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Breaking News
Prospa still ‘evaluating’ when to float
by Annie Kane • 31 Jan 2019
The SME lender has said that while it is well capitalised, it will “keep evaluating” timings regarding a potential...
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Major bank identifies growth suburbs
by Reporter • 31 Jan 2019
A big four bank has released its residential property report for the final quarter of 2018 and has identified a number...
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Flat-fee would ‘hand power back to the big four’
by Reporter • 30 Jan 2019
The heads of an industry association and a major aggregator have renewed their opposition to a “flat-fee” model,...
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SME lender backs ‘invaluable’ brokers
by Annie Kane • 30 Jan 2019
Prospa has said brokers are “invaluable” to its business and SMEs, with its co-founder and co-CEO saying he would...
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Mortgage delinquencies drop despite rate rises
by Reporter • 30 Jan 2019
Arrears underlying Australia’s residential mortgages declined in November, despite mounting interest rate pressures.
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‘Front-book focus’ sparking demand for refinancing
by Reporter • 30 Jan 2019
Almost 30 per cent of borrowers are looking to refinance their mortgage in the coming year, with customers left “in...
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Royal commission report to be released on Monday
by Annie Kane • 29 Jan 2019
The final report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services...
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Loan Market adopts ‘whistleblower’ platform for brokers
by Charbel Kadib • 29 Jan 2019
The major brokerage has announced the introduction of a new whistleblower protection platform ahead of the federal...
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Fixed rate demand jumps as variable rates rise
by Charbel Kadib • 29 Jan 2019
A rise in demand for fixed rate home loans has coincided with out-of-cycle variable rate hikes from lenders,with NAB...
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Non-major focused on improving broker interactions
by Ezekiel MacNevin • 29 Jan 2019
Suncorp has told brokers it is “absolutely committed” to becoming easier to do business with and improving broker...
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Top tips for new brokers
by Reporter • 29 Jan 2019
A Newcastle-based mortgage broker has offered tips for new and aspiring brokers looking to thrive in the mortgage...
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Brokers send record volume of loans to non-majors
by Annie Kane • 25 Jan 2019
Brokers are increasingly turning away from the major banks, new aggregator data shows, with a record proportion of...
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Lenders ‘poaching’ refinancers as competition intensifies
by Charbel Kadib • 25 Jan 2019
Refinancing applications are set to continue rising, with lenders increasingly targeting existing clients from...
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Sydney downturn ‘sharpest in over two decades’
by Charbel Kadib • 25 Jan 2019
House prices in Sydney have slumped 11.4 per cent since their peak, according to a Domain analysis, with a “deeper”...
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Asset finance group expands into energy finance
by Annie Kane • 25 Jan 2019
Platform Finance has announced the launch of a new specialist energy division for commercial transactions.
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RC report release will ‘take into account’ market sensitivity
by Annie Kane • 24 Jan 2019
The final report from the financial services royal commission could be released later than expected, after Treasurer...
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Call for cool heads as RC report looms
by Charbel Kadib • 24 Jan 2019
Brokers have been urged to remain calm following the release of the financial services royal commission’s final...
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Challenger banks look to ‘a new era in banking’
by Annie Kane • 24 Jan 2019
Following the news that Volt Bank has become the first Australian bank to transition from a restricted licence to a...
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FHBs would ‘bear the brunt’ of housing reforms
by Reporter • 24 Jan 2019
The federal Labor opposition’s proposed changes to negative gearing would lock first home buyers out of new homes,...
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New bank to roll out mortgages through broker channel
by Annie Kane • 23 Jan 2019
Volt Bank has been granted a full banking licence from the prudential regulator and will begin rolling out home loans...
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Complex credit space heightening broker favourability
by Charbel Kadib • 23 Jan 2019
Record-breaking growth in broker market share has been driven by a renewed appreciation of the services offered by...
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FBAA head to lead charity on relief mission
by Charbel Kadib • 23 Jan 2019
Managing director of the FBAA Peter White is on a mission to provide parents and carers of special needs children...
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Loan approvals fall across the board
by Reporter • 23 Jan 2019
Finance approvals have dropped across all segments of the lending environment, according to new data from the ABS.
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Will common sense prevail in Hayne’s final report?
by James Mitchell • 22 Jan 2019
OPINION: As industry professionals return to work, many will be reflecting on a tumultuous 2018 and asking themselves...
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Lender cuts buffer rate but tightens expense checks
by Charbel Kadib • 22 Jan 2019
A West Australia-based lender has announced changes to its home loan assessment policy following a review of its credit...
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