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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
hike rates

Lenders hike rates as funding costs spike
by James Mitchell • 10 Jul 2018
A handful of challenger banks and non-bank lenders have announced pricing changes in response to increased funding... READ MORE
collecting financial data

Majority of Australians are against companies collecting financial...
by Reporter • 10 Jul 2018
A new survey has found that the vast majority of Australians consider it “unacceptable” for companies to collect... READ MORE
bendigo bank building sign logo ing non major bank top 10 most trusted banks in australia

Non-major banks among most trusted brands in Australia
by Reporter • 9 Jul 2018
Two non-major banks have ranked in the top 10 most trusted brands in Australia, according to a new survey conducted... READ MORE
money, loans, cash

Non-bank lender surpasses $10bn in loans
by Reporter • 9 Jul 2018
Firstmac has announced that it now holds more than $10 billion of loans under management and settled a “record”... READ MORE

Brokers the bright spot for regionals as headwinds mount
by James Mitchell • 9 Jul 2018
Australia’s challenger banks see the mortgage broking industry as a significant opportunity for growth as funding and... READ MORE
Bankwest

Bankwest welcomes broker feedback on commission changes
by Reporter • 9 Jul 2018
The general manager of third-party distribution at Bankwest has said that he welcomes broker feedback on the bank’s... READ MORE
Household mortgage

Mortgage expenses rise by 43.5% in six years
by Reporter • 9 Jul 2018
Australians are spending 43.5 per cent more of their income on principal repayments on their home loans, according to... READ MORE
finance broker in handcuffs perth finance broker sentenced to jail false information fraud charges

Former Perth finance broker sentenced to jail
by Reporter • 6 Jul 2018
A former broker has been sentenced to 21 months of imprisonment after he pleaded guilty to seven charges of giving... READ MORE
Deloitte

Broking triumphs over scrutiny and media criticism: Deloitte
by James Mitchell • 6 Jul 2018
The strength of the third-party channel and the value that brokers provide to consumers is overpowering mainstream... READ MORE
Bank of Queensland (BOQ)

BOQ pulls out of low doc loans
by Reporter • 6 Jul 2018
Bank of Queensland has removed low document home loans from its offering, becoming the second bank in a week to pull... READ MORE
personal loan, money, calculator

Lender sees personal loan originations double
by Tas Bindi • 6 Jul 2018
A marketplace lender has seen personal loan originations double in the second half of the financial year as it broadens... READ MORE
AMP Bank

AMP Bank focuses investment on broker channel
by Reporter • 5 Jul 2018
The non-major lender has said that it is focusing on the “critically important broker and adviser channels” and... READ MORE
Brokers

MFAA launches major broker advocacy campaign
by Reporter • 5 Jul 2018
A multichannel advertising campaign is being launched by the Mortgage & Finance Association of Australia to promote... READ MORE
fall, arrow down

Non-conforming mortgage arrears fall as demand rises
by Reporter • 4 Jul 2018
Non-conforming home loan delinquencies dropped by 33 basis points in April, supported by a rise in issuance, according... READ MORE
AMP

AMP reshuffles real estate leadership team
by Reporter • 4 Jul 2018
AMP Capital has announced the appointment of three new members to its real estate leadership team including a new chief... READ MORE
commonwealth bank cba loc doc loans

CBA to withdraw from low doc lending
by Reporter • 4 Jul 2018
The major bank has announced that it will remove low documentation features on all new home loans and line of credit... READ MORE