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ASIC focusing on loan fraud within banks
by Annie Kane • 22 Oct 2018
The Australian Securities and Investments Commission has said that while the banks’ loan assessment processes have... READ MORE
new head of real estate

CoreLogic names new head of real estate
by Reporter • 22 Oct 2018
The property data analytics provider announced that its group sales director, Geoff White, has been appointed as... READ MORE
Protecting people

Major bank CEO defends brokers
by Charbel Kadib • 22 Oct 2018
Shutting down the broking industry would be “extreme” and would have a “dramatic” impact on the Australian... READ MORE
Glenn Gibson

ING appoints new head of third party
by Annie Kane • 19 Oct 2018
ING has announced that it has appointed a new head of third-party distribution and direct mortgages. READ MORE
School financial literacy program

Regulator reviews school financial literacy programs
by Annie Kane • 19 Oct 2018
The corporate regulator is set to review financial literacy and banking programs in primary schools to assess the... READ MORE

YBR takeover offer to expire today
by Annie Kane • 19 Oct 2018
Mercantile OFM’s off-market offer to acquire all of the ordinary shares in Yellow Brick Road will expire today, with... READ MORE
Australian dollars and piggy bank

Brokers lament ‘patronising’ serviceability changes
by Reporter • 19 Oct 2018
The introduction of tighter serviceability measures has surprised most brokers who have always exercised due diligence... READ MORE
Charged with criminal offence, handcuffs

Former credit union CEO charged with criminal offence
by Reporter • 19 Oct 2018
The former CEO of a credit union could face up to five years’ imprisonment after being charged with a criminal... READ MORE

AFCA unveils new strategy
by Annie Kane • 18 Oct 2018
The Australian Financial Complaints Authority has revealed its strategy, goals and vision, outlining that it will... READ MORE
Thumbs up

Market share rise proof that ‘commissions work’, says non-bank
by Charbel Kadib • 18 Oct 2018
The continued growth in broker market share proves that the current arrangements in the broking model are working, the... READ MORE
Business consultancy

Former broker head launches business consultancy
by Annie Kane • 17 Oct 2018
The former head of broker distribution at Heritage Bank has opened a new business coaching and consultancy practice for... READ MORE
Red whistle

Removing trail would turn brokers into ‘hunters, not farmers’
by Charbel Kadib • 17 Oct 2018
The chairman of a major broking franchise has advised against changes to broker remuneration, stating that there is... READ MORE
mortgage application loan

Bank prohibits brokers from self-submitting loans for personal use
by Reporter • 17 Oct 2018
Teachers Mutual Bank has become the latest lender to prevent brokers from submitting their own personal mortgage... READ MORE

Affordability beginning to recover, new data shows
by Tim Neary • 17 Oct 2018
The HIA Affordability Index has shown a rising improvement in housing affordability in Australia, with its index rising... READ MORE

International Mortgage Brokers Federation launches
by Annie Kane • 16 Oct 2018
A new cross-border broker association has launched as the FBAA forms the “world-first international federation for... READ MORE
Appointment of new CFO

Mortgage Choice appoints new CFO
by Charbel Kadib • 16 Oct 2018
The broking franchise has announced the appointment of a new chief financial officer. READ MORE
borrower interview guide

AMP rolls out borrower interview guide
by Annie Kane • 16 Oct 2018
The wealth giant has joined the ranks of the big four banks by requiring brokers to adopt a borrower interview guide... READ MORE
digital banking atlernative

New digital ‘banking alternative’ launches
by Reporter • 16 Oct 2018
A new digital platform, run in partnership with Bendigo and Adelaide Bank, has launched to give Australians a... READ MORE
Shayne Elliott

ANZ CEO chimes in on broker debate
by Charbel Kadib • 15 Oct 2018
ANZ CEO Shayne Elliott has responded to calls for broking reform during a parliamentary committee hearing in Canberra. READ MORE
Sam White, Loan Market

Brokers on a ‘one-way ticket’ to 60–70% market share
by Charbel Kadib • 15 Oct 2018
The head of a major aggregator is confident that the broking industry will further capitalise on the growing distrust... READ MORE
Home loan application

Home loan approvals continue slipping
by Reporter • 15 Oct 2018
Mortgage approvals fell by 2.7 per cent in August, this time driven by a decline in owner-occupied home loan approvals... READ MORE
cba mobile lender trial gavel loan fraud conspiracy

Former CBA mobile lender to stand trial for loan fraud conspiracy
by Annie Kane • 12 Oct 2018
A former mobile lender for the Commonwealth Bank of Australia is to stand trial for conspiracy to defraud the bank,... READ MORE
Mortgage property with contract

Brokers will need to become ‘mortgage advisers’: Fintech head
by Annie Kane • 12 Oct 2018
Mortgage brokers will need to move to become “mortgage advisers” or risk being left behind, the head of an... READ MORE
Westpac building

‘Tricky’ broker model ‘mostly works well’: Westpac CEO
by Charbel Kadib • 12 Oct 2018
Westpac CEO Brian Hartzer has highlighted the importance of the current broking model, despite stating that a... READ MORE
economic growth financial services

Trust in financial services crucial to economic growth
by Eliot Hastie • 12 Oct 2018
Australia’s economic growth will suffer if trust is not rebuilt in the financial services industry, according to CFA... READ MORE