Mortgage and Finance Brokers Breaking News - The Adviser

1 in 10 brokers say customers could be in serious debt

by Reporter • 6 Nov 2018

A new survey of brokers signals “tough times ahead” for mortgagors, with one in 10 suggesting that many of their... READ MORE

RC hearings to look at regulatory reform

by Annie Kane • 5 Nov 2018

The upcoming round of public hearings for the financial services royal commission will focus on misconduct and conduct... READ MORE

ING cuts investor fixed rates, raises OO rates

by Reporter • 5 Nov 2018

The non-major bank has cut its fixed rates on investment loans by up to 36 basis points while lifting its fixed rates... READ MORE

Macquarie unfazed by threat of broking reform

by Charbel Kadib • 5 Nov 2018

The non-major bank has said that it is “well positioned” in the broking space, stating that potential regulatory... READ MORE

How content catapulted one broker’s credibility

by Tas Bindi • 5 Nov 2018

The power of digital platforms as a credibility builder cannot be questioned, according to an elite broker whose... READ MORE

FHBs to benefit most from CCR

by Reporter • 5 Nov 2018

First home buyers will be the borrowing segment that will benefit most from comprehensive credit reporting, according... READ MORE

Brokers driving competition, pulling away from majors: MFAA

by Annie Kane • 2 Nov 2018

The third-party channel settled nearly $200 billion of home loans in the year to March, with a record share going to... READ MORE

Brokers, wholesale funder spur major bank lending rise

by Charbel Kadib • 2 Nov 2018

A big four bank has reported that the third-party channel has originated $9 billion in home loans over the past 12... READ MORE

Heartland Group starts trading on the ASX

by Tas Bindi • 2 Nov 2018

Heartland Group Holdings, under which its Australian reverse mortgage business operates, has begun trading on the... READ MORE

New mental health program to be rolled out for brokers

by Reporter • 2 Nov 2018

A mental health program trialled with brokers this week has been positively received and is expected to be rolled out... READ MORE

Major bank ‘highly dependent’ on brokers, says CEO

by Charbel Kadib • 1 Nov 2018

A big four bank has noted the “valuable” contribution that brokers have played in its mortgage growth and has... READ MORE

purple circle financial services coins mortgage aggregator increase settlement

Aggregator triples loan volumes

by Reporter • 1 Nov 2018

A mortgage aggregator has announced that it has increased its settlement volumes by 230 per cent in the past 12... READ MORE

BDM leaves bank to set up brand coaching business

by Reporter • 1 Nov 2018

Suncorp’s Perth business development manager, Dino Pacella, is to leave the bank next week to set up his own brand... READ MORE

CBA appoints CEO of new ‘demerged’ broking business

by Annie Kane • 31 Oct 2018

The Commonwealth Bank of Australia has announced today that it has appointed a CEO and CFO for its “demerged”... READ MORE

Greens call for ownership reform in broking industry

by Charbel Kadib • 31 Oct 2018

Broking institutions should be “separately owned” from the institutions that “originate the products they sell”... READ MORE

Banks quitting reverse mortgages ‘spells opportunity’ for brokers

by Tas Bindi • 31 Oct 2018

The major banks’ withdrawal from the reverse mortgage market “spells opportunity” for brokers, the FBAA’s... READ MORE

No tech substitute for the ‘human touch’

by Reporter • 31 Oct 2018

The financial services sector should continue prioritising face-to-face human interaction when assisting clients,... READ MORE

Financial services firms urged to improve ethical frameworks

by Tas Bindi • 31 Oct 2018

Financial services entities should assess the ethical frameworks underpinning their governance models, the Governance... READ MORE

No trail should mean no clawbacks, says brokerage CEO

by Charbel Kadib • 30 Oct 2018

Commission clawbacks should be removed if regulators decide to ban trail commission, the CEO of a major brokerage has... READ MORE

Brokers well placed to advise upcoming ‘surge’ of FHBs

by Annie Kane • 30 Oct 2018

Mortgage brokers are well placed to help the upcoming “surge” of first home buyers make “better decisions” on... READ MORE

FHBs an outlier amid lending slump

by Charbel Kadib • 30 Oct 2018

Lending volumes are in a “holding pattern”, with first home buyers the only borrower segment to report a rise over... READ MORE

Mutual bank boosts focus on broker channel

by Reporter • 30 Oct 2018

Australian Unity has established a national third-party sales team and adopted technology to better service the broker... READ MORE

‘Corporate cop’ commences policing of CBA

by Charbel Kadib • 29 Oct 2018

An ASIC officer has begun monitoring the Commonwealth Bank’s governance and compliance processes, with the regulator... READ MORE

Arrears drop but still ‘noticeably’ high

by Reporter • 29 Oct 2018

Home loan delinquencies fell in August but are 23 basis points higher than the monthly average, according to Standard... READ MORE

Breaking News

Westpac to roll out digital mortgage process to brokers