Breaking News

MFAA reveals its thoughts on RC report
by Reporter • 5 Oct 2018
The broker association has outlined its thoughts on the royal commission interim report, noting that issues raised... READ MORE
partnership, MSA national, bank

Bank partners with MSA National
by Reporter • 5 Oct 2018
A non-major lender has announced its partnership with the mortgage documentation and settlements services provider. READ MORE
businessman holding magnifying lens looking at paper analysing royal commission household expenditure measure hem

Royal commission questions longevity of HEM
by Reporter • 5 Oct 2018
The use of the Household Expenditure Measure as a benchmark for borrowers’ living expenses has been called into... READ MORE

Latitude announces new chief executive
by Eliot Hastie • 5 Oct 2018
Latitude Financial Services has announced that it has appointed a new managing director and chief executive officer,... READ MORE

Rising mortgage costs to impact affordability: PIMCO
by Reporter • 5 Oct 2018
Despite falls in house prices over the last year, rising mortgage costs will continue to impact affordability,... READ MORE

Broker couple charged for NCCP breaches
by Reporter • 4 Oct 2018
A couple have been charged with breaching a banning order and providing false home loan documentation to a bank,... READ MORE
banker, incentive program, misconduct,

Banker incentives a ‘significant cause’ of misconduct: RC
by Reporter • 4 Oct 2018
An incentive program run by a major bank, which rewards bankers with bonuses for achieving home loan sales targets,... READ MORE
drop, interest rates

Non-majors drop interest rates
by Reporter • 4 Oct 2018
An online lender and a mutual bank have announced that they will be reducing interest rates on some of their home loan... READ MORE
Suncorp, new board member

Suncorp appoints new board member
by Reporter • 4 Oct 2018
Ian Hammond, a non-executive director of Perpetual Limited and former audit partner with PwC, has been appointed to the... READ MORE
lenders, broker, breach, royal commission

Commissions ‘might’ breach NCCP: RC
by Reporter • 3 Oct 2018
Lenders paying value-based upfront and trail commissions to mortgage brokers could be in breach of their legal... READ MORE
deadline, ASIC mortgage report, due

ASIC mortgage reports due next year
by Reporter • 3 Oct 2018
The corporate regulator has revealed that it will publish the findings of its home loan shadow shopping exercise and... READ MORE
September, property, prices, fall, down, decline

September property price fall caps off 12-month decline
by Reporter • 3 Oct 2018
National property prices have fallen for the 12th consecutive month as a result of a “substantial drag-down effect”... READ MORE
October cash rate, RBA

RBA reveals October cash rate
by Reporter • 2 Oct 2018
The central bank has announced its cash rate decision for October following its monthly board meeting. READ MORE
fell, arrow down, Aussie Home Loans, royal commission

Aussie fell below community standards: RC
by Reporter • 2 Oct 2018
Aussie Home Loans’ response to misconduct by four of its brokers “fell below community standards and... READ MORE

Finance industry vows to do more
by Reporter • 2 Oct 2018
The Treasurer and members of the industry have released their initial reactions to the royal commission’s interim... READ MORE
Sydney, Australia, mortgage,

Sydney worse for wear in mortgage sensitivity test
by Reporter • 2 Oct 2018
Moody’s Investors Service has undertaken a “sensitivity test” which has outlined the impact that changes in... READ MORE

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