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Breaking News
Alt-broker prepared for trail axing
by Reporter • 28 Aug 2018
The founder of an alternative mortgage broking platform has slammed calls for the removal of trail, but is prepared to...
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AFCA responds to EDR membership concerns
by Tas Bindi • 27 Aug 2018
The Australian Financial Complaints Authority (AFCA) has responded to confusion around the ability of new-to-industry...
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CEO warns against ‘dangerous’, ‘knee-jerk’ broking reform
by Reporter • 27 Aug 2018
The head of a major broking group has joined fellow industry leaders in calling for a considered approach to reform,...
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Non-bank lender reports 60% profit increase in FY18
by Reporter • 27 Aug 2018
Homeloans Ltd has reported a 60.1 per cent increase in statutory net profit after tax in the 2018 financial year,...
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New PM appointed to replace Turnbull
by Reporter • 24 Aug 2018
Malcolm Turnbull has been deposed by the Liberal Party, with a new Prime Minister set to assume office.
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New brokers ‘locked out’ under EDR confusion
by Reporter • 24 Aug 2018
EXCLUSIVE: Concerns have been raised that new-to-industry brokers are being left in limbo and unable to write business...
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Former Homeloans chairman to step down from board
by Reporter • 24 Aug 2018
The non-bank lender has announced that its former chairman has stepped down its board, set to come into effect...
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New marketplace aims to help borrowers determine realistic rates
by Reporter • 24 Aug 2018
A financial services comparison site has announced the launch of a new marketplace aimed at helping borrowers find out...
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Perth sees rise in million-dollar houses
by Reporter • 24 Aug 2018
Data from the Real Estate Institute of Western Australia (REIWA) shows that there has been a steady increase in the...
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What the broker of the future could look like
by Reporter • 23 Aug 2018
Brokers should be “thinking of ways of working smarter, not necessarily harder”, a veteran broker has suggested,...
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Opinion: What will happen to YBR?
by James Mitchell • 23 Aug 2018
Following Mercantile OFM’s low-ball takeover bid for Yellow Brick Road, we consider what the future holds for the...
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Mortgage Choice at the ‘crossroads’ but ‘not in turmoil’:...
by Reporter • 23 Aug 2018
The major brokerage is entering a decisive period as it “resets” its business model in a “rapidly changing...
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25 bps rate hikes ‘could become a way of life’
by Reporter • 23 Aug 2018
Large mortgage rate increases, such as CUA’s recent 25 basis point hike, could become a “way of life” when the...
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Brokerage CEO ‘encouraged’ by PC report
by Reporter • 22 Aug 2018
The head of a major brokerage is “encouraged” by the revisions made in the Productivity Commission’s final report...
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Former MFAA head slams call to remove trail
by Reporter • 22 Aug 2018
We need to “heed the lessons” from the United States, Canada, the United Kingdom and New Zealand before attempting...
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Marketplace lender looks to expand into broker channel
by Reporter • 22 Aug 2018
Personal loan fintech SocietyOne is looking to strengthen its relationship with the broker channel, in a bid to see up...
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‘No strong case’ for adjustment to monetary policy
by Reporter • 22 Aug 2018
The board of the Reserve Bank of Australia has said that there is no “strong case” for a near-term adjustment in...
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Planners ‘warmly welcome’ PC call to broaden credit advice
by Reporter • 21 Aug 2018
A financial planning industry association has “warmly welcomed” the Productivity Commission’s recommendation to...
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Mercantile offers YBR takeover deal
by Reporter • 20 Aug 2018
An investment company has offered Yellow Brick Road an off-market takeover bid to acquire all of the ordinary shares in...
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Board changes for mortgage insurer
by Reporter • 20 Aug 2018
Genworth has announced that two of its board members are to retire at the end of the month, with a former GM of MLC and...
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Brokerage launches pathway program for senior students
by Reporter • 20 Aug 2018
Senior high school students who wish to develop their financial skills will be offered internships as part of a pathway...
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Strong broking industry ‘fundamental’ to competition: Bank CEO
by Reporter • 20 Aug 2018
A strong mortgage broking industry is “incredibly critical” to the Australian public, the economy and competition...
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Bouris calls for voice-activated recording app for brokers
by Tas Bindi • 20 Aug 2018
A new voice-activated app enabling brokers to record and store conversations with clients should be developed to help...
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Brokers should focus on advice, not admin: HashChing
by Tas Bindi • 20 Aug 2018
Brokers should remember that advice is their “key currency” and should reduce time spent on low-value...
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Tightening of credit ‘not an overreaction’: RBA
by Reporter • 17 Aug 2018
The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit,...
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