Breaking News
RBA reveals cash rate verdict
by Charbel Kadib • 5 Feb 2019
The central bank has determined the cash rate for February, following its monthly board meeting.
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Association heads slam ‘damaging’ RC final report
by Annie Kane • 5 Feb 2019
The heads of two broking associations have hit out at the final report from the financial services royal commission,... READ MORE
Treasury: Trail to be banned next year
by Annie Kane • 5 Feb 2019
Updated: Government will look to ban trail commissions in the broking industry for new loans from 1 July 2020 with a... READ MORE
Market pundits predict looming rate cut
by Reporter • 5 Feb 2019
While the majority of industry expect today’s RBA meeting to result in the cash rate being held at its record low... READ MORE
Resimac standardises commission structure
by Reporter • 5 Feb 2019
The non-bank lender has announced changes to its commission structure, including the standardisation of the upfront and... READ MORE
Final banking royal commission report released
by Annie Kane • 4 Feb 2019
The final report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE
VIDEO: A message to brokers after the royal commission
by Alex Whitlock • 4 Feb 2019
Momentum Media director Alex Whitlock speaks out on the royal commission findings and urges brokers to focus on their... READ MORE
Final royal commission report to be released this afternoon
by Annie Kane • 4 Feb 2019
Commissioner Kenneth Hayne submitted his final report to the Governor-General on Friday, with the government response... READ MORE
Banks send open letter to politicians
by Charbel Kadib • 4 Feb 2019
Policymakers have been urged to consider the broader ramifications of recommendations proposed by the financial... READ MORE
Bank announces 18 bps rate rise
by Charbel Kadib • 1 Feb 2019
The second wave of out-of-cycle rate hikes has continued, with a non-major lender lifting its mortgage rates by up to... READ MORE
REVEALED: What consumers think of broker remuneration
by Annie Kane • 1 Feb 2019
The impact of a consumer pays model on the broking industry has been quantified in an industry-first report,... READ MORE
Insurance group to roll out broker advocacy campaign
by Ezekiel MacNevin • 1 Feb 2019
Mortgage and loan protection group ALI insurance will roll out a new marketing campaign aimed at promoting the... READ MORE
Borrowers more satisfied with brokers
by Annie Kane • 31 Jan 2019
The vast majority of mortgage customers are more satisfied with their mortgage experience when they use a broker over a... READ MORE
Non-bank appoints new GM
by Charbel Kadib • 31 Jan 2019
A non-bank lender has appointed its head of mortgage distribution as its new general manager.
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Banks buck trend and cut rates
by Charbel Kadib • 31 Jan 2019
Three non-major lenders have announced reductions to their mortgage rates of up to 32 basis points, despite... READ MORE
Lender restructures third-party team
by Reporter • 31 Jan 2019
A Western Australia-based lender has announced changes to its business development team to strengthen its appeal to the... READ MORE
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... READ MORE
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... READ MORE
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,... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE
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... READ MORE