Breaking News
Bank adjusts credit policy for bridging loans
by Reporter • 14 Feb 2019
A non-major lender has announced changes to its credit policy for bridging loan applications.
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Better Choice announces new products
by Ezekiel MacNevin • 14 Feb 2019
A mortgage manager has announced the addition of new loan products to its suite of offerings.
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Netherlands model was ‘a failure’: Sam White
by Annie Kane • 13 Feb 2019
The head of the major brokerage has disputed Commissioner Hayne’s suggestion that the Netherlands consumer-pays model... READ MORE
Fee-for-service to ‘significantly reduce’ competition: AMP
by Tas Bindi • 13 Feb 2019
A chief economist has conceded that a consumer-pays remuneration model is likely to have a significant adverse impact... READ MORE
RC commentary has ‘missed’ key aspect of broker role
by Reporter • 13 Feb 2019
The CEO of a major aggregator has said that the commentary around the value of brokers has “missed” an “important... READ MORE
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
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
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
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
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
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
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
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
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
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
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 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