Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement

Breaking News

Discussing

Still time to bring ‘common sense’ to trail debate
by Tas Bindi • 13 Feb 2019
Not all hope is lost for mortgage brokers as there is still time to bring “sense and balance” to the remuneration... READ MORE
aussie ceo james symond banking royal commission impact recommendation negative repercussions

Brokerage heads warn of banking royal commission impacts
by Annie Kane • 12 Feb 2019
Changing broker remuneration off the back of the royal commission’s recommendations could cause “significant... READ MORE
Loan application

Lender simplifies specialist loan applications
by Ezekiel MacNevin • 12 Feb 2019
Non-bank mortgage provider Resimac has announced a range of simplifications to its specialist loan applications,... READ MORE

Prime Minister backs broker channel
by Annie Kane • 11 Feb 2019
Prime Minister Scott Morrison has voiced his support for the broker channel and outlined their important role in the... READ MORE

Non-bank lender expands leadership team
by Annie Kane • 11 Feb 2019
A non-bank lender has appointed three new executive general managers to support its growth and “further strengthen... READ MORE
New Zealand Flag

NZ mulling Hayne’s recommendations

by Tas Bindi • 11 Feb 2019
The New Zealand government revealed that it is reviewing Commissioner Hayne’s final report and its implications for... READ MORE
Deloitte

RC reforms would not ‘sound death knell’: Deloitte
by Charbel Kadib • 11 Feb 2019
Commissioner Hayne’s call for a borrower-pays remuneration model and introduction of a “best interest duty” for... READ MORE
Adelaide Bank

Bank withdraws from low-doc space
by Reporter • 11 Feb 2019
A non-major lender has removed its low-doc loan offering for new and existing customers to “align with industry... READ MORE
Fintech digital technology

Online brokerage launches mortgage monitoring tool
by Annie Kane • 11 Feb 2019
Online mortgage broker uno Home Loans has launched a digital monitoring tool, allowing customers to compare their home... READ MORE
Trading

Trail book buyers call for calm over RC recommendations

by Annie Kane • 8 Feb 2019
The heads of two leading trail book buyers have voiced disappointment at the recommendation for trail commissions to be... READ MORE

Non-banks voice support for brokers following RC
by Annie Kane • 8 Feb 2019
Several non-bank lenders have been voicing their support for the broker channel and highlighting their dependence on... READ MORE
Matt Comyn, CEO of Commonwealth Bank

Comyn mulling RC impact on demerger
by Charbel Kadib • 8 Feb 2019
The Commonwealth Bank CEO is considering the impact of the banking royal commission’s recommendations concerning... READ MORE
For sale

Homeowner financial comfort declines
by Ezekiel MacNevin • 8 Feb 2019
The financial inequality gap in Australia has narrowed for the first time in seven years but homeowners’ financial... READ MORE

Major campaign launches to showcase broker value
by Annie Kane • 7 Feb 2019
A national campaign has been launched by a coalition of industry players to demonstrate the competition and choice that... READ MORE

Brokers ramp up political engagements following banking royal...
by Annie Kane • 7 Feb 2019
The broking industry has been on the offensive in the past week, meeting MPs, writing letters and campaigning for the... READ MORE

Coping in the wake of the banking royal commission
by Annie Kane and Jerome Doraisamy • 7 Feb 2019
The banking and financial services royal commission has dealt a blow to the broking industry on a professional and... READ MORE
australian dollars money cash broker remuneration change banking royal commission

Big banks comment on broker remuneration changes
by Annie Kane and Charbel Kadib • 6 Feb 2019
EXCLUSIVE: The major banks have begun releasing their reactions to the banking royal commission recommendations on... READ MORE

Industry advocating for new upfront structure
by Annie Kane • 6 Feb 2019
Aggregators and broker group heads have said they are on the front foot and working to try and raise the upfront... READ MORE
banking royal commission commissioner kenneth hayne best interest duty final report

Banking royal commission calls for best interests duty
by Tas Bindi • 6 Feb 2019
Commissioner Hayne has recommended that the law be amended to include a best interests duty for mortgage brokers in his... READ MORE

Aggregators disappointed but not deterred by RC report
by Annie Kane • 5 Feb 2019
Following the release of the banking royal commission’s final report, several aggregator heads have voiced dismay at... READ MORE
RBA

RBA reveals cash rate verdict
by Charbel Kadib • 5 Feb 2019
The central bank has determined the cash rate for February, following its monthly board meeting. READ MORE

Association heads slam ‘damaging’ RC final report
by Annie Kane • 5 Feb 2019
The heads of two broking associations have hit out at the final report from the financial services royal commission,... READ MORE
Josh Frydenberg

Treasury: Trail to be banned next year

by Annie Kane • 5 Feb 2019
Updated: Government will look to ban trail commissions in the broking industry for new loans from 1 July 2020 with a... READ MORE
Reserve Bank of Australia

Market pundits predict looming rate cut
by Reporter • 5 Feb 2019
While the majority of industry expect today’s RBA meeting to result in the cash rate being held at its record low... READ MORE
scott mcwilliam resimac standardise commission structure upfront commission trail commission rate on all loan products

Resimac standardises commission structure
by Reporter • 5 Feb 2019
The non-bank lender has announced changes to its commission structure, including the standardisation of the upfront and... READ MORE