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Breaking News
Credit crunch a ‘complex picture’ for brokers
by James Mitchell • 16 May 2018
Slower credit growth and reduced borrowing capacity are expected to wipe 10 per cent off volumes this year, but brokers...
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HashChing eyes white label mortgages
by Reporter • 16 May 2018
The mortgage marketplace has launched a crowdfunding campaign in a bid to help facilitate its growth plans, which...
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Mentor reveals top tips for new brokers
by Reporter • 16 May 2018
A leading mortgage broker has told The Adviser what he believes are the key attributes that new brokers need to...
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Total loan approvals drop by over $1.6bn
by Reporter • 15 May 2018
The total value of housing, commercial and personal loans approved in March dropped by over $1.6 billion in a month,...
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‘Keep the bastards honest’: Broker hits out at banks
by James Mitchell • 15 May 2018
A third-party veteran has warned that the reputations of mortgage brokers and other industry professionals are being...
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NAB looks to challenge fintech space
by Reporter • 14 May 2018
The big four bank has launched an unsecured, short-term small business loan and overdraft facility through the broker...
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Valiant partners with comparison website
by Reporter • 14 May 2018
Valiant Finance has joined forces with rate comparison website Finder in a move designed to provide its brokers and...
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Regional bank appoints new COO
by Reporter • 14 May 2018
Toowoomba-based lender Heritage Bank has announced the appointment of a new chief operating officer, effective...
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Brokerage founder says industry must be ‘culled’
by James Mitchell • 14 May 2018
The managing director of a national brokerage says that the industry needs to be “culled” of bad apples and...
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Mortgage data to fall under Consumer Data Right
by Reporter • 14 May 2018
A new Consumer Data Right will give consumers the right to access and share data that businesses hold about them,...
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Home loan demand falls for fourth consecutive month
by Reporter • 14 May 2018
Home loan demand from both owner-occupiers and investors has dropped, with overall dwelling commitments falling for the...
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Nearly a third of borrowers will be FHBs next year
by Reporter • 11 May 2018
First home buyers will be the largest contingent of borrowers taking out a mortgage in the next year, new research has...
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Royal commission ‘not representative’ of broking: Bouris
by Reporter • 11 May 2018
Yellow Brick Road’s Mark Bouris says that the royal commission’s first round of hearings was “not representative...
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Young Leaders in Finance Awards finalists announced
by Reporter • 11 May 2018
Several leading brokers and mortgage players have been named as finalists in Momentum Media’s inaugural Young Leaders...
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Non-major reshuffles executive team
by Reporter • 10 May 2018
A regional bank has announced changes to its executive team, which include the appointment of a new chief operating...
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Regulators are ‘funded for action’ against industry
by Reporter • 10 May 2018
Following the release of the 2018 federal budget, FBAA has warned that regulators now have a government-funded war...
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Brokerage boss slams ‘rubbish’ budget, ‘lazy’ politicians
by James Mitchell • 10 May 2018
The head of a mortgage broking and financial planning group believes that the 2018 Federal Budget will be spent on...
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DomaCom crowdfunds $1.6m mortgage-backed loan
by Tas Bindi • 10 May 2018
A financial advisory firm has raised $1.6 million via a fractional investment platform to fund a mortgage-backed...
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Brokers expecting non-major share to rise
by Reporter • 9 May 2018
Over 95 per cent of mortgage brokers are expecting to write more home loans for non-major lenders, according to a new...
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Ensurance to ‘dispose’ of Australian retail brokerage
by Annie Kane and Charbel Kadib • 9 May 2018
The board of Ensurance Limited has announced that it will adopt a “new strategic direction” and seek to “dispose...
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New Macquarie-backed player enters mortgage market
by Reporter • 9 May 2018
A new fintech founded by two former NAB executives has received $15 million from major investors to facilitate its...
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Budget 2018–19 released
by Reporter • 8 May 2018
The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new...
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New School Entrepreneurs Program rolled out to brokers
by Reporter • 8 May 2018
Brokers are being urged to take up a new School Entrepreneurs Program that teaches school pupils and young adults...
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Regional bank invests $25m in P2P lender
by Reporter • 8 May 2018
Bendigo and Adelaide Bank Limited has agreed to provide a $25 million facility to fund existing and future loans in a...
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Bank apologises for failing to adequately warn of rate change
by Reporter • 8 May 2018
A non-major bank has apologised to customers and said that it is working to reimburse around 2,500 mortgagors affected...
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