Mortgage and Finance Brokers Breaking News - The Adviser

Resimac sells subsidiary for $14m

by Reporter • 29 May 2019

The specialist lender has offloaded its subsidiary Paywise to focus on its core businesses in Australia and New... READ MORE

New credit rules make diversification ‘critical’

by Ezekiel MacNevin • 29 May 2019

RateSetter has called for brokers to diversify into personal lending as ASIC’s new credit card rules could... READ MORE

Last chance to enter the Women in Finance Awards

by The Adviser • 29 May 2019

Submissions are flooding in for the annual Women in Finance Awards, and entries close at the end of this week. READ MORE

Borrower fee flagged as option to mitigate clawback risks

by Charbel Kadib • 28 May 2019

Brokers may need to consider charging a “refundable” fee to certain borrowers in order to offset losses incurred... READ MORE

Aussie, Pepper team up to launch new home loan range

by Reporter • 28 May 2019

Aussie has joined forces with Pepper Money to launch a new “flexible” and “specialised” home loan product... READ MORE

PM appoints new minister to oversee financial services sector

by Charbel Kadib • 28 May 2019

The Prime Minister has revealed his new cabinet, which includes the appointment of a new minister responsible for the... READ MORE

Non-bank exec launches training program for brokers

by Reporter • 28 May 2019

A non-bank lender executive has announced the launch of a paid training program to help mortgage brokers diversify... READ MORE

Industry must ‘embrace’ scrutiny, says Loan Market head

by Charbel Kadib • 27 May 2019

The head of the major brokerage has backed the remuneration review in three years’ time, stating that the industry... READ MORE

House prices to bounce back by end of 2020

by Tas Bindi • 27 May 2019

While many economists do not foresee a V-shaped recovery in the housing market in the coming year or so, one has a more... READ MORE

SMEs’ role in election outcome ‘can’t be discounted’

by Annie Kane • 27 May 2019

The role of small-business owners and brokers in helping re-elect the Coalition back into power cannot be discounted,... READ MORE

Resimac adds new member to NZ underwriting team

by Reporter • 27 May 2019

The non-bank lender has appointed a new staff member to the newly created role of senior underwriter in New Zealand. READ MORE

Brokers buoyed by shift in mortgage landscape

by Charbel Kadib • 24 May 2019

Political and regulatory developments are conspiring in favour of the broking industry, with a rise in sentiment... READ MORE

Westpac amends residential lending policy

by Charbel Kadib • 24 May 2019

The major bank and its subsidiaries have made changes to their residential lending policies, including tighter... READ MORE

Lack of home ownership disadvantaging Gen Y SMEs

by Reporter • 24 May 2019

The low level of home ownership among younger age groups has played a role in business loans being rejected, the chief... READ MORE

BNK’s loan book grows past $200m

by Ezekiel MacNevin • 24 May 2019

The rebranded publicly listed bank has announced surpassing $200 million in loans since inception. READ MORE

New credit card rules will impact brokers, says lawyer

by Annie Kane • 23 May 2019

Brokers should be applying new credit card assessment rules to their loan applications, the solicitor director of The... READ MORE

Why brokers should be building value outside of trail

by Annie Kane • 23 May 2019

While the federal election result has granted a reprieve for the conversation around trail commission, brokers should... READ MORE

Commissions to stay but change is ‘constant’

by Charbel Kadib • 23 May 2019

The Coalition’s surprise victory may have reinstalled certainty over broker remuneration, but change is... READ MORE

Financial industry must be inclusive: ASIC

by Reporter • 23 May 2019

ASIC chair James Shipton has called for financial institutions to make the industry more inclusive to all parts of the... READ MORE

More people could access mortgages under proposed APRA changes

by Annie Kane • 22 May 2019

APRA’s newly announced proposal to allow banks to set their own serviceability floors when assessing residential... READ MORE

Arrears movements remain ‘mixed’ across Australia

by Tas Bindi • 22 May 2019

Movements in prime mortgage arrears were mixed across Australia, with the ACT the only region to record a fall in... READ MORE

Coalition urged to deliver on pre-election SME commitments

by Reporter • 22 May 2019

Australia’s small business ombudsman is reminding the re-elected Coalition government to “follow through” on the... READ MORE

Pepper Money extends reach in New Zealand

by Ezekiel MacNevin • 22 May 2019

Astute NZ has signed a white-label agreement with non-bank lender Pepper Money to offer a range of eight mortgage... READ MORE

‘Now is not the time to rest on our laurels,’ say association...

by Annie Kane • 21 May 2019

The leaders of the MFAA and FBAA have both welcomed the Coalition government’s re-election to power, but said that... READ MORE