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nab building change to mortgage broker commission calculations

Major bank changes broker commissions
by Reporter • 11 Sep 2018
A big four bank has announced changes to how mortgage broker commissions are calculated, in line with recommendations... READ MORE
sanctions, code of conduct, breaches

CIF considering sanctions for breaches of mortgage industry code
by Tas Bindi • 11 Sep 2018
The Combined Industry Forum is mulling over the sanctions that could be introduced in the event that brokers are found... READ MORE
ASX board

Mortgage Choice to be removed from ASX 300 list
by Reporter • 11 Sep 2018
The broking franchise is set to be removed from the ASX 300 list due to the company "no longer meeting criteria for... READ MORE
NAB, breaking apart

Opinion: Is NAB breaking up with the majors again?
by Reporter • 11 Sep 2018
NAB’s decision to break from the pack and hold its variable interest rates steady echoes its 2011 marketing strategy... READ MORE
Partnership, handshake, brokerage

Lender announces partnership with brokerage
by Reporter • 11 Sep 2018
A bank has announced that it has expanded its third-party distribution network by partnering with a broking franchise. READ MORE
hike rates

Majors accused of ‘anti-competitive’ behaviour
by Reporter • 10 Sep 2018
The industry has responded to the “surprising” out-of-cycle interest rate hikes from three of the big four banks,... READ MORE
Asia, Hongkong, brokers

The Adviser Study Tour to reveal secrets of Asia’s dominant brokers
by Reporter • 7 Sep 2018
In October, a group of Australian mortgage and finance brokers will visit Hong Kong to gain a rare insight into how... READ MORE
Handshake, merger, shareholders

Bank-aggregator merger gets thumbs up from shareholders
by Tas Bindi • 7 Sep 2018
The merger between a Western Australian bank and a mortgage aggregator has received the greenlight from shareholders. READ MORE
Loan terms, fintech lender

Fintech lender changes ‘unfair’ loan terms
by Reporter • 7 Sep 2018
Small business lender Prospa has changed its loan terms in its standard form small business loan contract to address... READ MORE
sharp fall, arrow down

Broker ‘misstatements’ drop but still ‘concerning’: UBS
by Reporter • 7 Sep 2018
A substantial reduction in reported “misstatements” was primarily due to a “material improvement” in the... READ MORE
hike rates, increase, arrow up

Three of the big four banks hike rates
by Reporter • 7 Sep 2018
As CBA and ANZ both follow Westpac’s lead by raising interest rates out of cycle, all eyes are on NAB to see if it... READ MORE
Nancy Youssef

Why this broker took the leap into mentoring
by Reporter • 7 Sep 2018
Nancy Youssef reveals how the challenges she experienced as a new broker inspired her to start her own mentoring... READ MORE
NAB, investment loans, home loans

Investment loans less concerning than home loans: NAB
by Reporter • 7 Sep 2018
While consumer anxiety had risen “sharply” in the second quarter of 2018 overall, repaying investment loans has... READ MORE
Mortgage, finance industry

‘Customer first duty’ could be extended to all in finance industry
by Reporter • 6 Sep 2018
EXCLUSIVE: The Combined Industry Forum’s proposed “customer first duty”, which will form part of its good... READ MORE
Lending reform, ASIC

ASIC prescribes new responsible lending reform
by Reporter • 6 Sep 2018
The corporate regulator is set to introduce a new responsible lending provision, set to come into effect on 1 January... READ MORE
Fintech tool, broker efficiency

New tool to reduce risk and boost compliance efficiency
by Reporter • 6 Sep 2018
A leading technology provider has developed a standardised compliance tool, which aims to provide a consistent process... READ MORE
On the air, live, radio campaign

Campaign launched to ‘hero the mortgage broker’
by Reporter • 6 Sep 2018
A new radio campaign targeted at first home buyers, owner-occupiers and families has been launched to champion the... READ MORE
reject, inadequate, YBR

YBR rues ‘grossly inadequate’ takeover bid
by Reporter • 5 Sep 2018
Yellow Brick Road has issued a new plea to its shareholders, urging them to reject an off-market takeover bid from a... READ MORE
Money, cash, Australian dollars

Bank to raise $20m as it prepares to merge with aggregator
by Tas Bindi • 5 Sep 2018
A Western Australian bank has announced being on track to raise $20 million from a consortium of local and... READ MORE
RBA rate, money, cash, Australian dollars

RBA rate cut on the cards, says broker head
by Reporter • 5 Sep 2018
The managing director of a broking group has said that he believes a future cash rate drop from the Reserve Bank is... READ MORE
RBA

RBA unveils September cash rate verdict
by • 4 Sep 2018
The Reserve Bank of Australia has announced its monthly verdict on official interest rates, amid a backdrop of some... READ MORE
josh frydenberg federal treasurer appointment portfolio

Treasurer reveals who will take over financial services portfolio
by Reporter • 4 Sep 2018
Australia’s new federal Treasurer has revealed who will be responsible for legislation pertaining to financial... READ MORE
housing slump, Sydney, Melbourne

Housing slump could last 2 years
by Lucy Dean • 4 Sep 2018
Sydney and Melbourne’s housing slump could continue for up to two years, economists have predicted. READ MORE
Mortgage, mortgagors, brokers, HashChing

Over 25% of mortgagors wouldn’t qualify today: HashChing
by Reporter • 4 Sep 2018
More than a quarter of mortgagors who secured a home loan last year would not be successful today, according to four in... READ MORE
construction loan offerings, reject, reduce, will not accept

Lenders reduce construction offerings
by Reporter • 4 Sep 2018
Pepper Money and Homeloans Limited have made changes to their construction loan offerings, with both lenders stating... READ MORE