Reporter • 15 Apr 2019
FlexiGroup has appointed a former media executive at REA Group to the position of chief revenue officer.
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ASBFEO calls on brokers to help SMEs
by Annie Kane • 12 Apr 2019
The small business ombudsman has highlighted the need for brokers to help SMEs accessing finance, noting that it could...
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Former ASIC chair condemns broker commission ban
by Reporter • 12 Apr 2019
A senior official at the OECD is the latest to denounce commissioner Hayne’s recommendation to abolish lender-paid...
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BOQ’s sharp mortgage slump offset by broker growth
by Charbel Kadib • 12 Apr 2019
Growth in home loan settlements via the broker channel has softened the blow of the non-major's negative mortgage...
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MFAA code of practice gains interim authorisation
by Ezekiel MacNevin • 12 Apr 2019
The MFAA has recently been granted interim authorisation to enforce its Code of Practice as it awaits “final...
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In Memoriam: Don Martyn, 1955-2019
by Annie Kane • 11 Apr 2019
Don Martyn, a long-serving broker and keen sailor, has passed away at the age of 64 following a heart attack.
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CBA pays additional compensation for advice failings
by Reporter • 11 Apr 2019
ASIC has released its final report on the major bank’s compliance with financial advice licence conditions,...
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CoreLogic launches mortgage portfolio analytics tool
by Reporter • 11 Apr 2019
The property data and analytics provider has announced the launch of a new tool designed to help lenders identify...
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Brokers of the future will offer ‘whole home’ experience
by Annie Kane • 10 Apr 2019
The banks and brokers “of the future” will deliver a “whole home” experience for customers, from mortgages to...
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Bendigo drops variable home loan rates
by Reporter • 10 Apr 2019
The non-major lender has reduced owner-occupied home loan rates by up to 20 basis points on two of its mortgage...
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Two-fifths forgo home ownership to maintain appearances
by Ezekiel MacNevin • 10 Apr 2019
More than a third of Australians are reportedly choosing to “forgo buying their own home in order to keep up...
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ASIC releases update on enforcement of financial misconduct
by Reporter • 10 Apr 2019
The corporate regulator has published an update of its enforcement work, which include its enforcement of misconduct...
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Senator ‘yet to be convinced’ of trail utility
by Charbel Kadib • 9 Apr 2019
Another Senate crossbencher has weighed in on proposed changes to broker remuneration, questioning the validity of...
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Prospa launches new line of credit facility
by Annie Kane • 9 Apr 2019
Following broker feedback, the small business lender has developed a new line of credit facility for SMEs.
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Macquarie appoints new head of broker
by Charbel Kadib • 8 Apr 2019
The non-major lender has announced changes to its third-party team, including the appointment of a new head of broker...
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Crossbencher rebukes proposed trail ban
by Charbel Kadib • 8 Apr 2019
The broking industry should not be “regulated out of existence”, a former Senate crossbencher has said, adding that...
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Resimac unveils new broker support team
by Reporter • 8 Apr 2019
The non-bank lender has launched a broker support initiative designed to provide the third-party channel with timely...
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Borrowers imprisoned by tighter credit
by Reporter • 8 Apr 2019
Drawing on the experiences of her own clients, an award-winning Sydney-based mortgage broker has noted the struggles...
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CBA’s NewCo CEO appointed to FSC board
by Reporter • 8 Apr 2019
Three new faces have joined the Financial Services Council board, including the CEO of Commonwealth Bank’s NewCo.
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Labor ‘sticks to their guns’ on broker commissions
by Annie Kane • 5 Apr 2019
The CEO of a mortgage neo-lender met with shadow treasurer Chris Bowen this week, suggesting that Labor is “sticking...
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Bankwest launches valuation tool for brokers
by Charbel Kadib • 5 Apr 2019
The lender has announced the launch of a new tool designed to simplify the valuation process for brokers and their...
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ASIC’s new product intervention powers becomes official
by Tas Bindi • 5 Apr 2019
A new bill requiring product issuers to ensure products are targeted and offered to the right customers, as well as...
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Mortgage arrears rate to continue climbing: Moody’s
by Charbel Kadib • 4 Apr 2019
The home loan delinquency rate has increased year-on-year and is set to continue rising throughout 2019, according to...
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1 in 2 borrowers facing mortgage hardship
by Reporter • 4 Apr 2019
Almost half of borrowers are struggling to meet their home loan repayments, new research from Finder has revealed.
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Broking industry heads tentatively welcomes Coalition’s budget
by Annie Kane • 4 Apr 2019
Several members of the mortgage broking industry have voiced support of the Coalition government’s budget for 2019-20...
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