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money, cash, broker commissions, fintech, Australian dollars, broking industry, Adelaide-based online home loan platform Joust

$2bn of broker commissions in fintech’s crosshairs
by Reporter • 18 Jul 2018
An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to... READ MORE
red tape, broking industry, paralysing industry, royal commission

RC inquiry paralysing the broking industry
by Reporter • 18 Jul 2018
According to a Victoria-based mortgage broker, the financial services royal commission has thwarted his plans to... READ MORE
cba roy morgan dominate financial advice

CBA dominates advice: Roy Morgan
by James Mitchell • 18 Jul 2018
Fresh research from Roy Morgan has found that CBA is the most used bank by Australians who seek out the services of a... READ MORE
new head of mortgage distribution, handshake, appointment, AFM, Troy McLachlan

AFM appoints new head of mortgage distribution
by Reporter • 17 Jul 2018
The mortgage manager has announced that it has appointed a former Future Financial and Better Choice Home... READ MORE
Ian Rakhit

Bankwest focuses on broker training amid accreditation changes
by Reporter • 17 Jul 2018
Bankwest’s general manager of third party has said that the bank is putting “extra assets” into training of... READ MORE
Handshake, appointment, Liberal senator Nick Minchin

Former Liberal staffer to replace Harris as PC chair
by Tas Bindi • 17 Jul 2018
The government has announced that Productivity Commission chair Peter Harris will not renew his contract in September... READ MORE
ING, personal loan, piggy bank, money, cash, Australian dollars,

ING enters personal loan space
by Reporter • 16 Jul 2018
The non-major lender has entered the personal loan space in Australia for the first time, rolling out an unsecured,... READ MORE
increase in interest rates, fixed rates, increased market pressure, variable interest rates, rate changes, Teachers Mutual Bank, UniBank and Firefighters Mutual Bank

TMB raises fixed rates amid ‘market pressures’
by Reporter • 16 Jul 2018
Teachers Mutual Bank has announced rate changes to selected fixed rate home loan products across all of its brands, as... READ MORE

Bank announces broker accreditation changes
by Reporter • 16 Jul 2018
A subsidiary of a major lender has announced changes to its accreditation requirements for new brokers, which it has... READ MORE

Brokerage CEO slams RC and PC inquiries
by Reporter • 16 Jul 2018
The CEO of a major brokerage is “disturbed” by the lack of “research” undertaken by the financial services... READ MORE
myth, caution

FBAA calls out media ‘myths’ on broking
by Reporter • 13 Jul 2018
The Finance Brokers Association of Australia has urged brokers to warn borrowers about “DIY home loans” and... READ MORE
variable interest rates, Bendigo bank, hike rates

Bendigo Bank becomes latest lender to hike rates
by Reporter • 13 Jul 2018
Bendigo Bank has announced that it will increase its variable interest rates on mortgages from 23 July, becoming the... READ MORE
commonwealth bank cba crack down on expenses updated loan application form

CBA cracks down on expenses in updated form
by Tas Bindi • 13 Jul 2018
The major bank will be looking closer at living expenses on loan applications and will require brokers to collect more... READ MORE
Mortgage Choice $30m, cash, dollars, Australian dollar, money

Remuneration reform to cost Mortgage Choice $30m
by Reporter • 13 Jul 2018
An increase in the share of trail commission paid to its brokers is expected to cost Mortgage Choice approximately $30... READ MORE
customer acquisition, brokers

A third of brokers need help with customer acquisition: Pepper
by Reporter • 13 Jul 2018
One in three brokers need assistance with attracting new customers, according to the non-bank lender’s research. READ MORE
Arrow down, fixed rate mortgages, drop

Fixed rate demand drops to 21-month low
by Reporter • 12 Jul 2018
Demand for fixed rate mortgages has fallen to a 21-month low, new ABS data has revealed. READ MORE

AMP Bank increases variable rates
by Reporter • 12 Jul 2018
The financial services company has become the latest lender to announce out-of-cycle rate hikes as a result of rising... READ MORE
Mortgage Choice

Mortgage Choice introduces new broker remuneration model
by James Mitchell • 12 Jul 2018
A major brokerage has today announced the introduction of a unique hybrid trail commission structure based on best... READ MORE
brokers, lenders, borrowers

IO borrowers increasingly turning to friends for finance
by Reporter • 12 Jul 2018
Interest-only mortgagors are generally wealthier and have a higher risk appetite than other mortgagors, but they are... READ MORE
Aussie Home Loans

Aussie on recruitment drive following ‘incredibly solid’ FY18
by Reporter • 12 Jul 2018
Aussie Home Loans, the brokerage arm of the new CFS Group, has launched a new recruitment drive off the back of a... READ MORE

Former major bank manager banned for fraud
by Reporter • 11 Jul 2018
ASIC has banned a former branch manager of a big four bank from engaging in credit activities and providing financial... READ MORE
Quit, mental health environment

Nearly half of industry quit due to poor mental health environment
by Reporter • 11 Jul 2018
A “poor mental health environment” has been cited by 44 per cent of financial services employees that have quit a... READ MORE

‘Impractical’ credit rules could victimise borrowers
by James Mitchell • 11 Jul 2018
A leading mortgage broker has warned that the increasingly impractical nature of bank credit decisions could be... READ MORE
broking beacon man silhoutte cityscape financial service providers

Broking profession a career ‘beacon’
by Reporter • 11 Jul 2018
Broking continues to be a “beacon” for those seeking a career change as well as for accountants and other financial... READ MORE
24-hour mortgage approvals

Regional bank offering 24-hour mortgage approvals
by Reporter • 10 Jul 2018
Heritage Bank has announced a new initiative aimed at speeding up the mortgage approvals process for... READ MORE