Mortgage and Finance Brokers Breaking News - The Adviser

YBR takeover offer to expire today

by Annie Kane • 19 Oct 2018

Mercantile OFM’s off-market offer to acquire all of the ordinary shares in Yellow Brick Road will expire today, with... READ MORE

Brokers lament ‘patronising’ serviceability changes

by Reporter • 19 Oct 2018

The introduction of tighter serviceability measures has surprised most brokers who have always exercised due diligence... READ MORE

Charged with criminal offence, handcuffs

Former credit union CEO charged with criminal offence

by Reporter • 19 Oct 2018

The former CEO of a credit union could face up to five years’ imprisonment after being charged with a criminal... READ MORE

AFCA unveils new strategy

by Annie Kane • 18 Oct 2018

The Australian Financial Complaints Authority has revealed its strategy, goals and vision, outlining that it will... READ MORE

Market share rise proof that ‘commissions work’, says non-bank

by Charbel Kadib • 18 Oct 2018

The continued growth in broker market share proves that the current arrangements in the broking model are working, the... READ MORE

Former broker head launches business consultancy

by Annie Kane • 17 Oct 2018

The former head of broker distribution at Heritage Bank has opened a new business coaching and consultancy practice for... READ MORE

Removing trail would turn brokers into ‘hunters, not farmers’

by Charbel Kadib • 17 Oct 2018

The chairman of a major broking franchise has advised against changes to broker remuneration, stating that there is... READ MORE

Bank prohibits brokers from self-submitting loans for personal use

by Reporter • 17 Oct 2018

Teachers Mutual Bank has become the latest lender to prevent brokers from submitting their own personal mortgage... READ MORE

Affordability beginning to recover, new data shows

by Tim Neary • 17 Oct 2018

The HIA Affordability Index has shown a rising improvement in housing affordability in Australia, with its index rising... READ MORE

International Mortgage Brokers Federation launches

by Annie Kane • 16 Oct 2018

A new cross-border broker association has launched as the FBAA forms the “world-first international federation for... READ MORE

Mortgage Choice appoints new CFO

by Charbel Kadib • 16 Oct 2018

The broking franchise has announced the appointment of a new chief financial officer. READ MORE

AMP rolls out borrower interview guide

by Annie Kane • 16 Oct 2018

The wealth giant has joined the ranks of the big four banks by requiring brokers to adopt a borrower interview guide... READ MORE

New digital ‘banking alternative’ launches

by Reporter • 16 Oct 2018

A new digital platform, run in partnership with Bendigo and Adelaide Bank, has launched to give Australians a... READ MORE

ANZ CEO chimes in on broker debate

by Charbel Kadib • 15 Oct 2018

ANZ CEO Shayne Elliott has responded to calls for broking reform during a parliamentary committee hearing in Canberra. READ MORE

Brokers on a ‘one-way ticket’ to 60–70% market share

by Charbel Kadib • 15 Oct 2018

The head of a major aggregator is confident that the broking industry will further capitalise on the growing distrust... READ MORE

Home loan approvals continue slipping

by Reporter • 15 Oct 2018

Mortgage approvals fell by 2.7 per cent in August, this time driven by a decline in owner-occupied home loan approvals... READ MORE

cba mobile lender trial gavel loan fraud conspiracy

Former CBA mobile lender to stand trial for loan fraud conspiracy

by Annie Kane • 12 Oct 2018

A former mobile lender for the Commonwealth Bank of Australia is to stand trial for conspiracy to defraud the bank,... READ MORE

Brokers will need to become ‘mortgage advisers’: Fintech head

by Annie Kane • 12 Oct 2018

Mortgage brokers will need to move to become “mortgage advisers” or risk being left behind, the head of an... READ MORE

‘Tricky’ broker model ‘mostly works well’: Westpac CEO

by Charbel Kadib • 12 Oct 2018

Westpac CEO Brian Hartzer has highlighted the importance of the current broking model, despite stating that a... READ MORE

Trust in financial services crucial to economic growth

by Eliot Hastie • 12 Oct 2018

Australia’s economic growth will suffer if trust is not rebuilt in the financial services industry, according to CFA... READ MORE

Former Vow Financial CFO joins tech solutions firm

by Reporter • 12 Oct 2018

A technology solutions firm has appointed the former CFO of Vow Financial to its executive team. READ MORE

Human oversight needed over data analytics

by Annie Kane • 11 Oct 2018

Big data and analytics are a key part of the current and future success of businesses, but human oversight is still... READ MORE

Reviewing a document using a magnifying glass

Brokers encouraged to review professional indemnity cover

by Reporter • 11 Oct 2018

The Finance Brokers Association of Australia has urged brokers to review their professional indemnity (PI) insurance as... READ MORE

Aggregator launches new commission management platform

by Annie Kane • 10 Oct 2018

Custom Equity Group has launched a new cloud-based commissions and portfolio management platform to help boost broker... READ MORE