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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
draft legislation, ASIC

Government consults on bill to boost ASIC powers
by Reporter • 20 Jul 2018
A second round of consultation has launched on draft legislation that will give ASIC powers to intervene should a... READ MORE
AFG

Credit environment is creating a ‘new normal’: AFG
by Reporter • 20 Jul 2018
The CEO of the major aggregator has said that regulation and tighter credit conditions have created a “new normal”... READ MORE
Camera, monitoring, ASIC

ASIC looks to monitor ‘actual’ customer outcomes
by Reporter • 20 Jul 2018
Collecting and sharing more data on “actual consumer outcomes” will be a “game-changer” in improving... READ MORE
Mortgage Choice, fixed rates, home loans

Fixed rates could be making a comeback: Mortgage Choice
by Reporter • 20 Jul 2018
Borrowers are starting to gravitate towards fixed rate loans, the latest data from Mortgage Choice suggests. READ MORE
lift rates, variable rate home loan

Non-majors lift rates, majors expected to ‘follow suit’
by Reporter • 20 Jul 2018
As more non-major lenders announce increases to their variable rate home loan product, one economist is expecting the... READ MORE

Ping pong unites industry
by Reporter • 20 Jul 2018
More than 30 people from 25 organisations, including The Adviser’s own Jordan Coleman, came together to participate... READ MORE
ASIC, blame game

ASIC calls for an end to the blame game
by Reporter • 19 Jul 2018
Financial services entities will no longer have the opportunity to “shift blame” when instances of wrongdoing are... READ MORE
Education on credit and debt

Education on credit flagged as better alternative to more regulation
by Reporter • 19 Jul 2018
Improving borrower education on credit and debt, including potentially bringing in exams for those looking to take on... READ MORE

Bank closes branches and ‘prioritises’ brokers
by Reporter • 18 Jul 2018
A non-major lender has said that it will close nearly 30 branches, affecting nearly 200 staff, as it “prioritises its... READ MORE
money, cash, broker commissions, fintech, Australian dollars, broking industry, Adelaide-based online home loan platform Joust

$2bn of broker commissions in fintech’s crosshairs
by Reporter • 18 Jul 2018
An Australian fintech has set its sights on disrupting the dominance of the mortgage broking industry by appealing to... READ MORE
red tape, broking industry, paralysing industry, royal commission

RC inquiry paralysing the broking industry
by Reporter • 18 Jul 2018
According to a Victoria-based mortgage broker, the financial services royal commission has thwarted his plans to... READ MORE
cba roy morgan dominate financial advice

CBA dominates advice: Roy Morgan
by James Mitchell • 18 Jul 2018
Fresh research from Roy Morgan has found that CBA is the most used bank by Australians who seek out the services of a... READ MORE
new head of mortgage distribution, handshake, appointment, AFM, Troy McLachlan

AFM appoints new head of mortgage distribution
by Reporter • 17 Jul 2018
The mortgage manager has announced that it has appointed a former Future Financial and Better Choice Home... READ MORE
Ian Rakhit

Bankwest focuses on broker training amid accreditation changes
by Reporter • 17 Jul 2018
Bankwest’s general manager of third party has said that the bank is putting “extra assets” into training of... READ MORE
Handshake, appointment, Liberal senator Nick Minchin

Former Liberal staffer to replace Harris as PC chair
by Tas Bindi • 17 Jul 2018
The government has announced that Productivity Commission chair Peter Harris will not renew his contract in September... READ MORE
ING, personal loan, piggy bank, money, cash, Australian dollars,

ING enters personal loan space
by Reporter • 16 Jul 2018
The non-major lender has entered the personal loan space in Australia for the first time, rolling out an unsecured,... READ MORE
increase in interest rates, fixed rates, increased market pressure, variable interest rates, rate changes, Teachers Mutual Bank, UniBank and Firefighters Mutual Bank

TMB raises fixed rates amid ‘market pressures’
by Reporter • 16 Jul 2018
Teachers Mutual Bank has announced rate changes to selected fixed rate home loan products across all of its brands, as... READ MORE

Bank announces broker accreditation changes
by Reporter • 16 Jul 2018
A subsidiary of a major lender has announced changes to its accreditation requirements for new brokers, which it has... READ MORE

Brokerage CEO slams RC and PC inquiries
by Reporter • 16 Jul 2018
The CEO of a major brokerage is “disturbed” by the lack of “research” undertaken by the financial services... READ MORE
myth, caution

FBAA calls out media ‘myths’ on broking
by Reporter • 13 Jul 2018
The Finance Brokers Association of Australia has urged brokers to warn borrowers about “DIY home loans” and... READ MORE
variable interest rates, Bendigo bank, hike rates

Bendigo Bank becomes latest lender to hike rates
by Reporter • 13 Jul 2018
Bendigo Bank has announced that it will increase its variable interest rates on mortgages from 23 July, becoming the... READ MORE
commonwealth bank cba crack down on expenses updated loan application form

CBA cracks down on expenses in updated form
by Tas Bindi • 13 Jul 2018
The major bank will be looking closer at living expenses on loan applications and will require brokers to collect more... READ MORE
Mortgage Choice $30m, cash, dollars, Australian dollar, money

Remuneration reform to cost Mortgage Choice $30m
by Reporter • 13 Jul 2018
An increase in the share of trail commission paid to its brokers is expected to cost Mortgage Choice approximately $30... READ MORE