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broker businessman and businesswoman talking brokers charge clawback clauses

Borrowers wouldn’t use brokers who charge clawbacks: Survey

by Tas Bindi • 30 Jul 2018
Nearly 80 per cent of mortgagors would be put off using a broker that charged a clawback fee, with just as many not... READ MORE
Puzzle piece

Brokerage completes management buyout
by Reporter • 30 Jul 2018
A South Australia-based mortgage brokerage has re-branded after its management assumed a controlling stake in the... READ MORE
interest, money, cash, Australian dollar

Best interests duty needs ‘careful consideration’: Treasury
by Reporter • 30 Jul 2018
Treasury has said that while there may be an “in-principle case” for introducing a duty for brokers to act in the... READ MORE
Westpac

Westpac to fast-track remuneration reform ahead of RC report
by Tas Bindi • 30 Jul 2018
The major bank has pledged to fast-track the process of implementing recommendations from the Sedgwick review published... READ MORE

Bank withdraws 2 BDMs due to ‘soft market conditions’
by Reporter • 27 Jul 2018
A non-major lender has announced that it will be withdrawing business development managers from two states, citing... READ MORE
Money, treasury

Treasury releases its thoughts on broker remuneration
by Reporter • 27 Jul 2018
Treasury — in its most comprehensive outline of its thoughts on broker remuneration since ASIC’s remuneration... READ MORE
delayed until 2019, time, sand timer

Response on broker remuneration could be delayed until 2019
by Reporter • 27 Jul 2018
The head of the FBAA has suggested that the government response to ASIC’s 2017 review of broker remuneration could be... READ MORE
Bankwest

Bankwest launches auto-valuation functionality for brokers
by Tas Bindi • 27 Jul 2018
The lender has announced the addition of a new functionality that will allow brokers to request upfront auto-valuations... READ MORE
Macquarie

Macquarie expands mortgage book by $1.6bn
by Reporter • 26 Jul 2018
The group’s retail banking division has reported a quarterly rise of 5 per cent in its mortgage portfolio, with... READ MORE
referree holding red card penalty westpac banker permanently banned mortgage fraud

Former Westpac banker permanently banned for mortgage fraud
by Reporter • 26 Jul 2018
ASIC has permanently banned a former Westpac banker from engaging in credit activities, after finding that he had... READ MORE
businessman running jumping hurdles obstacles brokers v branches broker channel

Brokers v branches: The competitive utility of the broker channel
by Reporter • 26 Jul 2018
ANALYSIS: Mortgage brokers are challenging the oligopoly in the banking sector, giving smaller lenders with little or... READ MORE
customer service, customer sentiment

Industry falling behind on measuring customer sentiment
by Reporter • 26 Jul 2018
Just a fifth of Australian financial services businesses are measuring customer sentiment on social media, according... READ MORE
Generation Z

Businesses urged to ‘embrace’ Gen Z values to survive
by Reporter • 26 Jul 2018
The financial services industry should be cognisant of Generation Z’s shifting values and place a greater emphasis on... READ MORE

Ensurance to sell brokerage to former directors
by Reporter • 25 Jul 2018
The insurance company has entered into a multimillion-dollar share sale agreement that will see it dispose of all its... READ MORE
row of houses yellow house red house house prices fall 15 per cent by 2020

House prices to fall by 15% by 2020
by Tas Bindi • 25 Jul 2018
House prices in Australia will continue their downward trend for at least another two years, economists surveyed by... READ MORE

CBA’s head of broker becomes CEO of Smartline
by Reporter • 24 Jul 2018
The Commonwealth Bank of Australia’s head of third-party banking is to leave his role at the big four bank... READ MORE
growth, Mortgage Choice

Mortgage Choice expected to grow despite ‘challenges’: Morningstar
by Reporter • 24 Jul 2018
Mortgage Choice is expected to increase its franchise network despite facing challenges in recent years that have... READ MORE

‘Brokers make mortgage markets work better’: Deloitte
by Reporter • 24 Jul 2018
Mortgage brokers “make mortgage markets work better”, increase choice and competition between lenders, and help... READ MORE
Two lenders have joined, mortgages

More lenders succumb to funding pressures
by Reporter • 24 Jul 2018
Two lenders have joined the list of non-majors to announce out-of-cycle rate hikes on their home loan products,... READ MORE
Partnership

Finance brokerage partners with financial group
by Reporter • 24 Jul 2018
Cardena Private Wealth has commenced a partnership with brokerage Thyme Financial Group, which will give the... READ MORE
royal commission hearing fifth round gavel

Topics of fifth round of RC hearings revealed
by Reporter • 23 Jul 2018
The financial services royal commission’s fifth round of hearings is set to explore the extent to which registrable... READ MORE
Deloitte

‘Keep an eye on Australia’s mini credit crunch’: Deloitte
by James Mitchell • 23 Jul 2018
A new report from the professional services giant warns that tighter credit could create problems for NSW and... READ MORE
global financial crisis, steepest fall

Building activity set to be a ‘drag’ on the economy
by Tas Bindi • 23 Jul 2018
Building commencements will experience the steepest fall since the 2008 global financial crisis from next year,... READ MORE
scrutiny of borrower income and expense information

Non-bank aims to fill void in low doc space
by Reporter • 23 Jul 2018
A non-bank lender has reinforced its commitment to low doc lending amid withdrawals from the space by some traditional... READ MORE

Public will be able to respond to RC interim report
by Reporter • 20 Jul 2018
The public will be invited to respond to Commissioner Hayne’s interim report from the financial services royal... READ MORE