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Major banks expected to ‘clamp down’ on commissions
by Reporter • 6 Jun 2018
Over two-thirds of brokers are expecting the major banks to make changes to their remuneration models, a new survey has... READ MORE

Opinion: Mortgage Choice belongs in franchise sin bin
by James Mitchell • 5 Jun 2018
Mortgage Choice has become the latest in a long line of Australian franchise businesses to come under fire. While... READ MORE
Westpac building

Westpac announces third-party reshuffle
by Reporter • 5 Jun 2018
The major bank has announced changes to its third-party distribution team. READ MORE
appoint, hire, clap hands, applause,

Brokerage brings in two new state managers
by Reporter • 5 Jun 2018
Resolve Finance has appointed a new state manager for Western Australia and another for Victoria to help grow its... READ MORE
Cash rate

Cash rate stagnation continues
by Reporter • 5 Jun 2018
The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting. READ MORE
Mortgage Choice

Major brokerage to overhaul remuneration structure
by Reporter • 5 Jun 2018
A brokerage has announced that it will be undertaking a review of its franchisee remuneration structure, with a view of... READ MORE
ASIC

ASIC flags credit repair risks
by Reporter • 4 Jun 2018
The regulator is running a month-long campaign to warn consumers about the risks associated with seeking credit repair... READ MORE

Boost in bank standards to be ‘short-lived’
by Reporter • 4 Jun 2018
An improvement in banking standards, borne out of the financial services royal commission, will be short-lived,... READ MORE
Warning, scam

Brokers warned about app scams
by James Mitchell • 4 Jun 2018
Potential web innovators are being warned about the dangers of being “done over” by app developers claiming to be... READ MORE
Sam White

‘It’s time for greater clarity around broker obligations’
by James Mitchell • 4 Jun 2018
The head of a major mortgage brokerage says that the industry is selling itself short by adhering to “odd” and... READ MORE

Regional markets offsetting national home value drop
by Reporter • 4 Jun 2018
Continual growth in dwelling values across Australia’s regional markets has offset a “broader” decline... READ MORE
caution signage, allegations

Banks deny allegations of cartel conduct
by Reporter • 1 Jun 2018
Citigroup, Deutsche Bank and ANZ have all vehemently denied allegations of cartel conduct that are being brought... READ MORE

Mortgagors ‘better off’ today despite high home prices: RateCity
by Reporter • 1 Jun 2018
Australian borrowers are better off now than they were 28 years ago, despite slow inflation and wage growth, according... READ MORE

‘Banks cannot discharge legal obligations to brokers’, says lawyer
by Reporter • 1 Jun 2018
A former ASIC lawyer has said that admissions from the banks that they relied on brokers to verify borrower living... READ MORE
Big question mark

Analysis: How big are the non-bank lenders?
by James Mitchell • 1 Jun 2018
With limited information available about the size and market share of Australia’s non-ADI mortgage sector, The... READ MORE
apple garden royal commission farming finance

Regional finance to come under royal commission scrutiny
by Reporter • 31 May 2018
The financial services royal commission has announced that the next round of hearings will review issues experienced by... READ MORE
Call out, caution signage

Tic:Toc boss calls out HEM issues and ‘questionable’ third parties
by James Mitchell • 31 May 2018
The CEO of online mortgage lender Tic:Toc Home Loans says that no human judgement need enter the equation when it comes... READ MORE
commonwealth bank lending policy broker accreditation monitor loan applications debt to income ratio e-learning requirement

CBA updates lending policy and broker accreditation requirement
by Reporter • 31 May 2018
The major bank will now “monitor” loan applications with a debt-to-income ratio higher than 4.5 and will also bring... READ MORE
increase personal loan, lender, money

P2P lender increases personal loan limit
by Reporter • 31 May 2018
A peer-to-peer lender has announced a $15,000 increase in its personal loan limit to accommodate borrower demand. READ MORE
Arrow down, decline

Dwelling approvals slip by 5% in April
by Reporter • 30 May 2018
Latest data from the ABS has revealed a 5 per cent decline in dwelling approvals in April, with two financial services... READ MORE
Piggy bank, financial literacy

Major bank penalties to fund financial literacy
by Reporter • 30 May 2018
The federal government has announced that it will establish a new financial literacy body tasked with distributing... READ MORE

Broker briefs federal MP on broker proposition
by Reporter • 30 May 2018
A leading mortgage broker has written a whitepaper on the value of brokers and presented it to his federal MP in a bid... READ MORE

China crackdown sees property investment fall by 65%: FIRB
by James Mitchell • 30 May 2018
Fresh FIRB data has revealed that tighter controls in China and the introduction of property fees and restrictions in... READ MORE

Royal commission driving customers to different banks
by Reporter • 29 May 2018
Almost a third of Aussies say they are more likely to consider switching banks in the wake of the royal commission's... READ MORE

Mortgage industry could face massive class action

by Reporter • 29 May 2018
A massive class action lawsuit is being planned on behalf of “Australian bank customers that have entered into... READ MORE