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Nearly half of FHBs put off by loan process
by Reporter • 1 Oct 2018
Forty-eight per cent of first home buyers have put off buying a home because the application process is “too... READ MORE
school entrepreneurs program financial literacy program queensland mhairi macleod

WA schools adopt broker-led financial literacy program
by Reporter • 1 Oct 2018
A financial literacy program founded by Queensland broker Mhairi MacLeod has been taken up by more than 80 schools,... READ MORE

Royal commission releases interim report
by Reporter • 28 Sep 2018
The interim report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services... READ MORE
Broker, broker model

‘Upsetting’ the broker model ‘wouldn’t be wise’: Bank CEO
by Reporter • 28 Sep 2018
The broking industry has been a “game-changer” in the Australian mortgage market, and changes that would... READ MORE
ban on broker commissions, Australian financial services royal commission, Consumer NZ

Consumer NZ calls for ban on broker commissions
by Tas Bindi • 28 Sep 2018
The New Zealand consumer advocacy organisation has recommended that commission payments to mortgage brokers be banned. READ MORE
FOS complaints, Royal commission, disputes

Royal commission escalated FOS complaints
by Tas Bindi • 28 Sep 2018
A record number of disputes were reported to the FOS in FY18, partly due to heightened attention on the industry... READ MORE

Brokers ‘doing more work than ever’
by Reporter • 28 Sep 2018
The increased scrutiny on expenses and a reducing risk appetite from the banks has led to brokers doing “more work... READ MORE
Open handcuffs

Former NAB introducer escapes prison sentence
by Reporter • 27 Sep 2018
A Melbourne-based photocopier technician has been fined and will serve 125 hours of community service after he was... READ MORE
Resign, step down, CEO

FinTech Australia CEO steps down
by Reporter • 27 Sep 2018
Brad Kitschke has resigned from his position as CEO of FinTech Australia citing health reasons, with the peak body... READ MORE
Aussie CEO James Symond, federal Treasurer Josh Frydenberg, brokers

Industry leaders meet with federal Treasurer
by Reporter • 26 Sep 2018
Aussie CEO James Symond has brought together some of the broking industry’s biggest businesses and federal Treasurer... READ MORE

Heightened focus on expenses will ‘benefit the industry’
by Reporter • 26 Sep 2018
The current scrutiny on mortgagor expenses and affordability will “benefit the industry at the end of the day”, an... READ MORE
Debt, higher rates, Moody's, High levels of household debt

High debt and higher rates to trigger arrears rise: Moody’s
by Reporter • 26 Sep 2018
High levels of household debt and higher interest rates are putting pressure on borrowers, with delinquencies set to... READ MORE
boost, growth, settlements, bank reports

Bank reports $6.2bn boost in settlements
by Reporter • 26 Sep 2018
A non-major lender has reported “above system” mortgage growth and is expecting to further consolidate market share... READ MORE
CEO Susan Mitchell, Mortgage Choice, market share loss

Major brokerage adds new lender to its panel
by Reporter • 26 Sep 2018
Mortgage Choice has announced adding a non-bank lender to its panel at a time when the banks are particularly cautious... READ MORE
APRA, Wayne Byres

APRA suggests broker networks could be made redundant
by Reporter • 25 Sep 2018
The FBAA has hit out at comments made by the chairman of APRA, who suggested that digital distribution and servicing... READ MORE
bunch of keys investors secure home loan mortgage broker

86% of investors to secure next loan through a broker
by Reporter • 25 Sep 2018
An increasing number of property investors are looking to secure their next loan through a mortgage broker as they seek... READ MORE

Top tips on running an award-winning brokerage
by Reporter • 25 Sep 2018
The director of multi-state brokerage Infinity Group Australia shares his insights and top tips on running an... READ MORE
ASIC

ASIC provides last-ditch ‘relief’ for AFCA transition
by Reporter • 24 Sep 2018
The corporate regulator has provided “transition relief” for some credit representatives that have not yet obtained... READ MORE

Risk services firm defends HEM benchmark
by Reporter • 24 Sep 2018
The head of a risk services company has said that he “completely disagrees” that HEM would, or should, be... READ MORE
Chris Rhode, Adam Empringham

Non-major bank lifts investor variable loan rates
by Reporter • 24 Sep 2018
ING has announced that it is raising its variable interest rates for investor loans, a couple of months after lifting... READ MORE
Women in Finance 2018

The leading women in finance honoured
by Reporter • 21 Sep 2018
The winners of the 2018 Women in Finance Awards have been announced, with several leading mortgage brokers being... READ MORE
broker client interest at heart fbaa finance brokers association of australia 93

93% believe brokers have client interests at heart
by Reporter • 21 Sep 2018
The vast majority of customers believe that brokers have their clients’ interests at heart and are satisfied with the... READ MORE
yellow brick road rejection takeover bid mercantile investment company

YBR renews call for rejection of ‘unsolicited’ takeover bid
by Reporter • 21 Sep 2018
The financial services franchise has urged shareholders to “ignore all” correspondence from takeover aspirant... READ MORE
join forces, brokerage

Brokerage joins forces with real estate firm
by Reporter • 21 Sep 2018
A mortgage brokerage operating out of Sydney and Melbourne has partnered with a NSW-based real estate firm. READ MORE
Prospa, growth, loans, FY18

Prospa reports 70% growth in new loans in FY18
by Tas Bindi • 21 Sep 2018
The small business lender originated $367 million in loans in the 2018 financial year, representing an increase of 70... READ MORE