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Breaking News
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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Home loan arrears ‘remain elevated’: S&P
by Reporter • 17 Aug 2018
Arrears on prime residential mortgage have “remain elevated” while delinquencies on non-conforming home loans...
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New loan product launches for brokers
by Reporter • 17 Aug 2018
A business financier for financial professionals has announced that it has launched a new, multi-redraw facility...
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Borrowers flocking to fixed rates amid rate hikes
by Reporter • 17 Aug 2018
Mortgage holders are increasingly looking to lock in a fixed rate to avoid further out-of-cycle interest rate hikes,...
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Government will likely reject PC’s trail recommendation: Bouris
by Tas Bindi • 16 Aug 2018
The recommendation to abolish trail is unlikely to be implemented by the current government, according to the head of...
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Extending credit advice to planners is ‘pro-competitive’: PC
by Reporter • 16 Aug 2018
Allowing financial planners to offer credit advice would provide consumers with greater choice, drive innovation and...
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Non-bank lender acquires competitor
by Reporter • 16 Aug 2018
A Perth-based non-bank lender has assumed control of a domestic competitor, in a move designed to help it...
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Private lenders ‘consolidating’ as market tightens
by Reporter • 16 Aug 2018
There has been a “consolidation in the private lending market” as the residential property market tightens, a...
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Sydney 8th most overpriced global property market
by Reporter • 15 Aug 2018
Sydney has been known by many to be a rather unaffordable market, but new research indicates just how overpriced the...
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‘I think we're going to keep trail,’ says brokerage head
by Reporter • 15 Aug 2018
The executive chairman of Loan Market has said that he believes the government will seek to retain trail commissions...
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Removing trail could ‘decimate’ regional brokers
by Tas Bindi • 15 Aug 2018
Removing trail commission would “decimate” mortgage brokers operating in regional and rural areas, a...
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PC changes could ‘greatly erode’ broker proposition, warns broker
by Reporter • 14 Aug 2018
The removal of trail commission would undermine the broker proposition, reduce competition in the financial sector and...
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NAB profits boost despite ‘challenging’ environment
by Reporter • 14 Aug 2018
The major bank has reported third quarter profit growth, despite rising regulatory costs, and a “challenging...
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Expenses probed as regional bank takes loans from majors
by Reporter • 14 Aug 2018
A non-major lender has said that it was the “recipient of increased flows” off the back of tighter serviceability...
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Major aggregator offers living expense resource to all brokers
by Reporter • 14 Aug 2018
One of Australia’s largest aggregators has launched a new living expense assessments e-book to assist brokers to...
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Opinion: Who will survive the royal commission?
by James Mitchell • 14 Aug 2018
When the media circus surrounding the Hayne royal commission finally dies down, the financial services industry faces...
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ASIC warns lenders not to outsource responsibility to brokers
by Reporter • 13 Aug 2018
The corporate regulator has reiterated its view that lenders should be held accountable for breaches of responsible...
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Property group posts $29.3m third-party revenue
by Reporter • 13 Aug 2018
A property group has delivered growth through its financial services division off the back of its investments in the...
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Non-bank lender posts record settlements
by Reporter • 13 Aug 2018
A non-bank lender has seen a 96 per cent increase in applications and 153 per cent rise in settlements, as it continues...
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